Vicor (NASDAQ:VICR) Upgraded at Wall Street Zen

Key Points

• Vicor (NASDAQ:VICR) has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, reflecting improved analyst outlooks for the company.
• The company reported significant quarterly earnings, with $0.91 earnings per share, surpassing estimates of $0.18 and showing a 64.3% increase in revenue year-over-year.
• Insider trading activity showed that Director Andrew D'amico sold a substantial portion of his shares, indicating potential shifts in confidence or strategy within the company's management.

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

Separately, Needham & Company LLC reiterated a "hold" rating on shares of Vicor in a research note on Wednesday, July 23rd.

Vicor Stock Performance

VICR stock traded down $0.37 during midday trading on Friday, reaching $45.60. The stock had a trading volume of 24,357 shares, compared to its average volume of 280,262. The stock has a market cap of $2.06 billion, a PE ratio of 31.23 and a beta of 1.75. The firm has a fifty day simple moving average of $45.25 and a two-hundred day simple moving average of $48.37. Vicor has a 52-week low of $34.27 and a 52-week high of $65.70.

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

Insider Buying and Selling at Vicor

In other Vicor news, Director Andrew D'amico sold 5,813 shares of Vicor stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $63.00, for a total transaction of $366,219.00. Following the completion of the transaction, the director owned 1,217 shares in the company, valued at approximately $76,671. This trade represents a 82.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 31.30% of the company's stock.

Hedge Funds Weigh In On Vicor

Several institutional investors and hedge funds have recently modified their holdings of VICR. JPMorgan Chase & Co. increased its stake in shares of Vicor by 15.6% in the 1st quarter. JPMorgan Chase & Co. now owns 4,446,226 shares of the electronics maker's stock valued at $207,994,000 after purchasing an additional 598,896 shares in the last quarter. Summit Partners Public Asset Management LLC purchased a new position in shares of Vicor in the 4th quarter valued at about $17,787,000. Millennium Management LLC increased its stake in shares of Vicor by 4,634.5% in the 1st quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker's stock valued at $12,379,000 after purchasing an additional 259,022 shares in the last quarter. Ashford Capital Management Inc. increased its stake in shares of Vicor by 885.7% in the 1st quarter. Ashford Capital Management Inc. now owns 238,045 shares of the electronics maker's stock valued at $11,136,000 after purchasing an additional 213,895 shares in the last quarter. Finally, Colrain Capital LLC purchased a new position in shares of Vicor in the 4th quarter valued at about $9,181,000. Hedge funds and other institutional investors 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.