Vicor (NASDAQ:VICR) Lowered to Hold Rating by StockNews.com

Vicor (NASDAQ:VICR) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Tuesday.

Other equities research analysts have also issued research reports about the company. Craig Hallum raised Vicor from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th. Needham & Company LLC restated a “hold” rating on shares of Vicor in a research note on Tuesday, February 18th.

Vicor Stock Performance

Shares of VICR stock opened at $60.98 on Tuesday. The stock has a market capitalization of $2.75 billion, a P/E ratio of 117.27 and a beta of 1.51. Vicor has a fifty-two week low of $30.90 and a fifty-two week high of $65.70. The company has a 50 day moving average price of $52.47 and a 200 day moving average price of $48.21.

Vicor (NASDAQ:VICR) last posted its quarterly earnings results on Thursday, February 20th. The electronics maker reported $0.23 EPS for the quarter, topping the consensus estimate of $0.18 by $0.05. The business had revenue of $96.17 million during the quarter, compared to the consensus estimate of $91.03 million. Vicor had a net margin of 6.46% and a return on equity of 4.29%.

Insider Activity at Vicor

In related news, Director Andrew D’amico sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $51.91, for a total value of $103,820.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Claudio Tuozzolo sold 1,898 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $64.79, for a total transaction of $122,971.42. Following the sale, the vice president now directly owns 33,622 shares in the company, valued at approximately $2,178,369.38. The trade was a 5.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,642 shares of company stock valued at $819,890 over the last quarter. 31.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Vicor

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of Vicor by 146.2% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,162 shares of the electronics maker’s stock worth $49,000 after purchasing an additional 690 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of Vicor in the 4th quarter valued at about $140,000. Truist Financial Corp purchased a new position in Vicor during the 4th quarter worth approximately $213,000. Net Worth Advisory Group acquired a new position in Vicor during the fourth quarter worth approximately $218,000. Finally, Savant Capital LLC purchased a new stake in Vicor in the fourth quarter valued at approximately $223,000. 47.45% of the stock is currently owned by institutional investors and hedge funds.

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.