Vicor (NASDAQ:VICR) Earns “Hold” Rating from Needham & Company LLC

Needham & Company LLC restated their hold rating on shares of Vicor (NASDAQ:VICR) in a report issued on Monday morning, Benzinga reports.

Several other brokerages have also recently issued reports on VICR. StockNews.com upgraded Vicor from a sell rating to a hold rating in a research report on Friday, May 24th. Craig Hallum reduced their price objective on Vicor from $40.00 to $35.00 and set a hold rating for the company in a research note on Wednesday, April 24th.

Vicor Price Performance

VICR opened at $33.36 on Monday. Vicor has a 12 month low of $30.90 and a 12 month high of $98.38. The stock has a market cap of $1.49 billion, a P/E ratio of 33.36 and a beta of 1.49. The stock’s 50 day moving average price is $34.00 and its 200 day moving average price is $37.58.

Vicor (NASDAQ:VICR) last posted its earnings results on Tuesday, April 23rd. The electronics maker reported $0.06 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.04). Vicor had a net margin of 11.49% and a return on equity of 8.55%. The business had revenue of $83.80 million during the quarter, compared to analyst estimates of $84.83 million. During the same quarter in the prior year, the business earned $0.25 earnings per share. The firm’s revenue was down 14.3% compared to the same quarter last year.

Insider Activity at Vicor

In related news, VP Nancy L. Grava sold 1,277 shares of Vicor stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $33.91, for a total transaction of $43,303.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders sold 2,150 shares of company stock valued at $72,275. Insiders own 31.30% of the company’s stock.

Hedge Funds Weigh In On Vicor

Institutional investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. increased its stake in shares of Vicor by 3.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 172,385 shares of the electronics maker’s stock worth $10,152,000 after purchasing an additional 5,199 shares during the period. Deutsche Bank AG grew its position in Vicor by 16.4% during the third quarter. Deutsche Bank AG now owns 11,877 shares of the electronics maker’s stock worth $699,000 after buying an additional 1,675 shares in the last quarter. Acadian Asset Management LLC grew its position in Vicor by 30.0% during the third quarter. Acadian Asset Management LLC now owns 3,056 shares of the electronics maker’s stock worth $178,000 after buying an additional 706 shares in the last quarter. Federated Hermes Inc. grew its position in Vicor by 913.5% during the third quarter. Federated Hermes Inc. now owns 3,456 shares of the electronics maker’s stock worth $204,000 after buying an additional 3,115 shares in the last quarter. Finally, Synovus Financial Corp grew its position in Vicor by 14.0% during the third quarter. Synovus Financial Corp now owns 40,510 shares of the electronics maker’s stock worth $2,386,000 after buying an additional 4,962 shares in the last quarter. 47.45% of the stock is currently owned by institutional investors.

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.