Vicor (NASDAQ:VICR) Stock Rating Lowered by StockNews.com

Vicor (NASDAQ:VICR) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Sunday.

Several other research firms have also recently commented on VICR. Craig Hallum decreased their price target on shares of Vicor from $40.00 to $35.00 and set a “hold” rating on the stock in a research note on Wednesday. Needham & Company LLC reissued a “hold” rating on shares of Vicor in a research note on Wednesday.

Vicor Trading Up 2.8 %

Shares of Vicor stock opened at $34.41 on Friday. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 34.41 and a beta of 1.53. Vicor has a 1-year low of $30.90 and a 1-year high of $98.38. The firm’s 50-day moving average price is $37.40 and its two-hundred day moving average price is $39.97.

Vicor (NASDAQ:VICR) last issued its quarterly earnings data on Tuesday, April 23rd. The electronics maker reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.04). The firm had revenue of $83.80 million for the quarter, compared to the consensus estimate of $84.83 million. Vicor had a return on equity of 8.48% and a net margin of 11.49%. Vicor’s quarterly revenue was down 14.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.25 earnings per share.

Insider Activity at Vicor

In other Vicor news, VP Robert Gendron sold 2,000 shares of the stock in a transaction on Friday, March 8th. The shares were sold at an average price of $36.83, for a total value of $73,660.00. Following the sale, the vice president now directly owns 5,374 shares in the company, valued at $197,924.42. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, VP Kemble D. Morrison sold 2,659 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $37.00, for a total transaction of $98,383.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Robert Gendron sold 2,000 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $36.83, for a total transaction of $73,660.00. Following the sale, the vice president now directly owns 5,374 shares of the company’s stock, valued at approximately $197,924.42. The disclosure for this sale can be found here. Insiders have sold 4,999 shares of company stock worth $184,990 over the last ninety days. Company insiders own 31.30% of the company’s stock.

Institutional Investors Weigh In On Vicor

Several large investors have recently made changes to their positions in VICR. Commonwealth Equity Services LLC bought a new position in Vicor in the third quarter valued at $232,000. Raymond James & Associates acquired a new position in shares of Vicor during the 3rd quarter worth about $471,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Vicor during the 3rd quarter worth about $259,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Vicor by 35.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,422 shares of the electronics maker’s stock worth $260,000 after purchasing an additional 1,167 shares during the last quarter. Finally, Yorktown Management & Research Co Inc acquired a new position in shares of Vicor during the 3rd quarter worth about $259,000. 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.