Vicor (NASDAQ:VICR) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of Vicor (NASDAQ:VICR) from a buy rating to a hold rating in a research report report published on Saturday morning,Wall Street Zen reports.

A number of other brokerages also recently weighed in on VICR. Weiss Ratings downgraded shares of Vicor from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, September 18th. Roth Capital set a $360.00 price target on shares of Vicor in a report on Wednesday, October 21st. Needham & Company LLC restated a “buy” rating and set a $350.00 price objective on shares of Vicor in a research report on Tuesday, October 20th. Finally, Zacks Research raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 1st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $386.67.

Vicor Stock Up 10.6%

NASDAQ:VICR opened at $194.77 on Friday. The stock has a market cap of $8.98 billion, a P/E ratio of 46.08 and a beta of 2.37. The business’s 50-day moving average price is $227.32 and its two-hundred day moving average price is $224.56. Vicor has a twelve month low of $80.29 and a twelve month high of $382.65.

Vicor (NASDAQ:VICR) last issued its quarterly earnings results on Tuesday, October 20th. The electronics maker reported $1.33 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $197.11 million during the quarter, compared to the consensus estimate of $187.03 million. During the same quarter last year, the company posted $0.63 EPS. The company’s revenue for the quarter was up 78.5% on a year-over-year basis. On average, equities research analysts expect that Vicor will post 3.94 EPS for the current fiscal year.

Insider Activity at Vicor

In related news, CEO Patrizio Vinciarelli sold 20,000 shares of the stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $316.13, for a total transaction of $6,322,600.00. Following the completion of the sale, the chief executive officer directly owned 8,307,390 shares in the company, valued at $2,626,215,200.70. This represents a 0.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, 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 stock was sold at an average price of $250.00, for a total value of $227,000.00. Following the transaction, the director owned 908 shares in the company, valued at approximately $227,000. The trade was a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 27,053 shares of company stock worth $7,745,984 in the last ninety days. 28.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in VICR. BlackRock Inc. purchased a new position in shares of Vicor in the second quarter valued at about $934,612,000. Jupiter Topco LLC bought a new position in shares of Vicor during the second quarter valued at about $3,934,000. Bank of America Corp DE bought a new position in shares of Vicor during the second quarter valued at about $33,515,000. Maxi Investments CY Ltd purchased a new stake in shares of Vicor during the second quarter worth about $2,089,000. Finally, Hsbc Holdings PLC boosted its holdings in shares of Vicor by 796.8% during the second quarter. Hsbc Holdings PLC now owns 70,523 shares of the electronics maker’s stock worth $26,366,000 after purchasing an additional 62,659 shares during the period. Institutional investors own 47.45% of the company’s stock.

About Vicor

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.