Vicor (NASDAQ:VICR) Rating Increased to Buy at Wall Street Zen

Key Points

• Vicor's stock rating was upgraded from a "hold" to a "buy" by Wall Street Zen, reflecting increased confidence in the company's prospects.
• The electronics maker reported strong quarterly earnings, with earnings per share (EPS) of $0.91, significantly surpassing analyst expectations of $0.18.
• Insider trading activity saw Director Andrew D'amico sell 5,813 shares of Vicor, representing an 82.69% decrease in his position.

Wall Street Zen upgraded shares of Vicor (NASDAQ:VICR - Free Report) from a hold rating to a buy rating in a research report sent to investors on Sunday morning.

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

Vicor Stock Up 0.5%

NASDAQ:VICR traded up $0.22 on Friday, reaching $46.71. The company's stock had a trading volume of 252,388 shares, compared to its average volume of 429,012. Vicor has a 12-month low of $34.27 and a 12-month high of $65.70. The firm has a market cap of $2.10 billion, a price-to-earnings ratio of 31.99 and a beta of 1.73. The stock has a 50 day moving average price of $46.36 and a 200 day moving average price of $47.83.

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

Insider Activity

In related news, Director Andrew D'amico sold 5,813 shares of the business's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $63.00, for a total value of $366,219.00. Following the sale, the director owned 1,217 shares in the company, valued at approximately $76,671. The trade was a 82.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 31.30% of the company's stock.

Institutional Investors Weigh In On Vicor

Large investors have recently bought and sold shares of the stock. Chapin Davis Inc. increased its holdings in Vicor by 265.0% during the 1st quarter. Chapin Davis Inc. now owns 36,500 shares of the electronics maker's stock worth $1,707,000 after purchasing an additional 26,500 shares during the period. Nuveen Asset Management LLC increased its holdings in Vicor by 184.1% during the 4th quarter. Nuveen Asset Management LLC now owns 169,989 shares of the electronics maker's stock worth $8,214,000 after purchasing an additional 110,162 shares during the period. Principal Financial Group Inc. increased its holdings 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 purchasing an additional 2,766 shares during the period. Deutsche Bank AG increased its holdings in Vicor by 125.4% during the 4th quarter. Deutsche Bank AG now owns 28,633 shares of the electronics maker's stock worth $1,384,000 after purchasing an additional 15,932 shares during the period. Finally, Invesco Ltd. increased its holdings in Vicor by 1.9% during the 4th quarter. Invesco Ltd. now owns 60,028 shares of the electronics maker's stock worth $2,901,000 after purchasing an additional 1,136 shares during the period. Hedge funds and other institutional investors own 47.45% of the company's stock.

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.