Vicor (NASDAQ:VICR) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of Vicor (NASDAQ:VICR) from a hold rating to a sell rating in a report issued on Friday.

Separately, Craig Hallum lowered shares of Vicor from a buy rating to a hold rating and set a $40.00 target price on the stock. in a report on Friday, February 23rd.

Vicor Stock Down 3.5 %

NASDAQ VICR opened at $35.31 on Friday. Vicor has a 12-month low of $35.00 and a 12-month high of $98.38. The firm has a 50-day moving average price of $38.92 and a two-hundred day moving average price of $41.32. The company has a market capitalization of $1.57 billion, a P/E ratio of 29.67 and a beta of 1.53.

Vicor (NASDAQ:VICR) last issued its quarterly earnings results on Thursday, February 22nd. The electronics maker reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.17). The company had revenue of $92.70 million for the quarter, compared to analyst estimates of $107.07 million. Vicor had a return on equity of 10.45% and a net margin of 13.23%. The company’s quarterly revenue was down 12.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.18 EPS.

Insider Buying and Selling at Vicor

In related news, VP Kemble D. Morrison sold 2,659 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $37.00, for a total transaction of $98,383.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, VP Robert Gendron sold 2,000 shares of the firm’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $36.83, for a total transaction of $73,660.00. Following the completion of the transaction, the vice president now owns 5,374 shares of the company’s stock, valued at $197,924.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Kemble D. Morrison sold 2,659 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $37.00, for a total transaction of $98,383.00. The disclosure for this sale can be found here. Insiders have sold a total of 4,999 shares of company stock worth $184,990 over the last 90 days. Insiders own 31.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Vicor by 13.0% during the fourth quarter. Vanguard Group Inc. now owns 2,477,438 shares of the electronics maker’s stock worth $111,336,000 after buying an additional 285,699 shares during the last quarter. BlackRock Inc. grew its stake in Vicor by 0.5% during the first quarter. BlackRock Inc. now owns 2,477,074 shares of the electronics maker’s stock worth $116,274,000 after purchasing an additional 11,706 shares during the period. Capital Research Global Investors increased its holdings in Vicor by 53.1% in the first quarter. Capital Research Global Investors now owns 1,625,517 shares of the electronics maker’s stock worth $114,680,000 after purchasing an additional 563,884 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Vicor by 1.0% during the 1st quarter. Invesco Ltd. now owns 1,312,499 shares of the electronics maker’s stock worth $92,596,000 after buying an additional 12,892 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Vicor by 2,183.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,296,582 shares of the electronics maker’s stock worth $76,356,000 after buying an additional 1,239,800 shares during the period. 47.45% of the stock is owned by institutional investors and hedge funds.

Vicor Company Profile

Vicor Corporation, together with its subsidiaries, designs, develops, manufactures, and markets modular power components and power systems for converting electrical power in the United States, Europe, the Asia Pacific, and internationally. The company offers a range of brick-format DC-DC converters; complementary components provide AC line rectification, input filtering, power factor correction, and transient protection; and input and output voltage, and output power products, as well as electrical and mechanical accessories.