Vicor (NASDAQ:VICR) Rating Reiterated by Needham & Company LLC

Vicor (NASDAQ:VICR)‘s stock had its “hold” rating restated by Needham & Company LLC in a report released on Wednesday, Benzinga reports.

Other research analysts have also recently issued reports about the stock. StockNews.com raised shares of Vicor from a “sell” rating to a “hold” rating in a research note on Saturday, April 20th. Craig Hallum cut shares of Vicor from a “buy” rating to a “hold” rating and set a $40.00 target price for the company. in a research note on Friday, February 23rd.

Vicor Price Performance

Shares of VICR opened at $33.48 on Wednesday. The firm has a 50 day simple moving average of $37.65 and a 200-day simple moving average of $40.25. Vicor has a 1-year low of $30.90 and a 1-year high of $98.38. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 33.48 and a beta of 1.53.

Vicor (NASDAQ:VICR) last issued its quarterly earnings data on Tuesday, April 23rd. The electronics maker reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.04). Vicor had a return on equity of 8.59% and a net margin of 11.49%. The business had revenue of $83.80 million for the quarter, compared to analysts’ expectations of $84.83 million. During the same period last year, the business earned $0.25 earnings per share. The company’s revenue for the quarter was down 14.3% on a year-over-year basis.

Insiders Place Their Bets

In other Vicor news, VP Robert Gendron sold 2,000 shares of Vicor stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $36.83, for a total value of $73,660.00. Following the completion of the sale, the vice president now directly owns 5,374 shares of the company’s stock, valued at approximately $197,924.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Vicor news, VP Robert Gendron sold 2,000 shares of Vicor stock in a transaction on Friday, March 8th. The shares were sold at an average price of $36.83, for a total value of $73,660.00. Following the transaction, the vice president now owns 5,374 shares in the company, valued at approximately $197,924.42. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Kemble D. Morrison sold 2,659 shares of Vicor stock in a transaction on Monday, February 26th. The shares were sold at an average price of $37.00, for a total transaction of $98,383.00. The disclosure for this sale can be found here. In the last three months, insiders sold 4,999 shares of company stock valued at $184,990. Company insiders own 31.30% of the company’s stock.

Hedge Funds Weigh In On Vicor

A number of hedge funds have recently made changes to their positions in VICR. Byrne Asset Management LLC acquired a new position in shares of Vicor during the 4th quarter valued at $35,000. PNC Financial Services Group Inc. lifted its holdings in shares of Vicor by 37.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,111 shares of the electronics maker’s stock valued at $50,000 after acquiring an additional 303 shares in the last quarter. New Mexico Educational Retirement Board acquired a new position in shares of Vicor during the 1st quarter valued at $172,000. Acadian Asset Management LLC lifted its holdings in shares of Vicor by 30.0% during the 3rd quarter. Acadian Asset Management LLC now owns 3,056 shares of the electronics maker’s stock valued at $178,000 after acquiring an additional 706 shares in the last quarter. Finally, Federated Hermes Inc. lifted its holdings in shares of Vicor by 913.5% during the 3rd quarter. Federated Hermes Inc. now owns 3,456 shares of the electronics maker’s stock valued at $204,000 after acquiring 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.