Vicor (NASDAQ:VICR) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Vicor (NASDAQ:VICR – Get Rating) in a research note published on Thursday. The firm issued a hold rating on the electronics maker’s stock.

Other equities analysts have also issued reports about the company. Craig Hallum lowered Vicor from a buy rating to a hold rating and lowered their target price for the company from $70.00 to $45.00 in a report on Friday, February 24th. Needham & Company LLC reaffirmed a buy rating and set a $65.00 target price on shares of Vicor in a report on Friday, February 24th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Vicor presently has an average rating of Moderate Buy and a consensus price target of $57.67.

Vicor Stock Down 2.7 %

Shares of NASDAQ VICR opened at $41.56 on Thursday. The stock’s 50 day moving average price is $57.96 and its two-hundred day moving average price is $56.27. Vicor has a 52-week low of $38.71 and a 52-week high of $82.39. The stock has a market capitalization of $1.83 billion, a P/E ratio of 58.54 and a beta of 1.34.

Vicor (NASDAQ:VICR – Get Rating) last announced its quarterly earnings data on Thursday, February 23rd. The electronics maker reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.07). Vicor had a net margin of 7.95% and a return on equity of 7.08%. The firm had revenue of $105.49 million for the quarter, compared to analyst estimates of $103.23 million. During the same quarter in the previous year, the company earned $0.20 EPS. The company’s quarterly revenue was up 16.8% compared to the same quarter last year.

Insider Buying and Selling

In related news, Director Andrew D’amico sold 1,000 shares of the stock in a transaction that occurred on Monday, January 23rd. The stock was sold at an average price of $70.00, for a total value of $70,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Andrew D’amico sold 1,000 shares of the stock in a transaction that occurred on Monday, January 23rd. The stock was sold at an average price of $70.00, for a total value of $70,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Sean Crilly sold 23,170 shares of the stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $43.07, for a total value of $997,931.90. Following the completion of the transaction, the vice president now directly owns 23,416 shares of the company’s stock, valued at $1,008,527.12. The disclosure for this sale can be found here. Insiders sold 25,170 shares of company stock valued at $1,127,932 in the last three months. 31.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Vicor

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VICR. Lazard Asset Management LLC bought a new position in Vicor in the 2nd quarter worth approximately $48,000. Royal Bank of Canada boosted its stake in Vicor by 51.8% during the 3rd quarter. Royal Bank of Canada now owns 894 shares of the electronics maker’s stock valued at $53,000 after purchasing an additional 305 shares in the last quarter. Federated Hermes Inc. boosted its stake in Vicor by 51.9% during the 3rd quarter. Federated Hermes Inc. now owns 992 shares of the electronics maker’s stock valued at $59,000 after purchasing an additional 339 shares in the last quarter. Captrust Financial Advisors boosted its stake in Vicor by 109.3% during the 1st quarter. Captrust Financial Advisors now owns 898 shares of the electronics maker’s stock valued at $63,000 after purchasing an additional 469 shares in the last quarter. Finally, Covestor Ltd boosted its stake in Vicor by 132.4% during the 1st quarter. Covestor Ltd now owns 960 shares of the electronics maker’s stock valued at $68,000 after purchasing an additional 547 shares in the last quarter. 41.50% of the stock is owned by institutional investors.

Vicor Company Profile

(Get Rating)

Vicor Corp. engages in the design, development, manufacture, and marketing of modular power components. The firm provides complete power systems based upon a portfolio of patented technologies. Its products include AC-DC converters, power systems, and accessories. The company was founded by Patrizio Vinciarelli in 1981 and is headquartered in Andover, MA.