StockNews.com Upgrades Vicor (NASDAQ:VICR) to Hold

StockNews.com upgraded shares of Vicor (NASDAQ:VICR) from a sell rating to a hold rating in a research report sent to investors on Saturday.

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

Vicor Stock Up 1.6 %

Shares of NASDAQ VICR opened at $35.18 on Friday. The business has a 50-day simple moving average of $38.12 and a two-hundred day simple moving average of $40.36. Vicor has a 52 week low of $33.70 and a 52 week high of $98.38. The company has a market cap of $1.56 billion, a P/E ratio of 29.56 and a beta of 1.53.

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

Insider Transactions at Vicor

In other news, VP Robert Gendron sold 2,000 shares of Vicor stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $36.83, for a total value of $73,660.00. Following the sale, the vice president now directly owns 5,374 shares in the company, valued at approximately $197,924.42. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, VP Robert Gendron sold 2,000 shares of Vicor stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $36.83, for a total transaction of $73,660.00. Following the sale, the vice president now directly owns 5,374 shares in the company, valued at $197,924.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Kemble D. Morrison sold 2,659 shares of Vicor stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $37.00, for a total value of $98,383.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,999 shares of company stock worth $184,990. 31.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Vicor

Several hedge funds have recently added to or reduced their stakes in the stock. Byrne Asset Management LLC purchased a new position in shares of Vicor in the fourth quarter worth $35,000. PNC Financial Services Group Inc. raised its stake in shares of Vicor by 37.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,111 shares of the electronics maker’s stock worth $50,000 after purchasing an additional 303 shares during the last quarter. New Mexico Educational Retirement Board purchased a new position in shares of Vicor in the first quarter worth $172,000. Acadian Asset Management LLC raised its stake in shares of Vicor by 30.0% in the third quarter. Acadian Asset Management LLC now owns 3,056 shares of the electronics maker’s stock worth $178,000 after purchasing an additional 706 shares during the last quarter. Finally, Federated Hermes Inc. raised its stake in shares of Vicor by 913.5% in the third quarter. Federated Hermes Inc. now owns 3,456 shares of the electronics maker’s stock worth $204,000 after purchasing an additional 3,115 shares during the last quarter. 47.45% of the stock is owned by institutional investors.

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.