B. Riley lowered the firm’s price target on Vishay Precision to $37 from $41 and keeps a Buy rating on the shares post the Q4 report. The higher than anticipated operating expenses aside, Vishay is seeing ongoing improvements in gross margins despite what was a challenging macro environment in 2023, the analyst tells investors in a research note. The firm expects further progress on this front in 2024 given ongoing transition projects to shift manufacturing to lower-cost locations.
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Read More on VPG:
- VPG Reports Fiscal 2023 Fourth Quarter and Twelve Month Results
- Vishay Precision sees Q1 revenue $80M-$90M, one estimate $83.74M
- Vishay Precision reports Q4 adjusted EPS 61c vs. 76c last year
- Is VPG a Buy, Before Earnings?
- Vishay Precision Group Announces Date for Its Fourth Quarter and Full Year Fiscal 2023 Earnings Conference Call
