Vishay Precision Group (NYSE:VPG) Upgraded to “Buy” at StockNews.com

Vishay Precision Group (NYSE:VPG) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a report released on Friday.

Separately, B. Riley raised Vishay Precision Group from a “neutral” rating to a “buy” rating and boosted their target price for the company from $24.50 to $28.50 in a research note on Thursday, February 13th.

Vishay Precision Group Stock Down 2.1 %

Shares of NYSE VPG opened at $26.09 on Friday. The stock has a market capitalization of $345.38 million, a P/E ratio of 35.25 and a beta of 1.15. Vishay Precision Group has a one year low of $20.83 and a one year high of $35.54. The firm’s 50 day simple moving average is $23.53 and its two-hundred day simple moving average is $24.25. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.41 and a quick ratio of 2.80.

Vishay Precision Group (NYSE:VPG) last released its earnings results on Wednesday, February 12th. The scientific and technical instruments company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.10). Vishay Precision Group had a net margin of 3.23% and a return on equity of 3.87%. As a group, analysts expect that Vishay Precision Group will post 0.9 EPS for the current fiscal year.

Institutional Investors Weigh In On Vishay Precision Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Two Sigma Investments LP grew its holdings in Vishay Precision Group by 28.4% in the 4th quarter. Two Sigma Investments LP now owns 57,366 shares of the scientific and technical instruments company’s stock worth $1,346,000 after acquiring an additional 12,675 shares during the last quarter. Nuveen Asset Management LLC boosted its holdings in shares of Vishay Precision Group by 38.1% during the fourth quarter. Nuveen Asset Management LLC now owns 110,775 shares of the scientific and technical instruments company’s stock worth $2,600,000 after purchasing an additional 30,542 shares during the period. Occudo Quantitative Strategies LP bought a new stake in shares of Vishay Precision Group in the fourth quarter worth about $274,000. Needham Investment Management LLC increased its holdings in Vishay Precision Group by 1.1% during the 4th quarter. Needham Investment Management LLC now owns 685,200 shares of the scientific and technical instruments company’s stock valued at $16,082,000 after purchasing an additional 7,700 shares during the period. Finally, Millennium Management LLC raised its position in Vishay Precision Group by 112.3% during the 4th quarter. Millennium Management LLC now owns 22,930 shares of the scientific and technical instruments company’s stock valued at $538,000 after purchasing an additional 12,128 shares during the last quarter. 87.61% of the stock is currently owned by institutional investors.

Vishay Precision Group Company Profile

Vishay Precision Group, Inc designs, manufactures, and markets specialized sensors, weighing solutions, and measurement systems in the United States, Israel, the United Kingdom, rest of Europe, Asia, and Canada. It operates through three segments: Sensors, Weighing Solutions, and Measurement Systems.