Hsbc Holdings PLC Purchases Shares of 10,657 Vishay Precision Group, Inc. $VPG

Hsbc Holdings PLC acquired a new position in Vishay Precision Group, Inc. (NYSE:VPG) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 10,657 shares of the scientific and technical instruments company’s stock, valued at approximately $1,587,000.

Other institutional investors also recently modified their holdings of the company. Roubaix Capital LLC bought a new position in shares of Vishay Precision Group during the 1st quarter worth about $6,989,000. Assenagon Asset Management S.A. bought a new stake in Vishay Precision Group in the second quarter valued at about $2,720,000. Sei Investments Co. raised its position in Vishay Precision Group by 71.3% in the first quarter. Sei Investments Co. now owns 167,086 shares of the scientific and technical instruments company’s stock worth $7,255,000 after purchasing an additional 69,573 shares in the last quarter. Andar Capital Management HK Ltd acquired a new position in Vishay Precision Group in the second quarter worth about $45,000,000. Finally, Bastion Asset Management Inc. lifted its stake in Vishay Precision Group by 31.0% during the first quarter. Bastion Asset Management Inc. now owns 224,196 shares of the scientific and technical instruments company’s stock worth $9,813,000 after purchasing an additional 53,102 shares during the period. Institutional investors and hedge funds own 87.61% of the company’s stock.

Vishay Precision Group Stock Performance

Vishay Precision Group stock opened at $62.39 on Monday. The stock has a 50-day simple moving average of $96.86 and a 200 day simple moving average of $80.47. The stock has a market capitalization of $831.03 million, a price-to-earnings ratio of 207.97, a P/E/G ratio of 5.30 and a beta of 1.47. The company has a quick ratio of 2.72, a current ratio of 4.15 and a debt-to-equity ratio of 0.05. Vishay Precision Group, Inc. has a 12-month low of $27.54 and a 12-month high of $151.78.

Vishay Precision Group (NYSE:VPG) last issued its quarterly earnings data on Wednesday, August 5th. The scientific and technical instruments company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.15). The company had revenue of $83.94 million for the quarter, compared to the consensus estimate of $87.44 million. Vishay Precision Group had a return on equity of 1.77% and a net margin of 1.20%. On average, research analysts anticipate that Vishay Precision Group, Inc. will post 0.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on VPG shares. B. Riley Financial decreased their price objective on Vishay Precision Group from $109.00 to $105.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Wall Street Zen downgraded Vishay Precision Group from a “buy” rating to a “sell” rating in a research report on Saturday, August 8th. Lake Street Capital boosted their price target on Vishay Precision Group from $54.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Weiss Ratings cut Vishay Precision Group from a “hold (c)” rating to a “sell (d+)” rating in a research report on Tuesday, August 18th. Finally, Zacks Research lowered Vishay Precision Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Vishay Precision Group presently has a consensus rating of “Hold” and a consensus target price of $82.33.

Vishay Precision Group 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.