Needham & Company LLC Reaffirms Hold Rating for Vicor (NASDAQ:VICR)

Needham & Company LLC reiterated their hold rating on shares of Vicor (NASDAQ:VICR) in a research report sent to investors on Wednesday, Benzinga reports.

Vicor Stock Down 0.2 %

Shares of VICR stock opened at $46.32 on Wednesday. The firm has a market cap of $2.06 billion, a P/E ratio of 46.32 and a beta of 1.51. The business has a 50-day moving average price of $39.51 and a two-hundred day moving average price of $36.67. Vicor has a 12-month low of $30.90 and a 12-month high of $51.89.

Vicor (NASDAQ:VICR) last issued its earnings results on Tuesday, October 22nd. The electronics maker reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.13. The business had revenue of $93.17 million during the quarter, compared to analyst estimates of $85.23 million. Vicor had a return on equity of 4.03% and a net margin of 6.08%. Vicor’s revenue for the quarter was down 13.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.37 earnings per share.

Insiders Place Their Bets

In other news, VP Philip D. Davies sold 23,494 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $35.83, for a total transaction of $841,790.02. Following the transaction, the vice president now directly owns 15,763 shares of the company’s stock, valued at approximately $564,788.29. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 31.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Headlands Technologies LLC raised its holdings in Vicor by 98.8% during the 2nd quarter. Headlands Technologies LLC now owns 1,147 shares of the electronics maker’s stock valued at $38,000 after buying an additional 570 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Vicor by 202.4% during the third quarter. GAMMA Investing LLC now owns 1,001 shares of the electronics maker’s stock valued at $42,000 after acquiring an additional 670 shares during the last quarter. Eastern Bank purchased a new stake in shares of Vicor during the third quarter worth about $42,000. PNC Financial Services Group Inc. grew its stake in shares of Vicor by 37.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,111 shares of the electronics maker’s stock worth $50,000 after purchasing an additional 303 shares during the last quarter. Finally, Point72 DIFC Ltd increased its holdings in Vicor by 66.7% during the 2nd quarter. Point72 DIFC Ltd now owns 2,191 shares of the electronics maker’s stock valued at $73,000 after purchasing an additional 877 shares during the period. Institutional investors own 47.45% of the company’s stock.

Vicor Company Profile

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.