Vicor (NASDAQ:VICR) Upgraded to “Hold” at Zacks Research

Zacks Research upgraded shares of Vicor (NASDAQ:VICR) to a hold rating in a research report report published on Tuesday morning,Zacks.com reports.

A number of other equities analysts have also recently issued reports on the stock. Craig Hallum upgraded shares of Vicor from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a research note on Wednesday, October 22nd. Wall Street Zen cut shares of Vicor from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Vicor in a report on Wednesday, October 8th. Roth Capital began coverage on shares of Vicor in a research report on Tuesday. They set a “buy” rating and a $115.00 price target for the company. Finally, Needham & Company LLC set a $90.00 price objective on shares of Vicor and gave the stock a “buy” rating in a report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $98.33.

Vicor Stock Up 4.0%

Shares of VICR opened at $97.19 on Tuesday. The stock has a market cap of $4.34 billion, a P/E ratio of 53.11 and a beta of 1.94. The business’s 50 day moving average price is $85.11 and its 200-day moving average price is $60.93. Vicor has a 52 week low of $38.92 and a 52 week high of $102.19.

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

Insider Activity

In related news, VP Philip D. Davies sold 15,763 shares of the stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $92.07, for a total transaction of $1,451,299.41. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Andrew D’amico sold 14,677 shares of the firm’s stock in a transaction that occurred 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 SEC filing for this sale provides additional information. Insiders sold 172,791 shares of company stock valued at $15,776,939 over the last three months. Corporate insiders own 31.30% of the company’s stock.

Institutional Trading of Vicor

Several large investors have recently modified their holdings of the company. Millennium Management LLC boosted its holdings in shares of Vicor by 4,634.5% in the first quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock worth $12,379,000 after buying an additional 259,022 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in Vicor by 1,921.4% in the third quarter. Arrowstreet Capital Limited Partnership now owns 267,882 shares of the electronics maker’s stock worth $13,319,000 after acquiring an additional 254,630 shares during the period. CIBC Bancorp USA Inc. purchased a new position in shares of Vicor during the 3rd quarter worth $12,625,000. Ashford Capital Management Inc. grew its position in shares of Vicor by 885.7% during the 1st 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 during the period. Finally, Nuveen LLC bought a new stake in shares of Vicor during the 1st quarter valued at $8,024,000. 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.