Vicor (NASDAQ:VICR) Stock Rating Reaffirmed by Needham & Company LLC

Needham & Company LLC reaffirmed their hold rating on shares of Vicor (NASDAQ:VICR - Free Report) in a research note released on Wednesday morning, Benzinga reports.

Vicor Trading Up 13.7 %

VICR stock traded up $5.95 during mid-day trading on Wednesday, reaching $49.39. The company's stock had a trading volume of 1,277,212 shares, compared to its average volume of 222,747. The company's 50 day moving average is $39.19 and its two-hundred day moving average is $36.54. Vicor has a fifty-two week low of $30.90 and a fifty-two week high of $54.19. The stock has a market cap of $2.23 billion, a PE ratio of 83.71 and a beta of 1.51.

Vicor (NASDAQ:VICR - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The electronics maker reported $0.26 EPS for the quarter, beating the consensus estimate of $0.13 by $0.13. The firm had revenue of $93.17 million during the quarter, compared to analysts' expectations of $85.23 million. Vicor had a return on equity of 4.98% and a net margin of 7.20%. The business's revenue for the quarter was down 13.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.37 earnings per share.

Insider Buying and Selling

In other Vicor news, VP Philip D. Davies sold 23,494 shares of the business's stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $35.83, for a total value of $841,790.02. Following the transaction, the vice president now directly owns 15,763 shares in the company, valued at $564,788.29. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 31.00% of the stock is owned by company insiders.

Institutional Trading of Vicor

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Headlands Technologies LLC increased its position in shares of Vicor by 98.8% during the second quarter. Headlands Technologies LLC now owns 1,147 shares of the electronics maker's stock valued at $38,000 after acquiring an additional 570 shares during the last quarter. GAMMA Investing LLC raised its position in Vicor by 202.4% in the third quarter. GAMMA Investing LLC now owns 1,001 shares of the electronics maker's stock valued at $42,000 after purchasing an additional 670 shares during the period. Eastern Bank acquired a new position in Vicor during the third quarter worth $42,000. PNC Financial Services Group Inc. boosted its position in shares of Vicor by 37.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,111 shares of the electronics maker's stock worth $50,000 after buying an additional 303 shares during the period. Finally, Point72 DIFC Ltd grew its stake in shares of Vicor by 66.7% in the second quarter. Point72 DIFC Ltd now owns 2,191 shares of the electronics maker's stock valued at $73,000 after buying an additional 877 shares in the last quarter. 47.45% of the stock is owned by institutional investors and hedge funds.

About Vicor

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.