American Century Companies Inc. Acquires 77,418 Shares of Vishay Precision Group Inc (VPG)

American Century Companies Inc. lifted its holdings in Vishay Precision Group Inc (NYSE:VPG) by 283.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 104,725 shares of the scientific and technical instruments company’s stock after purchasing an additional 77,418 shares during the period. American Century Companies Inc. owned about 0.78% of Vishay Precision Group worth $3,917,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Simplex Trading LLC lifted its stake in shares of Vishay Precision Group by 173.4% in the 3rd quarter. Simplex Trading LLC now owns 3,483 shares of the scientific and technical instruments company’s stock worth $130,000 after purchasing an additional 2,209 shares during the period. Sawgrass Asset Management LLC purchased a new stake in Vishay Precision Group in the 2nd quarter worth approximately $221,000. JBF Capital Inc. purchased a new stake in Vishay Precision Group in the 2nd quarter worth approximately $229,000. GSA Capital Partners LLP purchased a new stake in Vishay Precision Group in the 2nd quarter worth approximately $231,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in Vishay Precision Group in the 2nd quarter worth approximately $242,000. Hedge funds and other institutional investors own 77.66% of the company’s stock.

Several equities research analysts recently issued reports on the stock. ValuEngine lowered shares of Vishay Precision Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 8th. B. Riley reissued a “buy” rating and issued a $53.00 target price (up from $40.00) on shares of Vishay Precision Group in a report on Monday, August 6th. Finally, Sidoti raised shares of Vishay Precision Group from a “neutral” rating to a “buy” rating in a report on Thursday, October 11th.

In related news, CFO William M. Clancy sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 30th. The shares were sold at an average price of $43.21, for a total value of $432,100.00. Following the completion of the sale, the chief financial officer now directly owns 19,575 shares of the company’s stock, valued at approximately $845,835.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 6.49% of the company’s stock.

Vishay Precision Group stock opened at $32.79 on Monday. The company has a market capitalization of $441.81 million, a P/E ratio of 28.76, a PEG ratio of 0.80 and a beta of 0.97. Vishay Precision Group Inc has a 12-month low of $23.65 and a 12-month high of $45.00. The company has a quick ratio of 2.83, a current ratio of 4.09 and a debt-to-equity ratio of 0.11.

Vishay Precision Group (NYSE:VPG) last released its earnings results on Tuesday, November 6th. The scientific and technical instruments company reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.08. The company had revenue of $75.49 million during the quarter, compared to analyst estimates of $73.60 million. Vishay Precision Group had a net margin of 8.45% and a return on equity of 12.63%. The firm’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.32 EPS. Analysts forecast that Vishay Precision Group Inc will post 2.05 EPS for the current year.

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Vishay Precision Group Company Profile

Vishay Precision Group, Inc designs, manufactures, and markets sensors, sensor-based measurement systems, specialty resistors, and strain gages in Asia, the United States, Israel, Europe, the United Kingdom, and Canada. It operates through three segments: Foil Technology Products, Force Sensors, and Weighing and Control Systems.

Read More: Buyback For Investors Defined

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Institutional Ownership by Quarter for Vishay Precision Group (NYSE:VPG)

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