Vicor (NASDAQ:VICR - Get Free Report)'s stock had its "hold" rating reiterated by research analysts at Needham & Company LLC in a report released on Wednesday, Benzinga reports.
VICR has been the subject of several other research reports. Craig Hallum lowered Vicor from a "buy" rating to a "hold" rating and set a $40.00 price target for the company. in a report on Friday, February 23rd. StockNews.com raised shares of Vicor from a "sell" rating to a "hold" rating in a research note on Saturday.
Check Out Our Latest Stock Analysis on Vicor
Vicor Price Performance
Vicor stock traded down $3.15 during midday trading on Wednesday, reaching $32.03. 686,284 shares of the company traded hands, compared to its average volume of 270,020. Vicor has a 12 month low of $30.92 and a 12 month high of $98.38. The business has a 50 day moving average of $38.12 and a two-hundred day moving average of $40.36. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 26.77 and a beta of 1.53.
Vicor (NASDAQ:VICR - Get Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The electronics maker reported $0.06 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.04). Vicor had a return on equity of 10.45% and a net margin of 13.23%. The firm had revenue of $83.80 million during the quarter, compared to the consensus estimate of $84.83 million. During the same period in the previous year, the firm earned $0.25 EPS. The business's revenue was down 14.3% on a year-over-year basis.
Insiders Place Their Bets
In other news, VP Robert Gendron sold 2,000 shares of the business'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 transaction, the vice president now directly owns 5,374 shares of the company's stock, valued at approximately $197,924.42. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Vicor news, VP Robert Gendron sold 2,000 shares of the firm's stock in a transaction that occurred on Friday, March 8th. The shares were 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 legal filing with the SEC, which is available through this hyperlink. Also, VP Kemble D. Morrison sold 2,659 shares of the firm's stock in a transaction on Monday, February 26th. The stock was 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 a total of 4,999 shares of company stock worth $184,990 over the last 90 days. Company insiders own 31.30% of the company's stock.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. raised its stake in Vicor by 3.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 172,385 shares of the electronics maker's stock worth $10,152,000 after acquiring an additional 5,199 shares during the last quarter. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Vicor in the 3rd quarter valued at $760,000. Teachers Retirement System of The State of Kentucky boosted its stake in shares of Vicor by 12.1% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 22,264 shares of the electronics maker's stock worth $1,311,000 after buying an additional 2,400 shares during the last quarter. Aigen Investment Management LP acquired a new stake in Vicor in the 3rd quarter worth about $1,241,000. Finally, Principal Financial Group Inc. lifted its position in shares of Vicor by 105.9% in the third quarter. Principal Financial Group Inc. now owns 175,180 shares of the electronics maker's stock valued at $10,316,000 after acquiring an additional 90,099 shares in the last quarter. Hedge funds and other institutional investors own 47.45% of the company's stock.
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.
Featured Articles
Before you consider Vicor, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Vicor wasn't on the list.
While Vicor currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
