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

Vicor (NASDAQ:VICR) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Friday.

Separately, Craig Hallum downgraded Vicor from a “buy” rating to a “hold” rating and set a $40.00 price objective for the company. in a research report on Friday, February 23rd.

Vicor Price Performance

Vicor stock opened at $36.58 on Friday. The company has a market capitalization of $1.63 billion, a PE ratio of 30.74 and a beta of 1.53. Vicor has a one year low of $35.00 and a one year high of $98.38. The business has a 50 day simple moving average of $38.97 and a 200 day simple moving average of $41.60.

Vicor (NASDAQ:VICR) last posted its earnings results on Thursday, February 22nd. The electronics maker reported $0.19 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.17). Vicor had a return on equity of 10.45% and a net margin of 13.23%. The company had revenue of $92.70 million for the quarter, compared to the consensus estimate of $107.07 million. During the same quarter last year, the business earned $0.18 EPS. Vicor’s quarterly revenue was down 12.1% compared to the same quarter last year.

Insider Buying and Selling at Vicor

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

Institutional Investors Weigh In On Vicor

Institutional investors and hedge funds have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its holdings in Vicor by 3.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 172,385 shares of the electronics maker’s stock valued at $10,152,000 after purchasing an additional 5,199 shares during the last quarter. Schonfeld Strategic Advisors LLC bought a new stake in Vicor in the third quarter valued at about $760,000. Teachers Retirement System of The State of Kentucky increased its holdings in Vicor by 12.1% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 22,264 shares of the electronics maker’s stock valued at $1,311,000 after purchasing an additional 2,400 shares during the last quarter. Aigen Investment Management LP bought a new stake in Vicor in the third quarter valued at about $1,241,000. Finally, Principal Financial Group Inc. increased its holdings in Vicor by 105.9% in the third quarter. Principal Financial Group Inc. now owns 175,180 shares of the electronics maker’s stock valued at $10,316,000 after purchasing an additional 90,099 shares during the last quarter. 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.