ValuEngine reduced shares of Vishay Precision Group (NYSE: VPG) from a strong buy-rating to a buy-rating in a research memorandum published on Wednesday 8 August.
Apart from this, B. Riley has repeated a merchandise classification and a price target of $ 53.00 (of $ 40.00) on shares of Vishay Precision Group issued in a study letter on Monday, August 6th.
Shares of the NYSE VPG fell $ 0.30 during mid-day trading on Wednesday and reached $ 44.20. The company had a trading volume of 39,840 shares, compared with the average volume of 83,200. The stock has a market capitalization of $ 565.91 million, a P / E ratio of 38.77, a PEG ratio of 1.09 and a beta of 0.95. The company has a current ratio of 4.10, a quick ratio of 2.79 and a debt-to-equity ratio of 0.13. Vishay Precision Group has a 1-year low of $ 20.50 and a 1-year high of $ 44.90.
Vishay Precision Group (NYSE: VPG) last released the quarterly results on Tuesday 7 August. The company for scientific and technical instruments reported earnings per share of $ 0.57 (EPS) this quarter and outperformed the consensus estimate of $ 0.44 with $ 0.13. Vishay Precision Group had a return on equity of 10.93% and a net margin of 7.66%. The company's revenue was $ 74.23 million compared with analysts' expectations of $ 73.53 million. In the same period last year the company earned $ 0.29 earnings per share. stock analysts predict that Vishay Precision Group will book 1.94 EPS for the current fiscal year.
In other Vishay Precision Group news, director Timothy Talbert sold 3,000 shares of the company's shares in a transaction on Monday, August 20. The stock was sold at an average price of $ 44.00, for a total value of $ 132,000.00. After the sale, the director now holds 14,896 shares directly in the company, valued at $ 655,424. The transaction was disclosed in a legal application to the SEC, which is accessible via this link. Director Bruce A. Lerner also sold 1125 shares of the company's shares in a transaction on Friday 10 August. The shares were sold at an average price of $ 43.63 for a total value of $ 49,083.75. After the completion of the sale, the director now owns 3,012 shares in the company, valued at $ 131,413.56. The information for this sale can be found here. In the past 90 days, insiders have sold 9,945 shares of company shares valued at $ 420,651. 6.49% of the stock is owned by insiders.
Several hedge funds have recently adjusted their corporate ownership. BlackRock Inc. has expanded its shareholdings in Vishay Precision Group by 3.9% in the second quarter. BlackRock Inc. now owns 883,845 shares of the Company's shares for scientific and technical instruments with a value of $ 33,719,000 after the acquisition of additional 32,988 shares during the last quarter. Renaissance Technologies LLC grew its shareholdings in Vishay Precision Group shares by 10.0% during the second quarter. Renaissance Technologies LLC now owns 736,200 shares of the company's scientific and technical instruments worth $ 28,086,000 after purchasing an additional 67,100 shares in the last quarter. Uniplan Investment Counsel Inc. has increased the interest in Vishay Precision Group by 0.8% in the first quarter. Uniplan Investment Counsel Inc. now holds 334,462 shares of the company's scientific and technical instruments with a value of $ 10,418,000 after the purchase of 2,733 additional shares during the last quarter. Millennium Management LLC expanded its shareholdings in Vishay Precision Group by 91.6% in the fourth quarter. Millennium Management LLC now owns 322,942 shares of the company's stock for scientific and technical instruments with a value of $ 8,122,000 after the acquisition of 154,400 additional shares during the last quarter. In the end Lord Abbett & CO. LLC expanded its participations in Vishay Precision Group shares by 34.0% in the first quarter. Lord Abbett & CO. LLC now holds 294,906 shares of the company's scientific and technical instruments with a value of $ 9,186,000 after the purchase of 74,893 additional shares during the last quarter. 86.81% of the shares are currently held by institutional investors.
About Vishay Precision Group
Vishay Precision Group, Inc. designs, manufactures and markets sensors, sensor-based measurement systems, special resistances and strain gauges in Asia, the United States, Israel, Europe, the United Kingdom and Canada. It works in three segments: Foil Technology Products, Force Sensors and Weighing and Control Systems.
Further reading: technical analysis of shares and what it means
To view the full ValuEngine report, visit the official website of ValuEngine.
Receive news and ratings for Vishay Precision Group Daily – Enter your email address below to receive a concise, daily summary of the latest news and analyst reviews for Vishay Precision Group and related companies with the FREE daily email newsletter from MarketBeat.com.