Vicor (NASDAQ:VICR) Stock Rating Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of Vicor (NASDAQ:VICR) from a buy rating to a hold rating in a report released on Saturday,Wall Street Zen reports.

A number of other equities analysts have also weighed in on VICR. Needham & Company LLC reissued a “buy” rating and issued a $350.00 target price on shares of Vicor in a research report on Tuesday, October 20th. Roth Capital set a $360.00 price target on shares of Vicor in a report on Wednesday. Weiss Ratings downgraded shares of Vicor from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, September 18th. Finally, Zacks Research upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 1st. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $386.67.

Vicor Price Performance

VICR stock opened at $176.04 on Friday. Vicor has a 1-year low of $80.29 and a 1-year high of $382.65. The business has a fifty day moving average price of $226.40 and a 200-day moving average price of $250.62. The stock has a market capitalization of $8.12 billion, a P/E ratio of 46.08 and a beta of 2.37.

Vicor (NASDAQ:VICR) last announced its quarterly earnings results on Tuesday, October 20th. The electronics maker reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.01. Vicor had a return on equity of 22.49% and a net margin of 32.15%. The firm had revenue of $197.11 million for the quarter, compared to the consensus estimate of $187.03 million. During the same period in the prior year, the company posted $0.63 earnings per share. The company’s quarterly revenue was up 78.5% on a year-over-year basis. As a group, analysts anticipate that Vicor will post 3.94 earnings per share for the current year.

Insider Buying and Selling

In related news, VP Philip Davies sold 3,073 shares of Vicor stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $177.70, for a total value of $546,072.10. Following the completion of the sale, the vice president owned 1,920 shares of the company’s stock, valued at $341,184. The trade was a 61.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Patrizio Vinciarelli sold 20,000 shares of the company’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $316.13, for a total value of $6,322,600.00. Following the sale, the chief executive officer owned 8,307,390 shares of the company’s stock, valued at approximately $2,626,215,200.70. This trade represents a 0.24% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 27,053 shares of company stock valued at $7,745,984 over the last 90 days. Company insiders own 28.30% of the company’s stock.

Institutional Investors Weigh In On Vicor

A number of large investors have recently made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of Vicor in the second quarter worth approximately $934,612,000. Andar Capital Management HK Ltd bought a new position in Vicor in the second quarter worth approximately $101,100,000. The Manufacturers Life Insurance Company boosted its stake in shares of Vicor by 39.6% during the 1st quarter. The Manufacturers Life Insurance Company now owns 603,364 shares of the electronics maker’s stock worth $97,142,000 after acquiring an additional 171,175 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Vicor by 43.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 536,274 shares of the electronics maker’s stock worth $86,340,000 after acquiring an additional 162,186 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of Vicor during the 2nd quarter worth $53,161,000. 47.45% of the stock is currently owned by institutional investors.

Vicor Company Profile

Vicor Corporation (NASDAQ: VICR) designs, develops, manufactures and markets modular power components and systems. The company’s products convert, regulate and distribute electrical power for electronic equipment, with an emphasis on high-performance, compact and efficient power solutions.

Its portfolio includes AC-to-DC and DC-to-DC converters, regulators, power modules, power distribution components and complete power systems. Vicor’s technologies include its Factorized Power Architecture and high-density ChiP packaging, which are designed to help engineers manage power more efficiently while reducing the size and complexity of electronic systems.

Vicor serves customers in industries such as data centers and computing, telecommunications, automotive, aerospace and defense, industrial equipment, and consumer electronics.