Vicor (NASDAQ:VICR) Cut to “Hold” at StockNews.com

StockNews.com lowered shares of Vicor (NASDAQ:VICR) from a buy rating to a hold rating in a report released on Tuesday.

VICR has been the topic of several other reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Vicor in a research report on Tuesday, February 18th. Craig Hallum upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th.

Vicor Stock Performance

Shares of Vicor stock opened at $59.17 on Tuesday. The company has a market capitalization of $2.67 billion, a PE ratio of 113.79 and a beta of 1.51. The company has a 50-day simple moving average of $52.62 and a two-hundred day simple moving average of $48.29. Vicor has a one year low of $30.90 and a one year high of $65.70.

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

Insider Activity

In related news, CAO Quentin A. Fendelet sold 440 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $61.71, for a total value of $27,152.40. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Andrew D’amico sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $59.75, for a total transaction of $239,000.00. The disclosure for this sale can be found here. Insiders have sold 13,642 shares of company stock valued at $819,890 over the last ninety days. 31.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Vicor

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ashford Capital Management Inc. boosted its stake in shares of Vicor by 2.5% in the fourth quarter. Ashford Capital Management Inc. now owns 24,150 shares of the electronics maker’s stock worth $1,167,000 after buying an additional 600 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Vicor by 21.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 30,016 shares of the electronics maker’s stock worth $1,450,000 after purchasing an additional 5,361 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in shares of Vicor during the 4th quarter worth approximately $1,126,000. State of Wyoming increased its holdings in shares of Vicor by 66.6% during the 4th quarter. State of Wyoming now owns 5,289 shares of the electronics maker’s stock valued at $256,000 after purchasing an additional 2,114 shares in the last quarter. Finally, Summit Partners Public Asset Management LLC acquired a new position in shares of Vicor in the 4th quarter valued at $17,787,000. 47.45% of the stock is 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.