Vicor (NASDAQ:VICR) Rating Increased to Buy at Needham & Company LLC

Key Points

• Vicor has been upgraded by Needham & Company LLC from a "hold" rating to a "moderate buy" rating, indicating positive sentiment from analysts.
• The company's latest earnings report revealed an EPS of $0.63, significantly surpassing analyst expectations of $0.20, alongside a revenue increase to $110.42 million.
• Vicor's stock has increased by 30.3%, reflecting strong market performance and investor interest in the electronics maker's growth potential.

Vicor (NASDAQ:VICR - Get Free Report) was upgraded by stock analysts at Needham & Company LLC from a "hold" rating to a "buy" rating in a report issued on Wednesday, MarketBeat.com reports.

Other equities research analysts have also issued research reports about the stock. Weiss Ratings reissued a "hold (c)" rating on shares of Vicor in a research report on Wednesday, October 8th. Craig Hallum raised shares of Vicor from a "hold" rating to a "buy" rating and set a $90.00 price objective for the company in a research report on Wednesday. Finally, Wall Street Zen raised shares of Vicor from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Vicor has an average rating of "Moderate Buy" and an average target price of $90.00.

Vicor Stock Up 30.3%

Vicor stock opened at $85.76 on Wednesday. Vicor has a 52-week low of $38.92 and a 52-week high of $89.89. The firm has a fifty day moving average of $52.23 and a 200-day moving average of $47.71. The firm has a market capitalization of $3.85 billion, a P/E ratio of 46.86 and a beta of 1.73.

Vicor (NASDAQ:VICR - Get Free Report) last released its quarterly earnings data on Tuesday, October 21st. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.43. Vicor had a net margin of 18.63% and a return on equity of 14.02%. The company had revenue of $110.42 million during the quarter, compared to analyst estimates of $95.40 million. During the same quarter in the prior year, the business earned $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 related news, Director Andrew D'amico sold 1,000 shares of the firm's stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $68.00, for a total transaction of $68,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 31.30% of the company's stock.

Institutional Investors Weigh In On Vicor

A number of large investors have recently added to or reduced their stakes in VICR. Optimum Investment Advisors acquired a new stake in Vicor during the 1st quarter valued at $26,000. Manchester Capital Management LLC boosted its stake in Vicor by 76.8% during the 1st quarter. Manchester Capital Management LLC now owns 610 shares of the electronics maker's stock valued at $29,000 after acquiring an additional 265 shares during the last quarter. Strs Ohio bought a new position in Vicor during the 1st quarter valued at $56,000. KBC Group NV bought a new position in Vicor during the 1st quarter valued at $57,000. Finally, CWM LLC boosted its stake in Vicor by 33.3% during the 1st quarter. CWM LLC now owns 3,211 shares of the electronics maker's stock valued at $150,000 after acquiring an additional 802 shares during the last quarter. 47.45% of the stock is owned by institutional investors and hedge funds.

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.