31,219 Shares in Vishay Precision Group, Inc. $VPG Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new position in shares of Vishay Precision Group, Inc. (NYSE:VPG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 31,219 shares of the scientific and technical instruments company’s stock, valued at approximately $877,000. Y Intercept Hong Kong Ltd owned approximately 0.24% of Vishay Precision Group at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VPG. AIGH Capital Management LLC bought a new stake in Vishay Precision Group during the first quarter worth approximately $6,349,000. Nuveen LLC bought a new stake in Vishay Precision Group during the first quarter worth approximately $2,656,000. Acuitas Investments LLC bought a new stake in Vishay Precision Group during the second quarter worth approximately $2,005,000. Invenomic Capital Management LP raised its holdings in Vishay Precision Group by 130.3% during the first quarter. Invenomic Capital Management LP now owns 120,633 shares of the scientific and technical instruments company’s stock worth $2,906,000 after purchasing an additional 68,260 shares in the last quarter. Finally, Lord Abbett & CO. LLC raised its holdings in Vishay Precision Group by 18.8% during the first quarter. Lord Abbett & CO. LLC now owns 364,626 shares of the scientific and technical instruments company’s stock worth $8,784,000 after purchasing an additional 57,634 shares in the last quarter. Institutional investors own 87.61% of the company’s stock.

Vishay Precision Group Price Performance

NYSE VPG opened at $35.73 on Wednesday. The stock has a market capitalization of $474.46 million, a P/E ratio of -396.96 and a beta of 0.95. Vishay Precision Group, Inc. has a 1 year low of $18.57 and a 1 year high of $38.90. The business’s fifty day moving average is $32.92 and its two-hundred day moving average is $28.80. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.87 and a current ratio of 4.35.

Vishay Precision Group (NYSE:VPG) last posted its quarterly earnings data on Tuesday, August 5th. The scientific and technical instruments company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.13. Vishay Precision Group had a negative net margin of 0.43% and a positive return on equity of 1.72%. The firm had revenue of $75.16 million for the quarter, compared to analysts’ expectations of $72.93 million. On average, research analysts forecast that Vishay Precision Group, Inc. will post 0.9 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on VPG shares. Wall Street Zen raised Vishay Precision Group from a “hold” rating to a “buy” rating in a report on Sunday. Zacks Research cut Vishay Precision Group from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Vishay Precision Group in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Vishay Precision Group currently has a consensus rating of “Hold” and a consensus target price of $28.50.

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.