JPMorgan Chase & Co. Buys 331,547 Shares of Vishay Precision Group, Inc. (NYSE:VPG)

JPMorgan Chase & Co. boosted its stake in shares of Vishay Precision Group, Inc. (NYSE:VPG) by 1,238.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 358,325 shares of the scientific and technical instruments company’s stock after buying an additional 331,547 shares during the period. JPMorgan Chase & Co. owned approximately 2.71% of Vishay Precision Group worth $9,281,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Lord Abbett & CO. LLC bought a new position in Vishay Precision Group during the 3rd quarter valued at approximately $1,014,000. FMR LLC boosted its stake in Vishay Precision Group by 51.3% during the 3rd quarter. FMR LLC now owns 802,256 shares of the scientific and technical instruments company’s stock valued at $20,778,000 after purchasing an additional 271,974 shares during the last quarter. State Street Corp boosted its stake in Vishay Precision Group by 3.2% during the 3rd quarter. State Street Corp now owns 313,083 shares of the scientific and technical instruments company’s stock valued at $8,109,000 after purchasing an additional 9,660 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Vishay Precision Group by 167.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 11,863 shares of the scientific and technical instruments company’s stock valued at $307,000 after purchasing an additional 7,432 shares during the last quarter. Finally, Quest Partners LLC purchased a new stake in Vishay Precision Group during the 3rd quarter valued at $66,000. Institutional investors own 87.61% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Vishay Precision Group from a “hold” rating to a “buy” rating in a research note on Tuesday, December 3rd.

Vishay Precision Group Stock Performance

VPG stock opened at $22.49 on Tuesday. The company has a market cap of $297.75 million, a P/E ratio of 22.72 and a beta of 1.14. Vishay Precision Group, Inc. has a 1 year low of $20.83 and a 1 year high of $35.98. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.41 and a quick ratio of 2.80. The stock’s fifty day moving average price is $22.99 and its 200-day moving average price is $25.82.

Vishay Precision Group (NYSE:VPG) last released its quarterly earnings results on Tuesday, November 5th. The scientific and technical instruments company reported $0.19 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.19. The firm had revenue of $75.73 million for the quarter, compared to the consensus estimate of $73.47 million. Vishay Precision Group had a return on equity of 6.24% and a net margin of 4.13%. During the same period last year, the business posted $0.47 EPS. On average, equities analysts forecast that Vishay Precision Group, Inc. will post 1.06 earnings per share for the current year.

About Vishay Precision Group

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.