Vicor's (VICR) "Hold" Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reiterated their hold rating on shares of Vicor (NASDAQ:VICR - Free Report) in a research report report published on Tuesday morning,Benzinga reports.

Separately, Craig Hallum boosted their price objective on shares of Vicor from $35.00 to $43.00 and gave the stock a "hold" rating in a report on Wednesday, October 23rd.

Vicor Trading Up 22.8 %

VICR stock traded up $11.81 during trading on Tuesday, reaching $63.67. The stock had a trading volume of 1,287,129 shares, compared to its average volume of 261,979. Vicor has a 1-year low of $30.90 and a 1-year high of $65.50. The company has a market capitalization of $2.87 billion, a P/E ratio of 132.65 and a beta of 1.51. The firm has a fifty day moving average price of $50.68 and a 200 day moving average price of $46.59.

Vicor (NASDAQ:VICR - Get Free Report) last issued its quarterly earnings data 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 6.08% and a return on equity of 4.00%. The firm had revenue of $96.17 million for the quarter, compared to analyst estimates of $91.03 million.

Insider Activity

In other news, Director Estia J. Eichten sold 8,000 shares of the company's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $55.51, for a total value of $444,080.00. Following the sale, the director now owns 230,267 shares in the company, valued at approximately $12,782,121.17. This represents a 3.36 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Andrew D'amico sold 4,000 shares of the company's stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $59.75, for a total transaction of $239,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,000 shares of company stock worth $786,900. 31.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Vicor

Institutional investors have recently modified their holdings of the business. Harbor Capital Advisors Inc. bought a new stake in shares of Vicor during the 4th quarter valued at about $1,557,000. Barclays PLC grew its position in shares of Vicor by 361.6% during the 3rd quarter. Barclays PLC now owns 39,397 shares of the electronics maker's stock valued at $1,658,000 after buying an additional 30,863 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Vicor by 6.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 206,713 shares of the electronics maker's stock valued at $8,703,000 after buying an additional 12,203 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Vicor by 6.3% during the 3rd quarter. Geode Capital Management LLC now owns 572,195 shares of the electronics maker's stock valued at $24,094,000 after buying an additional 33,696 shares during the last quarter. Finally, Savant Capital LLC bought a new stake in shares of Vicor during the 4th quarter valued at about $223,000. Institutional investors own 47.45% of the company's stock.

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.