Vicor (NASDAQ:VICR) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of Vicor (NASDAQ:VICR) from a buy rating to a hold rating in a report published on Monday morning.

Separately, Needham & Company LLC reaffirmed a “hold” rating on shares of Vicor in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $43.00.

Vicor Stock Down 0.4%

Shares of Vicor stock opened at $51.32 on Monday. Vicor has a fifty-two week low of $34.27 and a fifty-two week high of $65.70. The firm has a market cap of $2.31 billion, a PE ratio of 35.15 and a beta of 1.73. The business’s fifty day moving average is $46.88 and its two-hundred day moving average is $47.86.

Vicor (NASDAQ:VICR) last issued its quarterly earnings results on Tuesday, July 22nd. The electronics maker reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.73. Vicor had a return on equity of 11.32% and a net margin of 15.44%.The company had revenue of $141.05 million for the quarter, compared to analyst estimates of $96.43 million. During the same quarter in the prior year, the company posted $0.10 EPS. The business’s revenue for the quarter was up 64.3% compared to the same quarter last year.

Insider Transactions at Vicor

In related news, Director Andrew D’amico sold 5,813 shares of the stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $63.00, for a total value of $366,219.00. Following the completion of the sale, the director directly owned 1,217 shares in the company, valued at approximately $76,671. This represents a 82.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 31.30% of the company’s stock.

Institutional Trading of Vicor

Several large investors have recently modified their holdings of VICR. JPMorgan Chase & Co. grew its stake in shares of Vicor by 15.6% during the first quarter. JPMorgan Chase & Co. now owns 4,446,226 shares of the electronics maker’s stock valued at $207,994,000 after acquiring an additional 598,896 shares in the last quarter. Summit Partners Public Asset Management LLC acquired a new stake in shares of Vicor during the fourth quarter valued at about $17,787,000. Millennium Management LLC grew its stake in shares of Vicor by 4,634.5% during the first quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock valued at $12,379,000 after acquiring an additional 259,022 shares in the last quarter. Ashford Capital Management Inc. grew its stake in shares of Vicor by 885.7% during the first quarter. Ashford Capital Management Inc. now owns 238,045 shares of the electronics maker’s stock valued at $11,136,000 after acquiring an additional 213,895 shares in the last quarter. Finally, Nuveen LLC acquired a new position in Vicor in the first quarter worth about $8,024,000. 47.45% of the stock is currently owned by institutional investors and hedge funds.

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.