Vicor (NASDAQ:VICR) was upgraded by stock analysts at TheStreet from a “c+” rating to a “b-” rating in a report issued on Wednesday, November 20th, TheStreetRatingsTable reports.
Several other equities analysts have also weighed in on the stock. Needham & Company LLC raised their price objective on shares of Vicor from $42.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Northland Securities set a $39.00 price target on Vicor and gave the company a “buy” rating in a report on Friday, October 18th. ValuEngine downgraded Vicor from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Craig Hallum started coverage on shares of Vicor in a research note on Monday, August 12th. They issued a “buy” rating and a $43.00 price objective on the stock. Finally, Zacks Investment Research upgraded shares of Vicor from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Vicor presently has a consensus rating of “Buy” and an average target price of $40.60.
VICR stock opened at $41.07 on Wednesday. The firm has a 50-day moving average of $36.37 and a two-hundred day moving average of $32.22. The firm has a market capitalization of $1.66 billion, a PE ratio of 52.65 and a beta of 0.68. Vicor has a one year low of $26.50 and a one year high of $49.27.
Vicor (NASDAQ:VICR) last posted its quarterly earnings results on Thursday, October 17th. The electronics maker reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). The company had revenue of $70.77 million during the quarter, compared to analysts’ expectations of $71.00 million. Vicor had a return on equity of 10.21% and a net margin of 7.20%. As a group, analysts forecast that Vicor will post 0.45 EPS for the current year.
In related news, VP Claudio Tuozzolo sold 7,325 shares of Vicor stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $39.60, for a total value of $290,070.00. Following the completion of the sale, the vice president now directly owns 33,989 shares in the company, valued at $1,345,964.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Samuel J. Anderson sold 5,000 shares of the business’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $40.00, for a total value of $200,000.00. Following the transaction, the director now owns 5,223 shares of the company’s stock, valued at $208,920. The disclosure for this sale can be found here. Insiders sold 37,011 shares of company stock valued at $1,331,420 over the last ninety days. 56.06% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of VICR. Capital Impact Advisors LLC lifted its stake in Vicor by 12.1% in the 2nd quarter. Capital Impact Advisors LLC now owns 55,265 shares of the electronics maker’s stock valued at $1,620,000 after acquiring an additional 5,968 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in Vicor by 4.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 25,239 shares of the electronics maker’s stock valued at $783,000 after acquiring an additional 1,050 shares in the last quarter. Artemis Investment Management LLP lifted its stake in Vicor by 58.2% in the 2nd quarter. Artemis Investment Management LLP now owns 239,808 shares of the electronics maker’s stock valued at $7,250,000 after acquiring an additional 88,179 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its stake in Vicor by 122.5% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 24,630 shares of the electronics maker’s stock valued at $765,000 after acquiring an additional 13,560 shares in the last quarter. Finally, Aperio Group LLC bought a new stake in shares of Vicor during the 2nd quarter worth approximately $54,000. Institutional investors and hedge funds own 28.33% of the company’s stock.
About Vicor
Vicor Corporation designs, develops, manufactures, and markets modular power components and power systems for converting electrical power worldwide. It operates through Brick Business Unit, VI Chip, and Picor segments. The company offers a range of brick-format DC-DC converters and configurable products; complementary components; and input and output voltage, and output power products, as well as electrical and mechanical accessories.
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