Wall Street Zen Downgrades Vicor (NASDAQ:VICR) to Hold
by Teresa Graham · The Cerbat GemVicor (NASDAQ:VICR – Get Free Report) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.
A number of other equities analysts have also commented on VICR. Weiss Ratings reissued a “hold (c)” rating on shares of Vicor in a research report on Wednesday, January 21st. Roth Mkm reissued a “buy” rating and issued a $245.00 price target on shares of Vicor in a research report on Monday, April 20th. Zacks Research raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Finally, Needham & Company LLC lifted their price target on shares of Vicor from $180.00 to $260.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $198.33.
View Our Latest Research Report on VICR
Vicor Stock Performance
Shares of VICR opened at $273.53 on Friday. The firm has a market cap of $12.41 billion, a PE ratio of 91.48 and a beta of 1.97. The firm’s 50 day moving average price is $185.22 and its 200 day moving average price is $136.86. Vicor has a twelve month low of $38.92 and a twelve month high of $293.95.
Vicor (NASDAQ:VICR – Get Free Report) last issued its quarterly earnings data on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.04. The firm had revenue of $112.97 million for the quarter, compared to analyst estimates of $109.05 million. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The company’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.06 earnings per share. On average, sell-side analysts anticipate that Vicor will post 2.71 earnings per share for the current fiscal year.
Insider Buying and Selling at Vicor
In other news, insider Michael Mcnamara sold 7,174 shares of the firm’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $190.07, for a total value of $1,363,562.18. Following the sale, the insider owned 18,138 shares in the company, valued at approximately $3,447,489.66. This trade represents a 28.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Patrizio Vinciarelli sold 40,000 shares of the firm’s stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $197.64, for a total transaction of $7,905,600.00. Following the completion of the sale, the chief executive officer owned 8,855,090 shares in the company, valued at approximately $1,750,119,987.60. The trade was a 0.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 665,663 shares of company stock worth $122,253,776. 31.30% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Vicor
Hedge funds and other institutional investors have recently modified their holdings of the stock. Federated Hermes Inc. acquired a new stake in shares of Vicor in the fourth quarter worth $27,000. Nisa Investment Advisors LLC boosted its stake in Vicor by 53.4% during the third quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker’s stock worth $30,000 after buying an additional 210 shares in the last quarter. Harbour Investments Inc. acquired a new stake in Vicor during the fourth quarter worth $32,000. Allworth Financial LP boosted its stake in Vicor by 960.0% during the fourth quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock worth $35,000 after buying an additional 288 shares in the last quarter. Finally, NBC Securities Inc. acquired a new stake in Vicor during the fourth quarter worth $36,000. Institutional investors and hedge funds own 47.45% of the company’s stock.
About Vicor
Vicor Corporation is a designer and manufacturer of modular power components and systems, serving a wide range of industries that demand high performance and efficiency. Headquartered in Andover, Massachusetts, the company develops power conversion solutions that help customers optimize energy delivery in applications from telecommunications and data centers to industrial and automotive systems.
The company’s product portfolio includes high-density DC-DC converters, AC-DC front-end modules, point-of-load regulators and complete power systems that combine multiple conversion stages in a single package.