Vishay Precision Group (NYSE:VPG) Reaches New 1-Year High – Here’s Why

Vishay Precision Group, Inc. (NYSE:VPG)’s share price reached a new 52-week high on Friday . The company traded as high as $142.22 and last traded at $142.04, with a volume of 859192 shares. The stock had previously closed at $122.25.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Lake Street Capital upped their target price on shares of Vishay Precision Group from $54.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Weiss Ratings downgraded Vishay Precision Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 28th. Zacks Research upgraded Vishay Precision Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. B. Riley Financial lifted their price target on Vishay Precision Group from $63.00 to $109.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Finally, Wall Street Zen upgraded shares of Vishay Precision Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Vishay Precision Group presently has an average rating of “Moderate Buy” and an average price target of $83.67.

Vishay Precision Group Trading Up 16.2%

The stock’s 50 day simple moving average is $82.69 and its 200 day simple moving average is $56.76. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.97 and a current ratio of 4.47. The firm has a market cap of $1.89 billion, a PE ratio of 315.65, a PEG ratio of 6.27 and a beta of 1.46.

Vishay Precision Group (NYSE:VPG) last released its quarterly earnings results on Tuesday, May 12th. The scientific and technical instruments company reported $0.07 earnings per share for the quarter. Vishay Precision Group had a return on equity of 2.28% and a net margin of 1.85%.The business had revenue of $84.35 million for the quarter, compared to the consensus estimate of $77.08 million. On average, sell-side analysts forecast that Vishay Precision Group, Inc. will post 0.97 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vishay Precision Group

A number of large investors have recently added to or reduced their stakes in the company. Quantinno Capital Management LP raised its position in Vishay Precision Group by 0.9% during the first quarter. Quantinno Capital Management LP now owns 36,869 shares of the scientific and technical instruments company’s stock valued at $1,601,000 after purchasing an additional 314 shares in the last quarter. LPL Financial LLC grew its position in Vishay Precision Group by 6.3% during the fourth quarter. LPL Financial LLC now owns 7,522 shares of the scientific and technical instruments company’s stock valued at $290,000 after acquiring an additional 448 shares during the last quarter. UBS Group AG grew its position in Vishay Precision Group by 0.8% during the third quarter. UBS Group AG now owns 67,724 shares of the scientific and technical instruments company’s stock valued at $2,171,000 after acquiring an additional 523 shares during the last quarter. K2 Principal Fund L.P. grew its position in Vishay Precision Group by 9.0% during the fourth quarter. K2 Principal Fund L.P. now owns 10,900 shares of the scientific and technical instruments company’s stock valued at $420,000 after acquiring an additional 900 shares during the last quarter. Finally, Strs Ohio bought a new position in Vishay Precision Group during the first quarter valued at approximately $39,000. Hedge funds and other institutional investors own 87.61% of the company’s stock.

About Vishay Precision Group

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.