Vicor (NASDAQ:VICR - Get Free Report) was downgraded by investment analysts at StockNews.com from a "hold" rating to a "sell" rating in a report released on Wednesday.
Several other equities analysts have also issued reports on VICR. Needham & Company LLC restated a "hold" rating on shares of Vicor in a report on Wednesday, April 24th. Craig Hallum dropped their target price on shares of Vicor from $40.00 to $35.00 and set a "hold" rating on the stock in a report on Wednesday, April 24th.
Check Out Our Latest Stock Report on VICR
Vicor Stock Performance
Shares of NASDAQ:VICR traded up $0.05 during mid-day trading on Wednesday, reaching $33.21. 146,225 shares of the company's stock were exchanged, compared to its average volume of 263,687. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 33.21 and a beta of 1.53. The business's fifty day moving average price is $35.98 and its 200-day moving average price is $38.77. Vicor has a twelve month low of $30.90 and a twelve month high of $98.38.
Vicor (NASDAQ:VICR - Get Free Report) last issued its quarterly earnings results on Tuesday, April 23rd. The electronics maker reported $0.06 EPS for the quarter, missing analysts' consensus estimates of $0.10 by ($0.04). The business had revenue of $83.80 million for the quarter, compared to analyst estimates of $84.83 million. Vicor had a return on equity of 8.55% and a net margin of 11.49%. Vicor's revenue for the quarter was down 14.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.25 EPS.
Insider Activity
In other news, VP Robert Gendron sold 2,000 shares of the company's stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $36.83, for a total transaction of $73,660.00. Following the transaction, the vice president now owns 5,374 shares in the company, valued at $197,924.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP Nancy L. Grava sold 1,277 shares of the business's stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $33.91, for a total transaction of $43,303.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Robert Gendron sold 2,000 shares of the business's stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $36.83, for a total transaction of $73,660.00. Following the sale, the vice president now directly owns 5,374 shares of the company's stock, valued at $197,924.42. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,276 shares of company stock worth $228,293. Company insiders own 31.30% of the company's stock.
Institutional Investors Weigh In On Vicor
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Vicor by 13.0% during the fourth quarter. Vanguard Group Inc. now owns 2,477,438 shares of the electronics maker's stock worth $111,336,000 after acquiring an additional 285,699 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Vicor by 2.6% in the 4th 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 in the last quarter. Eagle Asset Management Inc. bought a new stake in Vicor in the 3rd quarter worth about $12,335,000. AWM Investment Company Inc. grew its position in Vicor by 54.8% in the 3rd 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Vicor by 5.4% in the 4th 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 in the last quarter. 47.45% of the stock is owned by institutional investors.
About Vicor
(
Get Free Report)
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.
Further Reading
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