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

Vicor (NASDAQ:VICR) was upgraded by analysts at Zacks Research to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vicor in a report on Wednesday, October 8th. Craig Hallum upgraded Vicor from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a research report on Wednesday, October 22nd. Wall Street Zen cut Vicor from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 23rd. Roth Capital initiated coverage on shares of Vicor in a research note on Tuesday. They set a “buy” rating and a $115.00 price objective on the stock. 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 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 has an average rating of “Moderate Buy” and a consensus price target of $98.33.

Vicor Stock Performance

Shares of VICR opened at $97.19 on Tuesday. The firm has a fifty day moving average of $85.11 and a 200-day moving average of $60.93. The company has a market cap of $4.34 billion, a price-to-earnings ratio of 53.11 and a beta of 1.94. Vicor has a 1 year low of $38.92 and a 1 year high of $102.19.

Vicor (NASDAQ:VICR) last issued its quarterly earnings data on Tuesday, October 21st. The electronics maker reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.43. The firm had revenue of $110.42 million for 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%. Vicor’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same period last year, the firm posted $0.26 EPS.

Insiders Place Their Bets

In other Vicor news, VP Robert Gendron sold 5,374 shares of the company’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $94.00, for a total value of $505,156.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Patrizio Vinciarelli sold 6,176 shares of Vicor stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $101.78, for a total transaction of $628,593.28. Following the completion of the transaction, the chief executive officer directly owned 9,828,363 shares in the company, valued at $1,000,330,786.14. This represents a 0.06% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 172,791 shares of company stock valued at $15,776,939. 31.30% of the stock is currently owned by insiders.

Institutional Trading of Vicor

Several institutional investors and hedge funds have recently added to or reduced their stakes in VICR. Dimensional Fund Advisors LP grew its position in Vicor by 4.6% in the third quarter. Dimensional Fund Advisors LP now owns 578,515 shares of the electronics maker’s stock worth $28,759,000 after buying an additional 25,393 shares during the last quarter. AWM Investment Company Inc. lifted its position in shares of Vicor by 5.7% during the 1st quarter. AWM Investment Company Inc. now owns 372,210 shares of the electronics maker’s stock valued at $17,412,000 after acquiring an additional 20,195 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Vicor by 1,921.4% during the 3rd 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 in the last quarter. Millennium Management LLC boosted its stake in shares of Vicor by 4,634.5% during the 1st quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock worth $12,379,000 after acquiring an additional 259,022 shares in the last quarter. Finally, Colrain Capital LLC grew its holdings in shares of Vicor by 10.4% in the 3rd quarter. Colrain Capital LLC now owns 254,140 shares of the electronics maker’s stock worth $12,636,000 after acquiring an additional 23,940 shares during the last quarter. 47.45% of the stock is owned by institutional investors and hedge funds.

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.