Wall Street Zen Downgrades Vicor (NASDAQ:VICR) to Hold

Key Points

• Wall Street Zen has downgraded Vicor (NASDAQ:VICR) from a "buy" rating to a "hold" rating, indicating a change in investment sentiment regarding the company.
• Vicor reported strong quarterly earnings, with earnings per share (EPS) of $0.91, exceeding estimates by $0.73 and a revenue increase of 64.3% year-over-year.
• Recent insider trading saw Director Andrew D’amico sell 5,813 shares at an average price of $63.00, reducing his position by 82.69%.

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

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

Vicor Stock Performance

Shares of NASDAQ:VICR opened at $46.84 on Friday. The company has a market cap of $2.12 billion, a P/E ratio of 32.08 and a beta of 1.73. Vicor has a one year low of $34.27 and a one year high of $65.70. The business's 50-day simple moving average is $45.86 and its 200 day simple moving average is $48.12.

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 (EPS) 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 company had revenue of $141.05 million for the quarter, compared to the consensus estimate of $96.43 million. During the same period in the previous year, the business earned $0.10 EPS. Vicor's revenue for the quarter was up 64.3% compared to the same quarter last year.

Insider Transactions at Vicor

In other Vicor news, Director Andrew D'amico sold 5,813 shares of Vicor stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $63.00, for a total transaction of $366,219.00. Following the sale, the director directly owned 1,217 shares in the company, valued at $76,671. The trade was a 82.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 31.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Vicor

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Optimum Investment Advisors acquired a new position in shares of Vicor in the 1st quarter worth approximately $26,000. Manchester Capital Management LLC grew its position in shares of Vicor by 76.8% in the 1st quarter. Manchester Capital Management LLC now owns 610 shares of the electronics maker's stock worth $29,000 after acquiring an additional 265 shares in the last quarter. Strs Ohio acquired a new position in shares of Vicor in the 1st quarter worth approximately $56,000. KBC Group NV acquired a new position in shares of Vicor in the 1st quarter worth approximately $57,000. Finally, CWM LLC grew its position in shares of Vicor by 33.3% in the 1st quarter. CWM LLC now owns 3,211 shares of the electronics maker's stock worth $150,000 after acquiring an additional 802 shares in the last quarter. 47.45% of the stock is currently owned by hedge funds and other institutional investors.

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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