Needham & Company LLC Reiterates “Hold” Rating for Vicor (NASDAQ:VICR)

Vicor (NASDAQ:VICR)‘s stock had its “hold” rating reiterated by equities researchers at Needham & Company LLC in a report released on Wednesday, Benzinga reports.

A number of other equities research analysts have also weighed in on the stock. StockNews.com raised shares of Vicor from a “sell” rating to a “hold” rating in a research note on Saturday. Craig Hallum lowered shares of Vicor from a “buy” rating to a “hold” rating and set a $40.00 target price on the stock. in a research note on Friday, February 23rd.

Vicor Trading Up 1.6 %

VICR stock opened at $35.18 on Wednesday. The firm’s 50-day moving average price is $38.12 and its two-hundred day moving average price is $40.36. Vicor has a 12-month low of $33.70 and a 12-month high of $98.38. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 29.56 and a beta of 1.53.

Vicor (NASDAQ:VICR) last released its quarterly earnings data on Thursday, February 22nd. The electronics maker reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.17). Vicor had a net margin of 13.23% and a return on equity of 10.45%. The firm had revenue of $92.70 million during the quarter, compared to analysts’ expectations of $107.07 million. During the same quarter in the previous year, the firm posted $0.18 EPS. Vicor’s revenue was down 12.1% compared to the same quarter last year.

Insider Activity

In other news, VP Kemble D. Morrison sold 2,659 shares of Vicor stock in a transaction dated 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 document filed with the SEC, which is accessible through this hyperlink. In related news, VP Robert Gendron sold 2,000 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $36.83, for a total transaction of $73,660.00. Following the sale, the vice president now owns 5,374 shares of the company’s stock, valued at $197,924.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Kemble D. Morrison sold 2,659 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $37.00, for a total transaction of $98,383.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,999 shares of company stock valued at $184,990. Corporate insiders own 31.30% of the company’s stock.

Institutional Investors Weigh In On Vicor

Several hedge funds have recently bought and sold shares of VICR. Commonwealth Equity Services LLC bought a new position in shares of Vicor in the third quarter worth approximately $232,000. Raymond James & Associates purchased a new position in shares of Vicor during the third quarter valued at approximately $471,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Vicor during the third quarter valued at approximately $259,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Vicor by 35.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,422 shares of the electronics maker’s stock valued at $260,000 after purchasing an additional 1,167 shares during the last quarter. Finally, Yorktown Management & Research Co Inc purchased a new position in shares of Vicor during the third quarter valued at approximately $259,000. 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.