Vicor (NASDAQ:VICR) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of Vicor (NASDAQ:VICR) from a hold rating to a sell rating in a research report released on Sunday.

VICR has been the topic of several other reports. Craig Hallum cut their price target on Vicor from $40.00 to $35.00 and set a hold rating on the stock in a research report on Wednesday, April 24th. Needham & Company LLC reissued a hold rating on shares of Vicor in a research note on Wednesday, April 24th.

Vicor Stock Down 5.6 %

Vicor stock opened at $32.38 on Friday. The business has a fifty day moving average of $36.85 and a two-hundred day moving average of $39.54. The firm has a market cap of $1.44 billion, a P/E ratio of 32.38 and a beta of 1.53. Vicor has a twelve month low of $30.90 and a twelve month high of $98.38.

Vicor (NASDAQ:VICR) last posted its earnings results on Tuesday, April 23rd. The electronics maker reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.04). The company had revenue of $83.80 million for the quarter, compared to analysts’ expectations of $84.83 million. Vicor had a return on equity of 8.48% and a net margin of 11.49%. The firm’s quarterly revenue was down 14.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.25 EPS.

Insider Transactions at Vicor

In other news, VP Robert Gendron sold 2,000 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $36.83, for a total transaction of $73,660.00. Following the sale, the vice president now directly owns 5,374 shares of the company’s stock, valued at approximately $197,924.42. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, VP Kemble D. Morrison sold 2,659 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $37.00, for a total value of $98,383.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Robert Gendron sold 2,000 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $36.83, for a total transaction of $73,660.00. Following the completion of the transaction, the vice president now directly owns 5,374 shares in the company, valued at $197,924.42. The disclosure for this sale can be found here. Insiders have sold a total of 4,999 shares of company stock valued at $184,990 in the last ninety days. 31.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. lifted its stake in Vicor by 3.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 172,385 shares of the electronics maker’s stock valued at $10,152,000 after buying an additional 5,199 shares in the last quarter. Schonfeld Strategic Advisors LLC purchased a new position in Vicor in the 3rd quarter valued at about $760,000. Teachers Retirement System of The State of Kentucky lifted its stake in Vicor by 12.1% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 22,264 shares of the electronics maker’s stock valued at $1,311,000 after buying an additional 2,400 shares in the last quarter. Aigen Investment Management LP purchased a new position in Vicor in the 3rd quarter worth approximately $1,241,000. Finally, Principal Financial Group Inc. lifted its stake in Vicor by 105.9% in the 3rd quarter. Principal Financial Group Inc. now owns 175,180 shares of the electronics maker’s stock worth $10,316,000 after purchasing an additional 90,099 shares in the last quarter. 47.45% of the stock is owned by hedge funds and other institutional investors.

About Vicor

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.