Vishay Precision Group (NYSE:VPG) Releases Quarterly Earnings Results

Vishay Precision Group (NYSE:VPG) released its quarterly earnings results on Tuesday. The scientific and technical instruments company reported $0.07 earnings per share for the quarter, FiscalAI reports. Vishay Precision Group had a net margin of 1.72% and a return on equity of 2.16%. The firm had revenue of $84.35 million during the quarter, compared to the consensus estimate of $77.08 million.

Here are the key takeaways from Vishay Precision Group’s conference call:

• Q1 performance was strong, with revenue up 18% year over year to $84.4 million and bookings up 26% sequentially to $102.1 million, producing the company’s best book-to-bill since 2022.
• Sensor demand surged on AI-related applications, with bookings reaching a 15-quarter high and backlog at its highest level since Q1 2023, supported by semiconductor equipment, data centers, fiber optics, defense, and early humanoid robotics demand.
• VPG introduced a new three-year operating model targeting 8%-10% annual organic revenue growth, gross margin of 46.5%, and EBITDA margin of 18.5%-20.5%, while also planning more than $20 million of cost reductions and efficiency gains.
• Profitability remained modest in Q1, with adjusted operating margin at 1.9% and adjusted EBITDA margin at 7%, while adjusted free cash flow was negative due to higher working capital needs to support growth.
• Management stayed upbeat on humanoid robotics, saying Q1 revenue was about $600,000 and could more than double in Q2, while also raising its internal 2026 projection as customer production ramps appear increasingly likely in the second half of the year.

Vishay Precision Group Trading Up 24.4%

Shares of Vishay Precision Group stock traded up $16.28 during mid-day trading on Tuesday, hitting $82.88. The stock had a trading volume of 224,046 shares, compared to its average volume of 290,704. The firm has a 50-day moving average of $49.42 and a two-hundred day moving average of $43.57. Vishay Precision Group has a 12-month low of $24.89 and a 12-month high of $87.88. The company has a quick ratio of 2.97, a current ratio of 4.47 and a debt-to-equity ratio of 0.06. The firm has a market cap of $1.10 billion, a P/E ratio of 204.25, a price-to-earnings-growth ratio of 4.42 and a beta of 1.13.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Vishay Precision Group by 2.7% in the third quarter. Vanguard Group Inc. now owns 937,553 shares of the scientific and technical instruments company’s stock worth $30,049,000 after acquiring an additional 24,235 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of Vishay Precision Group by 2.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 342,135 shares of the scientific and technical instruments company’s stock worth $9,614,000 after purchasing an additional 8,923 shares during the period. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Vishay Precision Group during the 4th quarter worth about $9,822,000. T. Rowe Price Investment Management Inc. purchased a new stake in Vishay Precision Group in the 4th quarter valued at about $9,732,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Vishay Precision Group by 5.4% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 218,015 shares of the scientific and technical instruments company’s stock valued at $6,987,000 after buying an additional 11,158 shares during the period. 87.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VPG has been the subject of a number of recent research reports. Zacks Research upgraded shares of Vishay Precision Group from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. B. Riley Financial restated a “buy” rating and issued a $63.00 price target (up from $45.00) on shares of Vishay Precision Group in a research report on Tuesday, February 3rd. Weiss Ratings cut Vishay Precision Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 6th. Wall Street Zen downgraded Vishay Precision Group from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Finally, Lake Street Capital set a $54.00 price objective on Vishay Precision Group and gave the stock a “buy” rating in a research note on Thursday, February 12th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $53.67.

Vishay Precision Group Company 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.