Vicor (NASDAQ:VICR) Rating Reiterated by Needham & Company LLC

Needham & Company LLC restated their hold rating on shares of Vicor (NASDAQ:VICR) in a research note issued to investors on Wednesday, Benzinga reports.

A number of other equities analysts have also recently weighed in on the company. Craig Hallum cut Vicor from a buy rating to a hold rating and set a $40.00 price target for the company. in a report on Friday, February 23rd. StockNews.com upgraded shares of Vicor from a sell rating to a hold rating in a report on Saturday, April 20th.

Vicor Stock Performance

Shares of VICR stock opened at $34.41 on Wednesday. The stock has a market cap of $1.53 billion, a PE ratio of 34.41 and a beta of 1.53. Vicor has a 1 year low of $30.90 and a 1 year high of $98.38. The stock has a fifty day moving average price of $37.40 and a 200 day moving average price of $39.97.

Vicor (NASDAQ:VICR) last released its quarterly earnings data 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 return on equity of 8.48% and a net margin of 11.49%. The business had revenue of $83.80 million during the quarter, compared to analysts’ expectations of $84.83 million. Vicor’s quarterly revenue was down 14.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.25 earnings per share.

Insider Buying and Selling

In other news, VP Robert Gendron sold 2,000 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $36.83, for a total value of $73,660.00. Following the transaction, the vice president now directly owns 5,374 shares in the company, valued at approximately $197,924.42. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, VP Robert Gendron sold 2,000 shares of the firm’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $36.83, for a total value of $73,660.00. Following the transaction, the vice president now owns 5,374 shares of the company’s stock, valued at approximately $197,924.42. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Kemble D. Morrison sold 2,659 shares of the company’s stock in a transaction on 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 ninety days, insiders have sold 4,999 shares of company stock valued at $184,990. 31.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Vicor

Institutional investors have recently added to or reduced their stakes in the company. Byrne Asset Management LLC acquired a new stake in shares of Vicor during the fourth quarter valued at about $35,000. PNC Financial Services Group Inc. boosted its holdings in Vicor by 37.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,111 shares of the electronics maker’s stock valued at $50,000 after purchasing an additional 303 shares during the last quarter. New Mexico Educational Retirement Board acquired a new stake in Vicor during the 1st quarter valued at approximately $172,000. Acadian Asset Management LLC increased its holdings in Vicor by 30.0% during the 3rd quarter. Acadian Asset Management LLC now owns 3,056 shares of the electronics maker’s stock worth $178,000 after purchasing an additional 706 shares during the last quarter. Finally, Federated Hermes Inc. raised its position in shares of Vicor by 913.5% in the 3rd quarter. Federated Hermes Inc. now owns 3,456 shares of the electronics maker’s stock valued at $204,000 after purchasing an additional 3,115 shares in the last quarter. Institutional investors and hedge funds 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.