Vicor (NASDAQ:VICR) Upgraded at Zacks Research

Vicor (NASDAQ:VICR – Get Free Report) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Thursday, Zacks reports.

Several other research analysts have also recently issued reports on VICR. Needham & Company LLC increased their price objective on shares of Vicor from $320.00 to $350.00 and gave the company a “buy” rating in a report on Thursday. Craig Hallum boosted their target price on Vicor to $450.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Weiss Ratings downgraded Vicor from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, September 18th. Finally, Roth Capital reaffirmed a “buy” rating and set a $375.00 price target on shares of Vicor in a research note on Tuesday, September 22nd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $391.67.

Check Out Our Latest Stock Analysis on VICR

Vicor Stock Up 0.1%

VICR stock opened at $308.90 on Thursday. The company has a market capitalization of $14.24 billion, a P/E ratio of 99.01 and a beta of 2.37. The company has a 50-day simple moving average of $219.16 and a 200 day simple moving average of $243.54. Vicor has a fifty-two week low of $48.53 and a fifty-two week high of $382.65.

Vicor (NASDAQ:VICR – Get Free Report) last released its earnings results on Tuesday, July 21st. The electronics maker reported $1.04 EPS for the quarter, beating the consensus estimate of $0.65 by $0.39. The firm had revenue of $143.35 million for the quarter, compared to analysts’ expectations of $138.37 million. Vicor had a net margin of 30.65% and a return on equity of 19.83%. Vicor’s quarterly revenue was up 49.3% on a year-over-year basis. During the same quarter last year, the company earned $0.91 EPS. Equities analysts anticipate that Vicor will post 3.76 EPS for the current year.

Insider Buying and Selling

In related news, Director Zmira Lavie sold 908 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $250.00, for a total transaction of $227,000.00. Following the completion of the sale, the director directly owned 908 shares of the company’s stock, valued at $227,000. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Patrizio Vinciarelli sold 700 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $302.40, for a total transaction of $211,680.00. Following the sale, the chief executive officer owned 8,347,390 shares of the company’s stock, valued at $2,524,250,736. The trade was a 0.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 7,753 shares of company stock worth $1,635,064 in the last ninety days. 28.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Vicor

Institutional investors and hedge funds have recently modified their holdings of the stock. Andar Capital Management HK Ltd purchased a new position in shares of Vicor during the second quarter valued at $101,100,000. BlackRock Inc. purchased a new stake in Vicor in the 2nd quarter worth about $934,612,000. The Manufacturers Life Insurance Company lifted its stake in Vicor by 39.6% in the 1st quarter. The Manufacturers Life Insurance Company now owns 603,364 shares of the electronics maker’s stock worth $97,142,000 after acquiring an additional 171,175 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Vicor by 43.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 536,274 shares of the electronics maker’s stock worth $86,340,000 after acquiring an additional 162,186 shares during the period. Finally, Ashford Capital Management Inc. boosted its position in Vicor by 57.1% during the 4th quarter. Ashford Capital Management Inc. now owns 353,856 shares of the electronics maker’s stock worth $38,783,000 after acquiring an additional 128,664 shares during the period. 47.45% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Vicor

Here are the key news stories impacting Vicor this week:

About Vicor

(Get Free Report)

Vicor Corporation (NASDAQ:VICR) designs, develops, manufactures and markets modular power-conversion products and systems. Its technologies are used to convert, regulate and distribute electrical power in electronic equipment, with an emphasis on compact, efficient and scalable power-delivery architectures.

The company’s product portfolio includes AC-to-DC and DC-to-DC converters, power modules, power systems and related components. Vicor’s Factorized Power Architecture and associated products are designed to support power delivery from the source to processors, memory, communications equipment and other demanding loads.

Founded in 1981 and headquartered in Andover, Massachusetts, Vicor serves customers and markets worldwide.

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