StockNews.com cut shares of Vicor (NASDAQ:VICR - Free Report) from a buy rating to a hold rating in a report released on Tuesday morning.
A number of other research firms have also recently commented on VICR. Needham & Company LLC reiterated a "hold" rating on shares of Vicor in a report on Tuesday, February 18th. Craig Hallum upgraded shares of Vicor from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 14th.
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Vicor Stock Performance
Shares of NASDAQ VICR traded down $0.42 during trading hours on Tuesday, hitting $58.76. The company's stock had a trading volume of 80,883 shares, compared to its average volume of 278,371. Vicor has a 12 month low of $30.90 and a 12 month high of $65.70. The stock has a market cap of $2.65 billion, a price-to-earnings ratio of 113.12 and a beta of 1.51. The business has a 50-day simple moving average of $52.62 and a 200-day simple moving average of $48.29.
Vicor (NASDAQ:VICR - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The electronics maker reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.18 by $0.05. The company had revenue of $96.17 million during the quarter, compared to analyst estimates of $91.03 million. Vicor had a return on equity of 4.29% and a net margin of 6.46%.
Insider Transactions at Vicor
In other news, Director Andrew D'amico sold 4,000 shares of the stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $59.75, for a total value of $239,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Claudio Tuozzolo sold 3,504 shares of the company's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $61.00, for a total transaction of $213,744.00. Following the completion of the transaction, the vice president now directly owns 34,622 shares of the company's stock, valued at $2,111,942. This represents a 9.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,642 shares of company stock worth $819,890 in the last three months. Corporate insiders own 31.00% of the company's stock.
Institutional Trading of Vicor
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bouvel Investment Partners LLC grew its holdings in Vicor by 1.0% during the 4th quarter. Bouvel Investment Partners LLC now owns 24,790 shares of the electronics maker's stock valued at $1,198,000 after buying an additional 243 shares in the last quarter. Simon Quick Advisors LLC grew its stake in Vicor by 4.1% during the fourth quarter. Simon Quick Advisors LLC now owns 8,175 shares of the electronics maker's stock valued at $395,000 after acquiring an additional 324 shares in the last quarter. New York State Common Retirement Fund lifted its stake in Vicor by 0.3% in the 4th quarter. New York State Common Retirement Fund now owns 213,456 shares of the electronics maker's stock worth $10,314,000 after purchasing an additional 600 shares in the last quarter. Ashford Capital Management Inc. boosted its holdings in shares of Vicor by 2.5% during the 4th quarter. Ashford Capital Management Inc. now owns 24,150 shares of the electronics maker's stock valued at $1,167,000 after purchasing an additional 600 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Vicor by 5.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,974 shares of the electronics maker's stock valued at $627,000 after purchasing an additional 654 shares in the last quarter. Institutional investors own 47.45% of the company's stock.
Vicor Company Profile
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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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