StockNews.com Upgrades Vicor (NASDAQ:VICR) to “Buy”

Vicor (NASDAQ:VICR) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Monday.

A number of other equities analysts also recently commented on the company. Needham & Company LLC restated a “hold” rating on shares of Vicor in a report on Tuesday, February 18th. Craig Hallum raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th.

Vicor Stock Performance

Shares of NASDAQ VICR traded down $3.32 during mid-day trading on Monday, hitting $60.35. The stock had a trading volume of 459,943 shares, compared to its average volume of 267,701. The business has a 50 day moving average price of $50.86 and a two-hundred day moving average price of $46.92. Vicor has a 1 year low of $30.90 and a 1 year high of $65.50. The firm has a market cap of $2.72 billion, a P/E ratio of 116.06 and a beta of 1.51.

Vicor (NASDAQ:VICR) last released its quarterly earnings data on Thursday, February 20th. The electronics maker reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.05. The firm had revenue of $96.17 million for the quarter, compared to analysts’ expectations of $91.03 million. Vicor had a net margin of 6.46% and a return on equity of 4.29%.

Insider Buying and Selling

In other Vicor news, Director Andrew D’amico sold 2,000 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $51.91, for a total value of $103,820.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Estia J. Eichten sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $55.51, for a total transaction of $444,080.00. Following the transaction, the director now directly owns 230,267 shares of the company’s stock, valued at $12,782,121.17. This represents a 3.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,000 shares of company stock valued at $786,900 over the last ninety days. Company insiders own 31.00% of the company’s stock.

Hedge Funds Weigh In On Vicor

Institutional investors and hedge funds have recently modified their holdings of the stock. Invesco LLC purchased a new stake in Vicor during the 3rd quarter valued at $205,000. Victory Capital Management Inc. lifted its holdings in shares of Vicor by 14.2% during the third quarter. Victory Capital Management Inc. now owns 9,683 shares of the electronics maker’s stock valued at $408,000 after purchasing an additional 1,201 shares in the last quarter. Intech Investment Management LLC purchased a new stake in shares of Vicor during the third quarter valued at $230,000. Charles Schwab Investment Management Inc. increased its holdings in Vicor by 6.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 206,713 shares of the electronics maker’s stock worth $8,703,000 after buying an additional 12,203 shares in the last quarter. Finally, West Tower Group LLC bought a new stake in Vicor in the 3rd quarter worth about $295,000. 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.