Vishay Precision Group (NYSE:VPG) Raised to “Buy” at B. Riley

Vishay Precision Group (NYSE:VPG) was upgraded by research analysts at B. Riley from a “neutral” rating to a “buy” rating in a note issued to investors on Thursday, MarketBeat reports. The brokerage presently has a $28.50 price objective on the scientific and technical instruments company’s stock, up from their prior price objective of $24.50. B. Riley’s target price would indicate a potential upside of 23.91% from the company’s previous close. B. Riley also issued estimates for Vishay Precision Group’s FY2025 earnings at $1.06 EPS.

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

Vishay Precision Group Trading Down 4.2 %

Shares of Vishay Precision Group stock opened at $23.00 on Thursday. The company’s 50-day moving average price is $23.34 and its 200-day moving average price is $24.51. The company has a market cap of $304.52 million, a price-to-earnings ratio of 23.23 and a beta of 1.15. Vishay Precision Group has a 12-month low of $20.83 and a 12-month high of $35.98. The company has a current ratio of 4.41, a quick ratio of 2.80 and a debt-to-equity ratio of 0.09.

Vishay Precision Group (NYSE:VPG) last posted its earnings results on Wednesday, February 12th. The scientific and technical instruments company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.10). Vishay Precision Group had a return on equity of 6.24% and a net margin of 4.13%. On average, equities analysts expect that Vishay Precision Group will post 1.06 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vishay Precision Group

A number of institutional investors have recently made changes to their positions in VPG. Wells Fargo & Company MN lifted its holdings in shares of Vishay Precision Group by 32.3% during the 4th quarter. Wells Fargo & Company MN now owns 8,067 shares of the scientific and technical instruments company’s stock worth $189,000 after acquiring an additional 1,970 shares during the last quarter. Foundry Partners LLC raised its position in Vishay Precision Group by 31.0% during the fourth quarter. Foundry Partners LLC now owns 205,450 shares of the scientific and technical instruments company’s stock valued at $4,822,000 after purchasing an additional 48,570 shares in the last quarter. Geode Capital Management LLC lifted its stake in Vishay Precision Group by 3.3% during the fourth quarter. Geode Capital Management LLC now owns 329,940 shares of the scientific and technical instruments company’s stock worth $7,746,000 after purchasing an additional 10,454 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Vishay Precision Group by 172.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 186,752 shares of the scientific and technical instruments company’s stock worth $4,383,000 after purchasing an additional 118,153 shares in the last quarter. Finally, EntryPoint Capital LLC increased its position in shares of Vishay Precision Group by 22.0% during the 4th quarter. EntryPoint Capital LLC now owns 9,596 shares of the scientific and technical instruments company’s stock valued at $225,000 after purchasing an additional 1,730 shares during the last quarter. Institutional investors own 87.61% of the company’s stock.

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.