Vicor (NASDAQ:VICR) Rating Lowered to Hold at StockNews.com

Vicor (NASDAQ:VICR) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

A number of other equities analysts have also recently weighed in on VICR. Craig Hallum upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th. Needham & Company LLC reissued a “hold” rating on shares of Vicor in a research note on Tuesday, February 18th.

Vicor Stock Performance

VICR stock opened at $60.98 on Tuesday. Vicor has a one year low of $30.90 and a one year high of $65.70. The firm’s fifty day moving average is $52.47 and its 200 day moving average is $48.21. The firm has a market cap of $2.75 billion, a PE ratio of 117.27 and a beta of 1.51.

Vicor (NASDAQ:VICR) last announced its quarterly earnings results on Thursday, February 20th. The electronics maker reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.05. The firm had revenue of $96.17 million during the quarter, compared to analyst estimates of $91.03 million. Vicor had a return on equity of 4.29% and a net margin of 6.46%.

Insider Transactions at Vicor

In related news, CAO Quentin A. Fendelet sold 440 shares of Vicor stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $61.71, for a total transaction of $27,152.40. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Andrew D’amico sold 1,800 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $62.89, for a total value of $113,202.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,642 shares of company stock valued at $819,890. Corporate insiders own 31.00% of the company’s stock.

Hedge Funds Weigh In On Vicor

Several institutional investors and hedge funds have recently bought and sold shares of the company. Harbor Capital Advisors Inc. acquired a new stake in shares of Vicor during the fourth quarter valued at about $1,557,000. Barclays PLC boosted its position in shares of Vicor by 361.6% during the 3rd quarter. Barclays PLC now owns 39,397 shares of the electronics maker’s stock worth $1,658,000 after purchasing an additional 30,863 shares during the period. Savant Capital LLC acquired a new stake in Vicor in the 4th quarter valued at approximately $223,000. Charles Schwab Investment Management Inc. increased its holdings in Vicor by 6.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 206,713 shares of the electronics maker’s stock valued at $8,703,000 after purchasing an additional 12,203 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Vicor by 6.3% in the third quarter. Geode Capital Management LLC now owns 572,195 shares of the electronics maker’s stock valued at $24,094,000 after purchasing an additional 33,696 shares during the period. 47.45% of the stock is currently owned by institutional investors and hedge funds.

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.