Vicor (NASDAQ:VICR) Lifted to “Buy” at Zacks Investment Research
Zacks Investment Research upgraded shares of Vicor (NASDAQ:VICR) from a hold rating to a buy rating in a report released on Saturday morning, Zacks.com reports. Zacks Investment Research currently has $36.00 target price on the electronics maker’s stock.
According to Zacks, “Vicor Corporation designs, manufactures and markets innovative, high performance modular power components, from bricks to semiconductor-centric solutions, to enable customers to efficiently convert and manage power from the wall plug to the point-of-load. Vicor offers comprehensive product lines addressing a broad range of power conversion and management requirements across all power distribution architectures, including CPA, DPA, IBA, FPA and CBA. Vicor focuses on solutions for performance-critical applications in the following markets: enterprise and high performance computing, telecommunications and network infrastructure, industrial equipment and automation, vehicles and transportation and aerospace and defense electronics. Vicor’s holistic approach gives power system architects the flexibility to choose from modular, plug-and-play components ranging from bricks to semiconductor-centric solutions. “
A number of other equities analysts have also commented on the stock. ValuEngine raised shares of Vicor from a hold rating to a buy rating in a research note on Wednesday, April 24th. TheStreet lowered shares of Vicor from a b- rating to a c+ rating in a research note on Monday, February 25th. Northland Securities reissued a buy rating and set a $39.00 target price on shares of Vicor in a research note on Wednesday, April 24th. BidaskClub lowered shares of Vicor from a buy rating to a hold rating in a research note on Friday, March 1st. Finally, CJS Securities initiated coverage on shares of Vicor in a research note on Monday, June 10th. They set a buy rating and a $40.00 target price for the company. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $38.33.
Vicor (NASDAQ:VICR) last posted its quarterly earnings data on Tuesday, April 23rd. The electronics maker reported $0.10 EPS for the quarter. Vicor had a net margin of 10.99% and a return on equity of 18.08%. The firm had revenue of $65.73 million during the quarter, compared to analyst estimates of $61.00 million. Analysts forecast that Vicor will post 0.62 earnings per share for the current fiscal year.
In other Vicor news, Director Samuel J. Anderson sold 5,000 shares of Vicor stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $36.06, for a total transaction of $180,300.00. Following the completion of the sale, the director now owns 10,223 shares of the company’s stock, valued at approximately $368,641.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director H Allen Henderson sold 1,886 shares of Vicor stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $37.07, for a total transaction of $69,914.02. Following the sale, the director now directly owns 2,105 shares of the company’s stock, valued at approximately $78,032.35. The disclosure for this sale can be found here. Insiders have sold a total of 11,886 shares of company stock valued at $433,014 in the last three months. Company insiders own 37.40% of the company’s stock.
Several large investors have recently modified their holdings of the business. LS Investment Advisors LLC boosted its stake in shares of Vicor by 6.6% during the 1st quarter. LS Investment Advisors LLC now owns 4,583 shares of the electronics maker’s stock valued at $142,000 after buying an additional 285 shares during the period. Texas Permanent School Fund boosted its stake in shares of Vicor by 3.9% during the 1st quarter. Texas Permanent School Fund now owns 11,012 shares of the electronics maker’s stock valued at $342,000 after buying an additional 416 shares during the period. Comerica Bank boosted its stake in shares of Vicor by 2.9% during the 1st quarter. Comerica Bank now owns 16,031 shares of the electronics maker’s stock valued at $498,000 after buying an additional 454 shares during the period. Legal & General Group Plc boosted its stake in shares of Vicor by 1.5% during the 4th quarter. Legal & General Group Plc now owns 35,137 shares of the electronics maker’s stock valued at $1,325,000 after buying an additional 530 shares during the period. Finally, Pearl River Capital LLC bought a new position in shares of Vicor during the 4th quarter valued at $26,000. 28.80% of the stock is owned by institutional investors.
Vicor Company Profile
Vicor Corporation designs, develops, manufactures, and markets modular power components and power systems for converting electrical power worldwide. It operates through Brick Business Unit, VI Chip, and Picor segments. The company offers a range of brick-format DC-DC converters and configurable products; complementary components; and input and output voltage, and output power products, as well as electrical and mechanical accessories.
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