Vicor (NASDAQ:VICR) Raised to “Hold” at StockNews.com

Vicor (NASDAQ:VICR) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Saturday.

Separately, Craig Hallum lowered 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 Trading Down 2.2 %

VICR stock opened at $33.87 on Friday. The firm has a market capitalization of $1.51 billion, a PE ratio of 28.46 and a beta of 1.53. Vicor has a 1-year low of $33.70 and a 1-year high of $98.38. The business’s 50 day simple moving average is $38.41 and its 200 day simple moving average is $40.89.

Vicor (NASDAQ:VICR) last posted its earnings results on Thursday, February 22nd. The electronics maker reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.17). The business 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 firm’s revenue was down 12.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.18 earnings per share.

Insider Buying and Selling at Vicor

In other Vicor 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 value of $73,660.00. Following the transaction, the vice president now directly owns 5,374 shares of the company’s stock, valued at approximately $197,924.42. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, VP Robert Gendron sold 2,000 shares of the 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 sale, the vice president now directly owns 5,374 shares of the company’s stock, valued at approximately $197,924.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Kemble D. Morrison sold 2,659 shares of the stock in a transaction on Monday, February 26th. The stock was 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. Insiders have sold a total of 4,999 shares of company stock valued at $184,990 in the last ninety days. 31.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Vicor

Large investors have recently modified their holdings of the stock. Byrne Asset Management LLC acquired a new stake in shares of Vicor during the 4th quarter worth $35,000. PNC Financial Services Group Inc. grew its holdings in shares of Vicor by 77.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 817 shares of the electronics maker’s stock worth $44,000 after purchasing an additional 356 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of Vicor by 51.8% during the 3rd quarter. Royal Bank of Canada now owns 894 shares of the electronics maker’s stock worth $53,000 after purchasing an additional 305 shares in the last quarter. Federated Hermes Inc. grew its holdings in shares of Vicor by 51.9% during the 3rd quarter. Federated Hermes Inc. now owns 992 shares of the electronics maker’s stock worth $59,000 after purchasing an additional 339 shares in the last quarter. Finally, Captrust Financial Advisors lifted its position in shares of Vicor by 109.3% during the 1st quarter. Captrust Financial Advisors now owns 898 shares of the electronics maker’s stock worth $63,000 after buying an additional 469 shares during the last quarter. 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.