Vicor’s (VICR) “Hold” Rating Reiterated at Needham & Company LLC

Needham & Company LLC restated their hold rating on shares of Vicor (NASDAQ:VICR) in a report issued on Monday, Benzinga reports.

Several other equities research analysts have also recently commented on VICR. StockNews.com raised Vicor from a sell rating to a hold rating in a report on Friday, May 24th. Craig Hallum cut their price target on Vicor from $40.00 to $35.00 and set a hold rating for the company in a report on Wednesday, April 24th.

Vicor Trading Up 4.3 %

Shares of VICR stock opened at $33.36 on Monday. The company has a market capitalization of $1.49 billion, a P/E ratio of 33.36 and a beta of 1.49. The business’s 50 day moving average is $34.00 and its two-hundred day moving average is $37.58. Vicor has a 12-month low of $30.90 and a 12-month high of $98.38.

Vicor (NASDAQ:VICR) last released its earnings results on Tuesday, April 23rd. The electronics maker reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.04). The firm had revenue of $83.80 million during the quarter, compared to analysts’ expectations of $84.83 million. Vicor had a net margin of 11.49% and a return on equity of 8.55%. The business’s revenue was down 14.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.25 EPS.

Insiders Place Their Bets

In other news, VP Nancy L. Grava sold 1,277 shares of Vicor stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $33.91, for a total value of $43,303.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 2,150 shares of company stock valued at $72,275 over the last quarter. 31.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Vicor

Institutional investors have recently added to or reduced their stakes in the stock. Byrne Asset Management LLC purchased a new stake in shares of Vicor during the 4th quarter worth approximately $35,000. PNC Financial Services Group Inc. lifted its stake in Vicor by 37.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,111 shares of the electronics maker’s stock valued at $50,000 after buying an additional 303 shares in the last quarter. New Mexico Educational Retirement Board purchased a new stake in Vicor in the 1st quarter valued at approximately $172,000. Acadian Asset Management LLC lifted its stake in Vicor by 30.0% in the 3rd quarter. Acadian Asset Management LLC now owns 3,056 shares of the electronics maker’s stock valued at $178,000 after buying an additional 706 shares in the last quarter. Finally, Federated Hermes Inc. lifted its stake in Vicor by 913.5% in the 3rd quarter. Federated Hermes Inc. now owns 3,456 shares of the electronics maker’s stock valued at $204,000 after buying an additional 3,115 shares in the last quarter. Institutional investors and hedge funds own 47.45% of the company’s stock.

Vicor Company Profile

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.