StockNews.com Upgrades Vicor (NASDAQ:VICR) to Buy

Vicor (NASDAQ:VICR - Get Free Report) was upgraded by stock analysts at StockNews.com from a "hold" rating to a "buy" rating in a report issued on Monday.

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

Vicor Stock Performance

NASDAQ VICR traded up $1.65 on Monday, hitting $63.33. 237,234 shares of the stock were exchanged, compared to its average volume of 279,132. Vicor has a 52-week low of $30.90 and a 52-week high of $65.70. The firm has a market capitalization of $2.86 billion, a P/E ratio of 121.79 and a beta of 1.51. The stock has a fifty day moving average price of $51.90 and a two-hundred day moving average price of $47.66.

Vicor (NASDAQ:VICR - Get Free Report) last released 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. Vicor had a net margin of 6.46% and a return on equity of 4.29%. The firm had revenue of $96.17 million during the quarter, compared to analysts' expectations of $91.03 million.

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Insider Activity at Vicor

In other news, Director Andrew D'amico sold 1,800 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $62.89, for a total transaction of $113,202.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Claudio Tuozzolo sold 3,504 shares of Vicor stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $61.00, for a total transaction of $213,744.00. Following the sale, 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 21,202 shares of company stock worth $1,236,817 in the last 90 days. 31.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Vicor

Several institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in Vicor by 17.5% during the 4th quarter. JPMorgan Chase & Co. now owns 3,847,330 shares of the electronics maker's stock worth $185,903,000 after acquiring an additional 572,093 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Vicor by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 2,529,448 shares of the electronics maker's stock worth $122,223,000 after purchasing an additional 18,893 shares during the period. Wealthfront Advisers LLC bought a new position in shares of Vicor during the fourth quarter valued at approximately $79,889,000. Needham Investment Management LLC increased its holdings in Vicor by 2.4% in the 3rd quarter. Needham Investment Management LLC now owns 906,439 shares of the electronics maker's stock worth $38,161,000 after acquiring an additional 21,439 shares in the last quarter. Finally, State Street Corp raised its position in Vicor by 2.1% during the third quarter. State Street Corp now owns 852,932 shares of the electronics maker's stock worth $35,908,000 after acquiring an additional 17,668 shares during the period. 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.