Needham & Company LLC Reaffirms “Hold” Rating for Vicor (NASDAQ:VICR)

Needham & Company LLC reiterated their hold rating on shares of Vicor (NASDAQ:VICR) in a report released on Wednesday, Benzinga reports.

Several other research analysts have also recently commented on the company. Craig Hallum cut Vicor from a buy rating to a hold rating and set a $40.00 target price for the company. in a research report on Friday, February 23rd. StockNews.com raised Vicor from a sell rating to a hold rating in a research report on Saturday, April 20th.

Vicor Price Performance

Shares of VICR stock opened at $32.03 on Wednesday. The stock has a market cap of $1.42 billion, a P/E ratio of 32.03 and a beta of 1.53. Vicor has a one year low of $30.92 and a one year high of $98.38. The stock has a fifty day moving average price of $37.89 and a 200 day moving average price of $40.30.

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

Insiders Place Their Bets

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

Institutional Trading of Vicor

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Vicor by 13.0% in the fourth quarter. Vanguard Group Inc. now owns 2,477,438 shares of the electronics maker’s stock valued at $111,336,000 after buying an additional 285,699 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Vicor by 2.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 469,026 shares of the electronics maker’s stock worth $21,079,000 after purchasing an additional 12,013 shares during the period. Eagle Asset Management Inc. acquired a new stake in Vicor in the third quarter worth about $12,335,000. AWM Investment Company Inc. increased its position in Vicor by 54.8% in the third quarter. AWM Investment Company Inc. now owns 204,960 shares of the electronics maker’s stock worth $12,070,000 after purchasing an additional 72,526 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Vicor by 5.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 181,682 shares of the electronics maker’s stock worth $8,165,000 after purchasing an additional 9,297 shares during the period. 47.45% of the stock is currently owned by institutional investors and hedge funds.

About Vicor

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.