Vicor (NASDAQ:VICR) Upgraded by Wall Street Zen to "Buy" Rating

Key Points

• Vicor (NASDAQ:VICR) has been upgraded from a "hold" rating to a "buy" rating by Wall Street Zen, indicating positive investor sentiment.
• The company reported a quarterly earnings per share of $0.91, significantly beating estimates of $0.18, alongside a 64.3% year-over-year revenue increase to $141.05 million.
• Insider trading revealed that Director Andrew D'amico sold 5,813 shares, representing an 82.69% decrease in his ownership of the stock.

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

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

Vicor Stock Up 1.7%

Shares of Vicor stock traded up $0.87 on Friday, hitting $50.96. 198,243 shares of the company were exchanged, compared to its average volume of 309,627. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of 34.90 and a beta of 1.76. The company has a 50-day moving average price of $48.06 and a 200 day moving average price of $47.75. Vicor has a 1-year low of $35.41 and a 1-year high of $65.70.

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

Insider Buying and Selling

In related news, Director Andrew D'amico sold 5,813 shares of the company's stock in a transaction that occurred 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 transaction, the director directly owned 1,217 shares in the company, valued at approximately $76,671. This represents a 82.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 31.30% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Optimum Investment Advisors acquired a new position in Vicor during the first quarter worth $26,000. Manchester Capital Management LLC lifted its stake in Vicor by 76.8% during the first quarter. Manchester Capital Management LLC now owns 610 shares of the electronics maker's stock worth $29,000 after purchasing an additional 265 shares in the last quarter. Strs Ohio acquired a new position in Vicor during the first quarter worth $56,000. KBC Group NV acquired a new position in Vicor during the first quarter worth $57,000. Finally, CWM LLC lifted its stake in Vicor by 33.3% during the first quarter. CWM LLC now owns 3,211 shares of the electronics maker's stock worth $150,000 after purchasing an additional 802 shares in the last quarter. 47.45% of the stock is currently 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.