Needham Investment Management LLC Raises Stake in Vishay Precision Group, Inc. (NYSE:VPG)

Needham Investment Management LLC lifted its stake in shares of Vishay Precision Group, Inc. (NYSE:VPG) by 5.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 677,500 shares of the scientific and technical instruments company’s stock after acquiring an additional 37,500 shares during the period. Vishay Precision Group accounts for approximately 1.3% of Needham Investment Management LLC’s portfolio, making the stock its 25th biggest position. Needham Investment Management LLC owned about 0.05% of Vishay Precision Group worth $17,547,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of VPG. Quantbot Technologies LP purchased a new position in Vishay Precision Group during the third quarter worth about $51,000. Quest Partners LLC acquired a new stake in shares of Vishay Precision Group during the 3rd quarter worth approximately $66,000. SG Americas Securities LLC purchased a new stake in shares of Vishay Precision Group during the 3rd quarter valued at approximately $146,000. Kovack Advisors Inc. acquired a new position in Vishay Precision Group in the third quarter valued at approximately $218,000. Finally, BNP Paribas Financial Markets grew its position in Vishay Precision Group by 167.7% in the third quarter. BNP Paribas Financial Markets now owns 11,863 shares of the scientific and technical instruments company’s stock worth $307,000 after acquiring an additional 7,432 shares during the period. Institutional investors and hedge funds own 87.61% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on VPG. B. Riley reduced their target price on Vishay Precision Group from $36.00 to $31.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. StockNews.com cut shares of Vishay Precision Group from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th.

Vishay Precision Group Trading Up 2.1 %

NYSE VPG traded up $0.50 on Tuesday, reaching $24.10. The stock had a trading volume of 113,680 shares, compared to its average volume of 68,063. The company has a quick ratio of 2.80, a current ratio of 4.41 and a debt-to-equity ratio of 0.09. The stock has a fifty day moving average price of $23.41 and a two-hundred day moving average price of $27.60. Vishay Precision Group, Inc. has a 12-month low of $20.83 and a 12-month high of $35.98. The firm has a market capitalization of $319.08 million, a price-to-earnings ratio of 23.83 and a beta of 1.16.

Vishay Precision Group (NYSE:VPG) last issued its quarterly earnings results on Tuesday, November 5th. The scientific and technical instruments company reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.19. The business had revenue of $75.73 million for the quarter, compared to analysts’ expectations of $73.47 million. Vishay Precision Group had a net margin of 4.13% and a return on equity of 6.24%. During the same quarter in the prior year, the company earned $0.47 earnings per share. As a group, sell-side analysts forecast that Vishay Precision Group, Inc. will post 1.06 EPS for the current fiscal year.

Vishay Precision Group Company Profile

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.