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

Vicor (NASDAQ:VICR) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

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

Vicor Stock Down 3.2 %

Shares of VICR opened at $36.58 on Friday. The business’s 50 day moving average is $38.97 and its two-hundred day moving average is $41.60. Vicor has a 52-week low of $35.00 and a 52-week high of $98.38. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 30.74 and a beta of 1.53.

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

Insider Buying and Selling

In related news, VP Robert Gendron sold 2,000 shares of the company’s stock in a transaction 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 completion of the transaction, the vice president now directly owns 5,374 shares in the company, valued at approximately $197,924.42. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, VP Kemble D. Morrison sold 2,659 shares of the company’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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Robert Gendron sold 2,000 shares of the company’s stock in a transaction 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 transaction, the vice president now owns 5,374 shares of the company’s stock, valued at $197,924.42. The disclosure for this sale can be found here. Insiders sold a total of 4,999 shares of company stock worth $184,990 in the last three months. 31.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Price T Rowe Associates Inc. MD grew its stake in shares of Vicor by 2.6% in the second quarter. Price T Rowe Associates Inc. MD now owns 8,352 shares of the electronics maker’s stock worth $457,000 after purchasing an additional 212 shares in the last quarter. Alliancebernstein L.P. boosted its stake in Vicor by 0.5% during the fourth quarter. Alliancebernstein L.P. now owns 46,278 shares of the electronics maker’s stock valued at $2,487,000 after buying an additional 220 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Vicor by 37.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,111 shares of the electronics maker’s stock valued at $50,000 after buying an additional 303 shares in the last quarter. Royal Bank of Canada boosted its stake in Vicor by 51.8% during the third quarter. Royal Bank of Canada now owns 894 shares of the electronics maker’s stock valued at $53,000 after buying an additional 305 shares in the last quarter. Finally, Federated Hermes Inc. boosted its stake in Vicor by 51.9% during the third quarter. Federated Hermes Inc. now owns 992 shares of the electronics maker’s stock valued at $59,000 after buying an additional 339 shares in the last quarter. Institutional investors own 47.45% of the company’s stock.

About Vicor

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.