Vicor’s (VICR) “Hold (C)” Rating Reiterated at Weiss Ratings

Weiss Ratings restated their hold (c) rating on shares of Vicor (NASDAQ:VICR) in a research report released on Friday morning,Weiss Ratings reports.

A number of other brokerages also recently weighed in on VICR. Craig Hallum raised Vicor from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a research report on Wednesday, October 22nd. Wall Street Zen upgraded Vicor from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Finally, Needham & Company LLC set a $90.00 price target on Vicor and gave the company a “buy” rating in a research note on Wednesday. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $90.00.

Vicor Trading Down 2.7%

Shares of VICR opened at $90.44 on Friday. The company’s fifty day simple moving average is $54.00 and its 200 day simple moving average is $48.41. Vicor has a 1-year low of $38.92 and a 1-year high of $96.58. The company has a market cap of $4.06 billion, a price-to-earnings ratio of 49.42 and a beta of 1.73.

Vicor (NASDAQ:VICR) last announced its quarterly earnings data on Tuesday, October 21st. The electronics maker reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.43. The company had revenue of $110.42 million during the quarter, compared to the consensus estimate of $95.40 million. Vicor had a net margin of 18.63% and a return on equity of 13.77%. The company’s quarterly revenue was up 18.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.26 EPS.

Insider Buying and Selling

In other Vicor news, Director Andrew D’amico sold 14,677 shares of the stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $82.53, for a total transaction of $1,211,292.81. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO James F. Schmidt sold 5,241 shares of Vicor stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $81.90, for a total value of $429,237.90. Following the sale, the chief financial officer directly owned 875 shares of the company’s stock, valued at $71,662.50. This represents a 85.69% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,483 shares of company stock worth $1,759,381. 31.30% of the stock is owned by corporate insiders.

Institutional Trading of Vicor

Several hedge funds and other institutional investors have recently bought and sold shares of VICR. Cubist Systematic Strategies LLC bought a new stake in Vicor in the 1st quarter valued at about $1,160,000. Principal Financial Group Inc. boosted its stake in shares of Vicor by 2.5% in the first quarter. Principal Financial Group Inc. now owns 114,891 shares of the electronics maker’s stock valued at $5,375,000 after buying an additional 2,766 shares during the period. Nuveen LLC acquired a new stake in Vicor during the first quarter worth approximately $8,024,000. Jacobs Levy Equity Management Inc. increased its stake in Vicor by 19.8% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 32,706 shares of the electronics maker’s stock worth $1,530,000 after acquiring an additional 5,408 shares during the period. Finally, KBC Group NV bought a new position in Vicor during the 1st quarter worth $57,000. Institutional investors and hedge funds 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.