Vicor (NASDAQ:VICR) Downgraded to Hold Rating by Wall Street Zen

Key Points

• Vicor has been downgraded by Wall Street Zen from a "buy" rating to a "hold" rating, reflecting analysts' revised outlook on the company's prospects.
• Despite the downgrade, Vicor's stock currently has a consensus rating of "Buy" and a price target of $43.00 according to MarketBeat.com.
• In its latest earnings report, Vicor exceeded expectations with an EPS of $0.91, significantly outperforming the consensus estimate of $0.18, and reported a 64.3% year-over-year increase in revenue.

Wall Street Zen cut shares of Vicor (NASDAQ:VICR - Free Report) from a buy rating to a hold rating in a report published on Monday.

Separately, Needham & Company LLC restated a "hold" rating on shares of Vicor in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $43.00.

Vicor Stock Down 0.4%

Shares of NASDAQ VICR traded down $0.19 during midday trading on Monday, reaching $51.32. 261,616 shares of the stock were exchanged, compared to its average volume of 405,338. The firm has a market cap of $2.31 billion, a price-to-earnings ratio of 35.15 and a beta of 1.73. Vicor has a twelve month low of $34.27 and a twelve month high of $65.70. The firm has a 50-day simple moving average of $46.88 and a two-hundred day simple moving average of $47.86.

Vicor (NASDAQ:VICR - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The electronics maker reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.18 by $0.73. Vicor had a net margin of 15.44% and a return on equity of 11.32%. The business had revenue of $141.05 million for the quarter, compared to analysts' expectations of $96.43 million. During the same quarter last year, the company earned $0.10 EPS. The business's revenue was up 64.3% on a year-over-year basis.

Insider Activity at Vicor

In other news, Director Andrew D'amico sold 5,813 shares of Vicor stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $63.00, for a total transaction of $366,219.00. Following the transaction, the director owned 1,217 shares in the company, valued at $76,671. The trade was a 82.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 modified their holdings of the business. Public Sector Pension Investment Board increased its position in shares of Vicor by 7.8% during the 2nd quarter. Public Sector Pension Investment Board now owns 78,780 shares of the electronics maker's stock worth $3,573,000 after purchasing an additional 5,694 shares during the last quarter. Tower Research Capital LLC TRC grew its position in Vicor by 993.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,782 shares of the electronics maker's stock valued at $172,000 after acquiring an additional 3,436 shares in the last quarter. Tidal Investments LLC purchased a new stake in Vicor during the second quarter worth about $341,000. Manatuck Hill Partners LLC increased its stake in Vicor by 13.5% during the second quarter. Manatuck Hill Partners LLC now owns 100,000 shares of the electronics maker's stock worth $4,536,000 after purchasing an additional 11,900 shares during the period. Finally, Engineers Gate Manager LP purchased a new stake in shares of Vicor during the second quarter worth approximately $347,000. 47.45% of the stock is owned by institutional investors and hedge funds.

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.