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

B. Riley upgraded shares of Vishay Precision Group (NYSE:VPG) from a neutral rating to a buy rating in a report published on Thursday, MarketBeat Ratings reports. The firm currently has $28.50 price target on the scientific and technical instruments company’s stock, up from their previous price target of $24.50. B. Riley also issued estimates for Vishay Precision Group’s FY2025 earnings at $1.06 EPS.

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

Vishay Precision Group Stock Up 8.1 %

VPG stock opened at $24.88 on Thursday. The company has a market capitalization of $329.45 million, a P/E ratio of 25.13 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 firm’s fifty day simple moving average is $23.34 and its 200-day simple moving average is $24.51. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.41 and a quick ratio of 2.80.

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

Institutional Trading of Vishay Precision Group

Several institutional investors have recently bought and sold shares of the business. Portolan Capital Management LLC acquired a new position in shares of Vishay Precision Group during the 4th quarter worth approximately $11,552,000. Wells Fargo & Company MN raised its position in Vishay Precision Group by 32.3% during the fourth 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 period. 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 worth $4,822,000 after acquiring an additional 48,570 shares during the period. Geode Capital Management LLC lifted its stake in Vishay Precision Group by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 329,940 shares of the scientific and technical instruments company’s stock valued at $7,746,000 after buying an additional 10,454 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Vishay Precision Group by 172.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 186,752 shares of the scientific and technical instruments company’s stock valued at $4,383,000 after acquiring an additional 118,153 shares in the last quarter. 87.61% of the stock is owned by institutional investors and hedge funds.

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.