Vicor (NASDAQ:VICR) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Vicor (NASDAQ:VICR) from a hold rating to a buy rating in a report published on Monday.

Several other equities research analysts also recently weighed in on VICR. Craig Hallum raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. Needham & Company LLC reissued a “hold” rating on shares of Vicor in a research note on Tuesday, February 18th.

Vicor Stock Down 5.2 %

Vicor stock opened at $60.35 on Monday. The company has a market cap of $2.72 billion, a price-to-earnings ratio of 116.06 and a beta of 1.51. The firm’s fifty day moving average is $50.86 and its 200 day moving average is $46.92. Vicor has a 52-week low of $30.90 and a 52-week high of $65.50.

Vicor (NASDAQ:VICR) last released its quarterly earnings results on Thursday, February 20th. The electronics maker reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.05. The company had revenue of $96.17 million for the quarter, compared to the consensus estimate of $91.03 million. Vicor had a net margin of 6.46% and a return on equity of 4.29%.

Insider Buying and Selling

In other Vicor news, Director Andrew D’amico sold 4,000 shares of the 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Estia J. Eichten sold 8,000 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $55.51, for a total transaction of $444,080.00. Following the transaction, the director now owns 230,267 shares in the company, valued at approximately $12,782,121.17. The trade was a 3.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,000 shares of company stock valued at $786,900 in the last 90 days. Company insiders own 31.00% of the company’s stock.

Institutional Trading of Vicor

Institutional investors have recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. raised its position in shares of Vicor by 146.2% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,162 shares of the electronics maker’s stock valued at $49,000 after purchasing an additional 690 shares during the last quarter. Headlands Technologies LLC purchased a new position in Vicor during the 4th quarter worth approximately $140,000. Invesco LLC purchased a new position in Vicor during the 3rd quarter worth approximately $205,000. Truist Financial Corp purchased a new position in Vicor during the 4th quarter worth approximately $213,000. Finally, Net Worth Advisory Group purchased a new position in Vicor during the 4th quarter worth approximately $218,000. 47.45% of the stock is currently owned by institutional investors.

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.