Vicor (NASDAQ:VICR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Vicor (NASDAQ:VICR) from a hold rating to a buy rating in a report released on Saturday,Wall Street Zen reports.

A number of other equities research analysts have also commented on the company. Zacks Research raised Vicor from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 1st. Craig Hallum lifted their price objective on Vicor to $450.00 and gave the company a “buy” rating in a report on Monday, June 22nd. Roth Capital reiterated a “buy” rating and issued a $375.00 price objective on shares of Vicor in a research report on Tuesday, September 22nd. Weiss Ratings cut Vicor from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, September 18th. Finally, Needham & Company LLC increased their target price on Vicor from $320.00 to $350.00 and gave the stock a “buy” rating in a research note on Thursday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Vicor has a consensus rating of “Buy” and a consensus price target of $391.67.

Vicor Trading Down 2.5%

Shares of Vicor stock opened at $259.40 on Friday. The company has a market capitalization of $11.96 billion, a PE ratio of 83.14 and a beta of 2.37. Vicor has a 12 month low of $49.83 and a 12 month high of $382.65. The stock’s fifty day simple moving average is $228.49 and its 200 day simple moving average is $248.03.

Vicor (NASDAQ:VICR) last posted its earnings results on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.39. Vicor had a return on equity of 19.83% and a net margin of 30.65%. The firm had revenue of $143.35 million for the quarter, compared to analyst estimates of $138.37 million. During the same period in the previous year, the company posted $0.91 earnings per share. The company’s revenue for the quarter was up 49.3% on a year-over-year basis. Analysts predict that Vicor will post 4.07 EPS for the current fiscal year.

Insider Activity at Vicor

In related news, CEO Patrizio Vinciarelli sold 20,000 shares of the company’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $316.13, for a total value of $6,322,600.00. Following the completion of the transaction, the chief executive officer directly owned 8,307,390 shares of the company’s stock, valued at approximately $2,626,215,200.70. This represents a 0.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Zmira Lavie sold 908 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $250.00, for a total value of $227,000.00. Following the transaction, the director owned 908 shares of the company’s stock, valued at approximately $227,000. This trade represents a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 27,053 shares of company stock valued at $7,745,984. 28.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of VICR. BlackRock Inc. acquired a new stake in Vicor in the 2nd quarter valued at approximately $934,612,000. Andar Capital Management HK Ltd bought a new position in shares of Vicor during the 2nd quarter worth approximately $101,100,000. The Manufacturers Life Insurance Company raised its holdings in shares of Vicor by 39.6% in the first quarter. The Manufacturers Life Insurance Company now owns 603,364 shares of the electronics maker’s stock valued at $97,142,000 after purchasing an additional 171,175 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Vicor by 43.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 536,274 shares of the electronics maker’s stock valued at $86,340,000 after purchasing an additional 162,186 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of Vicor in the second quarter worth $53,161,000. 47.45% of the stock is owned by institutional investors and hedge funds.

Vicor Company Profile

Vicor Corporation (NASDAQ:VICR) designs, develops, manufactures and markets modular power-conversion products and systems. Its technologies are used to convert, regulate and distribute electrical power in electronic equipment, with an emphasis on compact, efficient and scalable power-delivery architectures.

The company’s product portfolio includes AC-to-DC and DC-to-DC converters, power modules, power systems and related components. Vicor’s Factorized Power Architecture and associated products are designed to support power delivery from the source to processors, memory, communications equipment and other demanding loads.

Founded in 1981 and headquartered in Andover, Massachusetts, Vicor serves customers and markets worldwide.