Weiss Ratings Reiterates "Hold (C)" Rating for Vicor (NASDAQ:VICR)

Key Points

• Weiss Ratings has reiterated a "Hold (C)" rating for Vicor (NASDAQ:VICR) amidst other mixed sentiments from brokerages.
• Vicor's stock is currently trading at $51.50, reflecting a 5.9% increase, with a year range between $38.92 and $65.70.
• The company reported a significant earnings surprise, with a quarterly EPS of $0.91, far exceeding the consensus estimate of $0.18.

Vicor (NASDAQ:VICR - Get Free Report)'s stock had its "hold (c)" rating reissued by research analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

A number of other brokerages also recently commented on VICR. Wall Street Zen upgraded shares of Vicor from a "hold" rating to a "buy" rating in a report on Friday, September 5th. 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 two have given a Hold rating to the company's stock. Based on data from MarketBeat, Vicor currently has a consensus rating of "Moderate Buy" and a consensus target price of $43.00.

Vicor Stock Up 5.9%

NASDAQ:VICR traded up $2.87 during mid-day trading on Wednesday, reaching $51.50. The company's stock had a trading volume of 263,706 shares, compared to its average volume of 285,209. Vicor has a 1 year low of $38.92 and a 1 year high of $65.70. The stock has a fifty day moving average of $49.69 and a 200-day moving average of $47.03. The firm has a market capitalization of $2.31 billion, a PE ratio of 35.27 and a beta of 1.73.

Vicor (NASDAQ:VICR - Get Free Report) last issued its earnings results 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. The company had revenue of $141.05 million for 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 firm's quarterly revenue was up 64.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.10 EPS.

Insider Transactions at Vicor

In other news, Director Andrew D'amico sold 5,813 shares of the 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 transaction, the director directly owned 1,217 shares in the company, valued at approximately $76,671. This represents a 82.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 31.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Vicor

Several hedge funds and other institutional investors have recently made changes to their positions in VICR. Optimum Investment Advisors acquired a new stake in shares of Vicor during the 1st quarter worth about $26,000. Manchester Capital Management LLC grew its stake 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 valued at $29,000 after purchasing an additional 265 shares during the last quarter. Strs Ohio purchased a new stake in shares of Vicor in the first quarter valued at approximately $56,000. KBC Group NV purchased a new stake in shares of Vicor in the first quarter valued at approximately $57,000. Finally, CWM LLC boosted its stake in shares of Vicor by 33.3% in the first quarter. CWM LLC now owns 3,211 shares of the electronics maker's stock valued at $150,000 after buying an additional 802 shares in the last quarter. Hedge funds and other 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.

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