Vicor (NASDAQ:VICR) Given Hold (C) Rating at Weiss Ratings

Key Points

• Vicor's stock has been given a "hold" rating by Weiss Ratings, while Needham & Company and Wall Street Zen have both upgraded the stock to a "buy" rating with a target price of $90.00.
• After trading down 2.7%, Vicor shares hit $90.44, with a market capitalization of $4.06 billion and a price-to-earnings ratio of 50.81.
• The company reported a quarterly revenue of $110.42 million, significantly surpassing the consensus estimate of $95.40 million, alongside earnings per share of $0.63.

Vicor (NASDAQ:VICR - Get Free Report)'s stock had its "hold (c)" rating reiterated by investment analysts at Weiss Ratings in a research note issued to investors on Friday,Weiss Ratings reports.

Several other research analysts also recently commented on the company. Needham & Company LLC set a $90.00 price objective on Vicor and gave the company a "buy" rating in a research note on Wednesday. Wall Street Zen upgraded Vicor from a "hold" rating to a "buy" rating in a report on Friday, September 5th. Finally, Craig Hallum upgraded Vicor from a "hold" rating to a "buy" rating and set a $90.00 target price for the company in a report on Wednesday. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Vicor presently has an average rating of "Moderate Buy" and an average target price of $90.00.

Vicor Stock Down 2.7%

Shares of NASDAQ VICR traded down $2.54 during trading on Friday, hitting $90.44. The company had a trading volume of 1,038,811 shares, compared to its average volume of 626,870. The stock has a fifty day simple moving average of $54.00 and a two-hundred day simple moving average of $48.38. Vicor has a fifty-two week low of $38.92 and a fifty-two week high of $96.58. The firm has a market capitalization of $4.06 billion, a price-to-earnings ratio of 50.81 and a beta of 1.73.

Vicor (NASDAQ:VICR - Get Free Report) last released its earnings results on Tuesday, October 21st. The electronics maker reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.43. Vicor had a return on equity of 13.77% and a net margin of 18.63%.The business had revenue of $110.42 million for the quarter, compared to the consensus estimate of $95.40 million. During the same quarter last year, the business posted $0.26 earnings per share. The business's quarterly revenue was up 18.5% compared to the same quarter last year.

Insiders Place Their Bets

In other news, CFO James F. Schmidt sold 5,241 shares of the stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $81.90, for a total transaction of $429,237.90. Following the completion of the transaction, the chief financial officer directly owned 875 shares in the company, valued at approximately $71,662.50. This represents a 85.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Andrew D'amico sold 14,677 shares of the stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $82.53, for a total value of $1,211,292.81. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,483 shares of company stock valued at $1,759,381. Company insiders own 31.30% of the company's stock.

Hedge Funds Weigh In On Vicor

Several hedge funds have recently bought and sold shares of VICR. Illinois Municipal Retirement Fund lifted its stake in Vicor by 13.4% during the 1st quarter. Illinois Municipal Retirement Fund now owns 13,769 shares of the electronics maker's stock worth $644,000 after acquiring an additional 1,631 shares in the last quarter. KBC Group NV acquired a new position in Vicor during the 1st quarter worth about $57,000. Principal Financial Group Inc. lifted its stake in Vicor by 2.5% during the 1st quarter. Principal Financial Group Inc. now owns 114,891 shares of the electronics maker's stock worth $5,375,000 after acquiring an additional 2,766 shares in the last quarter. Optimum Investment Advisors acquired a new position in Vicor during the 1st quarter worth about $26,000. Finally, CWM LLC lifted its stake in Vicor by 33.3% during the 1st quarter. CWM LLC now owns 3,211 shares of the electronics maker's stock worth $150,000 after acquiring an additional 802 shares in the last quarter. Institutional investors and hedge funds own 47.45% of the company's stock.

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.

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