Vicor’s (VICR) “Hold” Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC restated their hold rating on shares of Vicor (NASDAQ:VICR) in a report released on Tuesday,Benzinga reports.

Separately, Craig Hallum increased their price objective on Vicor from $35.00 to $43.00 and gave the stock a “hold” rating in a research report on Wednesday, October 23rd.

Vicor Stock Performance

NASDAQ:VICR opened at $50.75 on Tuesday. The stock has a fifty day moving average price of $50.83 and a two-hundred day moving average price of $46.43. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of 105.73 and a beta of 1.51. Vicor has a 1 year low of $30.90 and a 1 year high of $62.00.

Insider Buying and Selling at Vicor

In other Vicor news, Director Estia J. Eichten sold 8,000 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was 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 of the company’s stock, valued at approximately $12,782,121.17. This represents a 3.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andrew D’amico sold 4,000 shares of the company’s 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,000 shares of company stock valued at $786,900. Insiders own 31.00% of the company’s stock.

Institutional Trading of Vicor

Several large investors have recently bought and sold shares of VICR. Eastern Bank acquired a new stake in shares of Vicor during the third quarter valued at $42,000. Point72 Asia Singapore Pte. Ltd. boosted its stake 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 valued at $49,000 after acquiring an additional 690 shares during the last quarter. CWM LLC boosted its stake in shares of Vicor by 226.6% during the third quarter. CWM LLC now owns 2,283 shares of the electronics maker’s stock valued at $96,000 after acquiring an additional 1,584 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of Vicor during the fourth quarter valued at $140,000. Finally, Invesco LLC acquired a new stake in shares of Vicor during the third quarter valued at $205,000. Institutional investors and hedge funds 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.