AIGH Capital Management LLC Trims Stake in Vishay Precision Group, Inc. $VPG

AIGH Capital Management LLC lessened its position in Vishay Precision Group, Inc. (NYSE:VPG) by 41.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 250,000 shares of the scientific and technical instruments company’s stock after selling 173,484 shares during the quarter. Vishay Precision Group accounts for 2.3% of AIGH Capital Management LLC’s portfolio, making the stock its 16th largest position. AIGH Capital Management LLC owned about 1.88% of Vishay Precision Group worth $8,012,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC bought a new stake in Vishay Precision Group in the second quarter worth about $225,000. GAMMA Investing LLC raised its holdings in shares of Vishay Precision Group by 2,638.2% in the second quarter. GAMMA Investing LLC now owns 931 shares of the scientific and technical instruments company’s stock worth $26,000 after buying an additional 897 shares during the period. Azarias Capital Management L.P. lifted its stake in shares of Vishay Precision Group by 5.5% during the 2nd quarter. Azarias Capital Management L.P. now owns 214,564 shares of the scientific and technical instruments company’s stock worth $6,029,000 after acquiring an additional 11,274 shares during the last quarter. Acuitas Investments LLC bought a new stake in shares of Vishay Precision Group during the 2nd quarter worth approximately $2,005,000. Finally, Draper Asset Management LLC purchased a new position in Vishay Precision Group during the 2nd quarter valued at $752,000. 87.61% of the stock is currently owned by institutional investors.

Vishay Precision Group Trading Down 7.7%

NYSE:VPG opened at $44.12 on Friday. The firm has a 50-day simple moving average of $38.33 and a 200-day simple moving average of $33.49. Vishay Precision Group, Inc. has a one year low of $18.57 and a one year high of $50.50. The firm has a market cap of $585.90 million, a P/E ratio of 73.53, a P/E/G ratio of 2.29 and a beta of 0.83. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.71 and a current ratio of 4.10.

Vishay Precision Group (NYSE:VPG) last issued its quarterly earnings data on Tuesday, November 4th. The scientific and technical instruments company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.05. The company had revenue of $79.73 million for the quarter, compared to analyst estimates of $76.63 million. Vishay Precision Group had a net margin of 2.65% and a return on equity of 2.02%. Equities analysts anticipate that Vishay Precision Group, Inc. will post 0.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Loop Capital set a $44.00 target price on Vishay Precision Group in a research report on Thursday, December 18th. Wall Street Zen downgraded shares of Vishay Precision Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 22nd. Zacks Research cut shares of Vishay Precision Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Lake Street Capital began coverage on shares of Vishay Precision Group in a research note on Thursday, December 18th. They issued a “buy” rating and a $44.00 target price on the stock. Finally, Weiss Ratings downgraded shares of Vishay Precision Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, January 15th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $38.83.

Vishay Precision Group Company Profile

Vishay Precision Group (NYSE: VPG) specializes in the design, manufacture and calibration of precision sensors, instrumentation and measurement systems used in a broad range of applications. Its product portfolio includes load cells, tension links, weighing modules, torque transducers, digital indicators and data acquisition systems. These solutions serve critical requirements for accuracy, reliability and repeatability in sectors such as industrial automation, test and measurement, medical devices, food and beverage processing, aerospace and defense.

The company traces its roots to the sensor and measurement division of Vishay Intertechnology, Inc, from which it was spun off as an independent public company in March 2016.