Vicor (NASDAQ:VICR) Stock Rating Lowered by StockNews.com

Vicor (NASDAQ:VICR) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Sunday.

Other equities research analysts have also issued research reports about the company. Craig Hallum lowered their price objective on Vicor from $40.00 to $35.00 and set a “hold” rating for the company in a research note on Wednesday, April 24th. Needham & Company LLC reiterated a “hold” rating on shares of Vicor in a research note on Wednesday, April 24th.

Vicor Trading Down 0.3 %

Shares of Vicor stock opened at $34.30 on Friday. Vicor has a twelve month low of $30.90 and a twelve month high of $98.38. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 34.30 and a beta of 1.53. The company has a fifty day moving average price of $37.14 and a 200 day moving average price of $39.69.

Vicor (NASDAQ:VICR) last issued its earnings results on Tuesday, April 23rd. The electronics maker reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.04). The company had revenue of $83.80 million during the quarter, compared to analysts’ expectations of $84.83 million. Vicor had a return on equity of 8.48% and a net margin of 11.49%. Vicor’s quarterly revenue was down 14.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.25 EPS.

Insider Buying and Selling

In other Vicor news, VP Kemble D. Morrison sold 2,659 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $37.00, for a total value of $98,383.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, VP Kemble D. Morrison sold 2,659 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $37.00, for a total transaction of $98,383.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Robert Gendron sold 2,000 shares of the stock in a transaction on Friday, March 8th. The shares were sold at an average price of $36.83, for a total value of $73,660.00. Following the completion of the transaction, the vice president now owns 5,374 shares of the company’s stock, valued at approximately $197,924.42. The disclosure for this sale can be found here. Insiders sold 4,999 shares of company stock valued at $184,990 over the last 90 days. 31.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Vicor

Institutional investors and hedge funds have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its stake in shares of Vicor by 3.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 172,385 shares of the electronics maker’s stock valued at $10,152,000 after buying an additional 5,199 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Vicor in the 3rd quarter valued at $760,000. Teachers Retirement System of The State of Kentucky boosted its holdings in Vicor by 12.1% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 22,264 shares of the electronics maker’s stock worth $1,311,000 after purchasing an additional 2,400 shares in the last quarter. Aigen Investment Management LP bought a new position in shares of Vicor in the third quarter valued at approximately $1,241,000. Finally, Principal Financial Group Inc. lifted its stake in shares of Vicor by 105.9% in the third quarter. Principal Financial Group Inc. now owns 175,180 shares of the electronics maker’s stock worth $10,316,000 after buying an additional 90,099 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.