Wall Street Zen Upgrades Vicor (NASDAQ:VICR) to "Buy"

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 report report published on Friday morning.

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

Vicor Stock Up 0.3%

NASDAQ VICR traded up $0.16 during trading on Friday, reaching $50.22. 98,476 shares of the stock traded hands, compared to its average volume of 297,073. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 34.46 and a beta of 1.76. The stock's 50-day moving average price is $47.89 and its 200 day moving average price is $47.80. Vicor has a fifty-two week low of $34.68 and a fifty-two week high of $65.70.

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

Insider Activity at Vicor

In other news, Director Andrew D'amico sold 5,813 shares of the business's stock in a transaction on Wednesday, July 23rd. The shares were 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 of the company's stock, valued at $76,671. The trade was a 82.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 31.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Vicor

Institutional investors have recently made changes to their positions in the business. Prescott Group Capital Management L.L.C. raised its position in Vicor by 35.5% during the fourth quarter. Prescott Group Capital Management L.L.C. now owns 121,280 shares of the electronics maker's stock worth $5,860,000 after acquiring an additional 31,774 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Vicor by 6.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 23,178 shares of the electronics maker's stock worth $1,120,000 after acquiring an additional 1,475 shares in the last quarter. Northern Trust Corp raised its position in Vicor by 8.9% during the fourth quarter. Northern Trust Corp now owns 249,717 shares of the electronics maker's stock worth $12,066,000 after acquiring an additional 20,321 shares in the last quarter. Deutsche Bank AG raised its position in Vicor by 125.4% during the fourth quarter. Deutsche Bank AG now owns 28,633 shares of the electronics maker's stock worth $1,384,000 after acquiring an additional 15,932 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new stake in Vicor during the fourth quarter worth $1,319,000. 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.