Vicor (NASDAQ:VICR) Upgraded at Wall Street Zen

Vicor (NASDAQ:VICR - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Saturday.

Separately, Needham & Company LLC reissued a "hold" rating on shares of Vicor in a research note on Wednesday.

Vicor Trading Down 1.6%

Shares of VICR opened at $46.41 on Friday. The company's fifty day simple moving average is $45.19 and its 200-day simple moving average is $48.39. The company has a market cap of $2.10 billion, a P/E ratio of 31.79 and a beta of 1.75. Vicor has a twelve month low of $34.27 and a twelve month high of $65.70.

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

Insider Buying and Selling

In other Vicor news, Director Andrew D'amico sold 5,813 shares of the business's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $63.00, for a total value of $366,219.00. Following the completion of the sale, the director directly owned 1,217 shares of the company's stock, valued at $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 is available at this hyperlink. 31.30% of the stock is owned by corporate insiders.

Institutional Trading of Vicor

Several institutional investors and hedge funds have recently modified their holdings of the stock. State of Alaska Department of Revenue grew its stake in Vicor by 7.7% in the second quarter. State of Alaska Department of Revenue now owns 13,745 shares of the electronics maker's stock worth $623,000 after purchasing an additional 977 shares in the last quarter. Chapin Davis Inc. lifted its holdings in shares of Vicor by 23.0% in the 2nd quarter. Chapin Davis Inc. now owns 44,900 shares of the electronics maker's stock worth $2,037,000 after buying an additional 8,400 shares during the period. Cullen Investment Group LTD. bought a new position in shares of Vicor during the 2nd quarter worth $202,000. Voya Investment Management LLC increased its stake in shares of Vicor by 22.5% during the first quarter. Voya Investment Management LLC now owns 14,655 shares of the electronics maker's stock valued at $686,000 after buying an additional 2,695 shares during the period. Finally, Strs Ohio purchased a new position in shares of Vicor during the first quarter valued at $56,000. 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.

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