Vicor (NASDAQ:VICR) Upgraded at StockNews.com

Vicor (NASDAQ:VICR) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Monday.

Several other equities analysts also recently commented on VICR. Needham & Company LLC reiterated a “hold” rating on shares of Vicor in a research note on Tuesday, February 18th. Craig Hallum raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th.

Vicor Price Performance

Shares of Vicor stock traded down $3.32 during trading hours on Monday, hitting $60.35. 459,943 shares of the company’s stock traded hands, compared to its average volume of 267,701. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of 116.06 and a beta of 1.51. Vicor has a 12-month low of $30.90 and a 12-month high of $65.50. The company has a fifty day simple moving average of $50.86 and a 200-day simple moving average of $46.92.

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

Insider Transactions at Vicor

In other Vicor news, Director Estia J. Eichten sold 8,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $55.51, for a total value of $444,080.00. Following the transaction, the director now directly owns 230,267 shares in the company, valued at $12,782,121.17. This represents a 3.36 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andrew D’amico sold 4,000 shares of Vicor stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $59.75, for a total value of $239,000.00. The disclosure for this sale can be found here. Insiders sold 14,000 shares of company stock valued at $786,900 over the last three months. Company insiders own 31.00% of the company’s stock.

Hedge Funds Weigh In On Vicor

A number of institutional investors have recently made changes to their positions in VICR. Point72 Asia Singapore Pte. Ltd. grew its position in Vicor by 146.2% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,162 shares of the electronics maker’s stock worth $49,000 after acquiring an additional 690 shares in the last quarter. Headlands Technologies LLC bought a new stake in Vicor during the fourth quarter worth about $140,000. Invesco LLC purchased a new position in shares of Vicor in the 3rd quarter worth about $205,000. Truist Financial Corp bought a new position in shares of Vicor during the 4th quarter valued at about $213,000. Finally, Net Worth Advisory Group purchased a new position in shares of Vicor during the 4th quarter valued at about $218,000. Institutional investors 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.