Renaissance Technologies LLC Sells 6,700 Shares of Vishay Precision Group, Inc. (NYSE:VPG)

Renaissance Technologies LLC trimmed its stake in Vishay Precision Group, Inc. (NYSE:VPG) by 1.2% in the 2nd quarter, HoldingsChannel reports. The fund owned 568,773 shares of the scientific and technical instruments company’s stock after selling 6,700 shares during the quarter. Renaissance Technologies LLC’s holdings in Vishay Precision Group were worth $17,313,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Parallel Advisors LLC raised its position in shares of Vishay Precision Group by 225.0% in the 4th quarter. Parallel Advisors LLC now owns 741 shares of the scientific and technical instruments company’s stock worth $25,000 after acquiring an additional 513 shares in the last quarter. EntryPoint Capital LLC increased its position in Vishay Precision Group by 34.2% during the 1st quarter. EntryPoint Capital LLC now owns 4,111 shares of the scientific and technical instruments company’s stock valued at $145,000 after buying an additional 1,048 shares in the last quarter. State Board of Administration of Florida Retirement System acquired a new position in Vishay Precision Group during the 1st quarter valued at about $314,000. Quest Partners LLC acquired a new position in Vishay Precision Group during the 4th quarter valued at about $304,000. Finally, Quadrature Capital Ltd acquired a new position in Vishay Precision Group during the 4th quarter valued at about $321,000. 87.61% of the stock is owned by institutional investors.

Vishay Precision Group Stock Performance

Vishay Precision Group stock opened at $24.25 on Friday. The business’s 50-day simple moving average is $28.60 and its two-hundred day simple moving average is $31.33. The company has a market cap of $323.83 million, a PE ratio of 13.40 and a beta of 1.17. Vishay Precision Group, Inc. has a fifty-two week low of $23.50 and a fifty-two week high of $35.98.

Vishay Precision Group (NYSE:VPG) last posted its quarterly earnings results on Tuesday, August 6th. The scientific and technical instruments company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.01). The firm had revenue of $77.36 million for the quarter, compared to analysts’ expectations of $78.57 million. Vishay Precision Group had a net margin of 6.30% and a return on equity of 7.49%. During the same quarter in the previous year, the firm posted $0.58 EPS. As a group, analysts predict that Vishay Precision Group, Inc. will post 1.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports 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 raised Vishay Precision Group from a “hold” rating to a “buy” rating in a research report on Tuesday, September 3rd.

About Vishay Precision Group

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.