Vicor (NASDAQ:VICR) Downgraded by StockNews.com to “Sell”

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

A number of other equities research analysts have also commented on VICR. Needham & Company LLC restated a hold rating on shares of Vicor in a research report on Wednesday, April 24th. Craig Hallum decreased their target price on Vicor from $40.00 to $35.00 and set a hold rating on the stock in a report on Wednesday, April 24th.

Vicor Stock Performance

Shares of NASDAQ:VICR opened at $33.21 on Wednesday. The company’s fifty day moving average is $35.98 and its 200-day moving average is $38.77. Vicor has a 52 week low of $30.90 and a 52 week high of $98.38. The company has a market capitalization of $1.48 billion, a PE ratio of 33.21 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 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.04). The firm had revenue of $83.80 million during the quarter, compared to analyst estimates of $84.83 million. Vicor had a net margin of 11.49% and a return on equity of 8.55%. Vicor’s quarterly revenue was down 14.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.25 earnings per share.

Insider Activity at Vicor

In other news, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP Robert Gendron sold 2,000 shares of the 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 directly owns 5,374 shares in the company, valued at $197,924.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Kemble D. Morrison sold 2,659 shares of Vicor 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 sold a total of 6,276 shares of company stock valued at $228,293 over the last quarter. Corporate insiders own 31.30% of the company’s stock.

Institutional Inflows and Outflows

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

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.