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

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

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

Vicor Stock Down 2.2 %

Shares of VICR opened at $33.87 on Friday. The firm has a 50-day moving average price of $38.41 and a 200 day moving average price of $40.89. 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 52-week low of $33.70 and a 52-week high of $98.38.

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

Insider Activity

In other news, VP Robert Gendron sold 2,000 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were 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 owns 5,374 shares in the company, valued at approximately $197,924.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Vicor news, VP Kemble D. Morrison sold 2,659 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $37.00, for a total transaction of $98,383.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Robert Gendron sold 2,000 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were 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 $197,924.42. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,999 shares of company stock worth $184,990. Corporate insiders own 31.30% of the company’s stock.

Institutional Trading of Vicor

A number of hedge funds have recently bought and sold shares of the company. Byrne Asset Management LLC purchased a new stake in shares of Vicor in the fourth quarter worth approximately $35,000. PNC Financial Services Group Inc. lifted its position in shares of Vicor by 77.2% in the second 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 lifted its position in shares of Vicor by 51.8% in the third 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. lifted its position in shares of Vicor by 51.9% in the third 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% in the first quarter. Captrust Financial Advisors now owns 898 shares of the electronics maker’s stock worth $63,000 after purchasing an additional 469 shares in the last quarter. 47.45% of the stock is owned by hedge funds and other 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.