Vicor (NASDAQ:VICR) Stock Rating Lowered by Wall Street Zen

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 stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors 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 traded up $0.12 during midday trading on Friday, hitting $48.55. 51,020 shares of the stock traded hands, compared to its average volume of 292,279. The company has a market cap of $2.18 billion, a PE ratio of 33.26 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 has a 50 day moving average price of $46.01 and a two-hundred day moving average price of $47.89.

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

Insider Transactions at Vicor

In related news, Director Andrew D'amico sold 5,813 shares of the company's stock in a transaction 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 completion of the sale, the director 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 31.30% of the company's stock.

Institutional Investors Weigh In On Vicor

Several institutional investors have recently bought and sold shares of the stock. Manchester Capital Management LLC grew its holdings 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 buying an additional 265 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Vicor by 7.5% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,929 shares of the electronics maker's stock worth $269,000 after purchasing an additional 415 shares during the last quarter. Optimum Investment Advisors purchased a new position in Vicor in the first quarter worth $26,000. Blair William & Co. IL boosted its position in Vicor by 12.6% in the first quarter. Blair William & Co. IL now owns 4,910 shares of the electronics maker's stock worth $230,000 after purchasing an additional 550 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Vicor by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,537 shares of the electronics maker's stock worth $633,000 after purchasing an additional 563 shares during the last quarter. 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.