Sei Investments Co. Acquires 69,573 Shares of Vishay Precision Group, Inc. $VPG

Sei Investments Co. increased its holdings in Vishay Precision Group, Inc. (NYSE:VPG) by 71.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 167,086 shares of the scientific and technical instruments company’s stock after purchasing an additional 69,573 shares during the quarter. Sei Investments Co.’s holdings in Vishay Precision Group were worth $7,255,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in VPG. Strs Ohio bought a new stake in Vishay Precision Group in the first quarter worth $39,000. Farther Finance Advisors LLC grew its stake in shares of Vishay Precision Group by 1,180.0% during the fourth quarter. Farther Finance Advisors LLC now owns 1,024 shares of the scientific and technical instruments company’s stock valued at $39,000 after buying an additional 944 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Vishay Precision Group by 826.7% in the third quarter. Russell Investments Group Ltd. now owns 1,112 shares of the scientific and technical instruments company’s stock worth $36,000 after buying an additional 992 shares during the period. Kestra Advisory Services LLC purchased a new position in shares of Vishay Precision Group in the fourth quarter worth about $51,000. Finally, BNP Paribas Financial Markets lifted its stake in shares of Vishay Precision Group by 85.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,332 shares of the scientific and technical instruments company’s stock valued at $75,000 after acquiring an additional 1,076 shares during the last quarter. 87.61% of the stock is owned by institutional investors.

Vishay Precision Group Price Performance

Shares of VPG stock opened at $92.09 on Monday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.97 and a current ratio of 4.47. Vishay Precision Group, Inc. has a fifty-two week low of $25.58 and a fifty-two week high of $151.78. The firm has a market cap of $1.22 billion, a P/E ratio of 204.64, a P/E/G ratio of 4.72 and a beta of 1.47. The business’s 50 day moving average price is $120.69 and its 200-day moving average price is $77.26.

Vishay Precision Group (NYSE:VPG) last announced its earnings results on Tuesday, May 12th. The scientific and technical instruments company reported $0.07 EPS for the quarter. Vishay Precision Group had a return on equity of 2.28% and a net margin of 1.85%.The company had revenue of $84.35 million during the quarter, compared to the consensus estimate of $77.08 million. On average, equities research analysts anticipate that Vishay Precision Group, Inc. will post 0.97 earnings per share for the current year.

Wall Street Analysts Forecast Growth

VPG has been the subject of several analyst reports. B. Riley Financial increased their target price on Vishay Precision Group from $63.00 to $109.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Zacks Research cut Vishay Precision Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. Weiss Ratings upgraded Vishay Precision Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, June 23rd. Lake Street Capital increased their price objective 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. Finally, Wall Street Zen upgraded shares of Vishay Precision Group from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $83.67.

About Vishay Precision Group

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.