Vicor (NASDAQ:VICR) was upgraded by equities research analysts at TheStreet from a “c+” rating to a “b-” rating in a report issued on Wednesday, November 20th, TheStreetRatingsTable reports.
Several other brokerages also recently weighed in on VICR. ValuEngine downgraded shares of Vicor from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Craig Hallum started coverage on Vicor in a research note on Monday, August 12th. They set a “buy” rating and a $43.00 price objective for the company. Needham & Company LLC lifted their price target on 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 target price on shares of Vicor and gave the company a “buy” rating in a research note on Friday, October 18th. Finally, BidaskClub raised shares of Vicor from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $40.60.
NASDAQ:VICR opened at $41.27 on Wednesday. Vicor has a 52 week low of $26.50 and a 52 week high of $49.27. The firm has a 50 day moving average of $37.72 and a 200 day moving average of $32.50. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 52.91 and a beta of 0.74.
Vicor (NASDAQ:VICR) last issued its quarterly earnings results on Thursday, October 17th. The electronics maker reported $0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.01). The business had revenue of $70.77 million for 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%. On average, equities analysts anticipate that Vicor will post 0.45 earnings per share for the current fiscal year.
In related news, Director Samuel J. Anderson sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $40.00, for a total value of $200,000.00. Following the completion of the transaction, the director now directly owns 5,223 shares in the company, valued at $208,920. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Alex Gusinov sold 700 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $37.50, for a total value of $26,250.00. Following the completion of the transaction, the vice president now directly owns 12,360 shares in the company, valued at approximately $463,500. The disclosure for this sale can be found here. Insiders sold 31,701 shares of company stock worth $1,164,275 over the last ninety days. Corporate insiders own 56.06% of the company’s stock.
A number of hedge funds have recently made changes to their positions in VICR. Capital Impact Advisors LLC grew its holdings in shares of Vicor by 12.1% in the 2nd quarter. Capital Impact Advisors LLC now owns 55,265 shares of the electronics maker’s stock worth $1,620,000 after acquiring an additional 5,968 shares during the period. Commonwealth Equity Services LLC grew 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 during the last quarter. Artemis Investment Management LLP increased its holdings in Vicor by 58.2% during 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. raised its position in Vicor by 122.5% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 24,630 shares of the electronics maker’s stock worth $765,000 after acquiring an additional 13,560 shares during the last quarter. Finally, Aperio Group LLC acquired a new position in Vicor during the second quarter worth about $54,000. 28.33% of the stock is currently owned by hedge funds and other institutional investors.
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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