Vicor (NASDAQ:VICR) Stock Rating Upgraded by StockNews.com

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

VICR has been the subject of a number of other reports. Needham & Company LLC restated a “hold” rating on shares of Vicor in a 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 Price Performance

VICR opened at $60.44 on Monday. The business has a 50 day moving average price of $50.94 and a two-hundred day moving average price of $47.08. The company has a market capitalization of $2.73 billion, a price-to-earnings ratio of 116.23 and a beta of 1.51. Vicor has a 1-year low of $30.90 and a 1-year high of $65.50.

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

Insider Activity

In related news, Director Estia J. Eichten sold 8,000 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $55.51, for a total transaction of $444,080.00. Following the completion of the sale, the director now directly owns 230,267 shares in the company, valued at approximately $12,782,121.17. This trade represents a 3.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andrew D’amico sold 1,800 shares of Vicor stock in a transaction on Friday, February 21st. The shares were sold at an average price of $62.89, for a total value of $113,202.00. The disclosure for this sale can be found here. Insiders sold 15,800 shares of company stock worth $900,102 over the last quarter. Corporate insiders own 31.00% of the company’s stock.

Institutional Investors Weigh In On Vicor

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Ashford Capital Management Inc. increased its holdings in 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 grew its position in Vicor by 21.7% in the fourth 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 acquiring an additional 5,361 shares in the last quarter. Squarepoint Ops LLC acquired a new position in shares of Vicor during the 4th quarter worth $1,126,000. State of Wyoming raised 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 stake in shares of Vicor in the 4th quarter valued at $17,787,000. 47.45% of the stock is owned by hedge funds and other institutional investors.

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.