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

StockNews.com cut shares of Vicor (NASDAQ:VICR) from a buy rating to a hold rating in a report published on Tuesday.

VICR has been the subject of several other reports. Needham & Company LLC reissued a “hold” rating on shares of Vicor in a research note on Tuesday, February 18th. Craig Hallum raised Vicor from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th.

Vicor Price Performance

Vicor stock opened at $59.17 on Tuesday. The stock has a market capitalization of $2.67 billion, a PE ratio of 113.79 and a beta of 1.51. The business has a 50 day simple moving average of $52.62 and a 200-day simple moving average of $48.29. Vicor has a 12 month low of $30.90 and a 12 month high of $65.70.

Vicor (NASDAQ:VICR) last posted its quarterly earnings data on Thursday, February 20th. The electronics maker reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.05. The business had revenue of $96.17 million for the quarter, compared to the consensus estimate 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, CAO Quentin A. Fendelet sold 440 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $61.71, for a total value of $27,152.40. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Andrew D’amico sold 4,000 shares of the stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $59.75, for a total value of $239,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,642 shares of company stock worth $819,890. Company insiders own 31.00% of the company’s stock.

Hedge Funds Weigh In On Vicor

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Harbor Capital Advisors Inc. purchased a new stake in shares of Vicor during the 4th quarter worth $1,557,000. Barclays PLC grew its stake in Vicor by 361.6% during the 3rd quarter. Barclays PLC now owns 39,397 shares of the electronics maker’s stock worth $1,658,000 after buying an additional 30,863 shares during the last quarter. Savant Capital LLC acquired a new stake in shares of Vicor in the fourth quarter valued at approximately $223,000. Charles Schwab Investment Management Inc. boosted its stake in Vicor by 6.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 206,713 shares of the electronics maker’s stock worth $8,703,000 after purchasing an additional 12,203 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of Vicor by 6.3% during the third quarter. Geode Capital Management LLC now owns 572,195 shares of the electronics maker’s stock worth $24,094,000 after buying an additional 33,696 shares during the last quarter. Hedge funds and other institutional investors own 47.45% of the company’s stock.

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.