Vicor (NASDAQ:VICR) Earns Hold Rating from Needham & Company LLC

Vicor (NASDAQ:VICR)‘s stock had its “hold” rating reissued by investment analysts at Needham & Company LLC in a research note issued to investors on Wednesday, Benzinga reports.

VICR has been the topic of a number of other research reports. StockNews.com upgraded shares of Vicor from a “sell” rating to a “hold” rating in a report on Saturday, April 20th. Craig Hallum lowered shares of Vicor from a “buy” rating to a “hold” rating and set a $40.00 price target on the stock. in a report on Friday, February 23rd.

Vicor Price Performance

VICR stock opened at $33.48 on Wednesday. Vicor has a 12 month low of $30.90 and a 12 month high of $98.38. The firm has a 50 day simple moving average of $37.65 and a 200 day simple moving average of $40.25. The firm has a market cap of $1.49 billion, a PE ratio of 33.48 and a beta of 1.53.

Vicor (NASDAQ:VICR) last released its quarterly earnings results on Tuesday, April 23rd. The electronics maker reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.04). Vicor had a net margin of 11.49% and a return on equity of 8.59%. The firm had revenue of $83.80 million for the quarter, compared to analyst estimates of $84.83 million. During the same quarter in the prior year, the firm earned $0.25 EPS. The firm’s revenue was down 14.3% compared to the same quarter last year.

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 that occurred on Friday, March 8th. The shares were 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 in the company, valued at approximately $197,924.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Vicor news, VP Kemble D. Morrison sold 2,659 shares of the business’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 value of $98,383.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Robert Gendron sold 2,000 shares of the business’s 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 completion of the sale, the vice president now directly owns 5,374 shares of the company’s stock, valued at $197,924.42. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,999 shares of company stock worth $184,990. 31.30% of the stock is currently owned by company insiders.

Institutional Trading of Vicor

Several large investors have recently added to or reduced their stakes in VICR. Vanguard Group Inc. grew its position in Vicor by 13.0% in the fourth quarter. Vanguard Group Inc. now owns 2,477,438 shares of the electronics maker’s stock worth $111,336,000 after acquiring an additional 285,699 shares in the last quarter. Eagle Asset Management Inc. bought a new stake in Vicor in the third quarter worth approximately $12,335,000. Principal Financial Group Inc. grew its position in Vicor by 105.9% in the third quarter. Principal Financial Group Inc. now owns 175,180 shares of the electronics maker’s stock worth $10,316,000 after acquiring an additional 90,099 shares in the last quarter. AWM Investment Company Inc. grew its position in Vicor by 54.8% in the third quarter. AWM Investment Company Inc. now owns 204,960 shares of the electronics maker’s stock worth $12,070,000 after acquiring an additional 72,526 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its position in Vicor by 84.0% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 149,747 shares of the electronics maker’s stock worth $8,819,000 after acquiring an additional 68,361 shares in 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.