Vicor (NASDAQ:VICR) Rating Lowered to Hold at Wall Street Zen

Vicor (NASDAQ:VICR) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

VICR has been the topic of several other research reports. Roth Capital set a $360.00 target price on Vicor in a research note on Wednesday. Needham & Company LLC reaffirmed a “buy” rating and set a $350.00 price target on shares of Vicor in a research note on Tuesday, October 20th. Weiss Ratings downgraded shares of Vicor from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, September 18th. Finally, Zacks Research upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $386.67.

Vicor Price Performance

Shares of Vicor stock opened at $176.04 on Friday. The firm has a market cap of $8.12 billion, a price-to-earnings ratio of 46.08 and a beta of 2.37. The stock’s 50-day moving average is $226.40 and its 200-day moving average is $251.29. Vicor has a one year low of $80.29 and a one year high of $382.65.

Vicor (NASDAQ:VICR) last posted its quarterly earnings data on Tuesday, October 20th. The electronics maker reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.01. Vicor had a return on equity of 22.49% and a net margin of 32.15%. The business had revenue of $197.11 million during the quarter, compared to the consensus estimate of $187.03 million. During the same period last year, the company earned $0.63 earnings per share. Vicor’s quarterly revenue was up 78.5% on a year-over-year basis. On average, equities analysts expect that Vicor will post 3.94 EPS for the current year.

Insider Activity

In other Vicor news, VP Philip D. Davies sold 3,073 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $177.70, for a total value of $546,072.10. Following the completion of the transaction, the vice president directly owned 1,920 shares in the company, valued at $341,184. This trade represents a 61.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Zmira Lavie sold 908 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $250.00, for a total value of $227,000.00. Following the completion of the transaction, the director owned 908 shares of the company’s stock, valued at approximately $227,000. This represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 27,053 shares of company stock worth $7,745,984 in the last quarter. Corporate insiders own 28.30% of the company’s stock.

Institutional Investors Weigh In On Vicor

A number of institutional investors and hedge funds have recently made changes to their positions in VICR. Andar Capital Management HK Ltd bought a new position in Vicor during the second quarter worth about $101,100,000. BlackRock Inc. acquired a new position in shares of Vicor during the 2nd quarter worth approximately $934,612,000. The Manufacturers Life Insurance Company grew its position in shares of Vicor by 39.6% during the 1st quarter. The Manufacturers Life Insurance Company now owns 603,364 shares of the electronics maker’s stock worth $97,142,000 after purchasing an additional 171,175 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Vicor by 43.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 536,274 shares of the electronics maker’s stock worth $86,340,000 after purchasing an additional 162,186 shares during the period. Finally, First Trust Advisors LP increased its holdings in shares of Vicor by 23.5% during the first quarter. First Trust Advisors LP now owns 163,953 shares of the electronics maker’s stock worth $26,396,000 after purchasing an additional 31,184 shares during the period. Institutional investors own 47.45% of the company’s stock.

Vicor Company Profile

Vicor Corporation (NASDAQ: VICR) designs, develops, manufactures and markets modular power components and systems. The company’s products convert, regulate and distribute electrical power for electronic equipment, with an emphasis on high-performance, compact and efficient power solutions.

Its portfolio includes AC-to-DC and DC-to-DC converters, regulators, power modules, power distribution components and complete power systems. Vicor’s technologies include its Factorized Power Architecture and high-density ChiP packaging, which are designed to help engineers manage power more efficiently while reducing the size and complexity of electronic systems.

Vicor serves customers in industries such as data centers and computing, telecommunications, automotive, aerospace and defense, industrial equipment, and consumer electronics.