Vicor (NASDAQ:VICR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Vicor (NASDAQ:VICR) from a buy rating to a strong-buy rating in a report released on Saturday morning.

Several other equities research analysts have also recently weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of Vicor in a report on Wednesday, October 8th. Needham & Company LLC set a $90.00 price objective on Vicor and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Finally, Craig Hallum upgraded shares of Vicor from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a report on Wednesday, October 22nd. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $90.00.

Vicor Stock Performance

VICR stock opened at $87.08 on Friday. The firm has a market cap of $3.89 billion, a P/E ratio of 47.58 and a beta of 1.81. The firm’s fifty day moving average is $66.95 and its 200 day moving average is $53.32. Vicor has a 52 week low of $38.92 and a 52 week high of $101.00.

Vicor (NASDAQ:VICR) last posted its quarterly earnings results on Tuesday, October 21st. The electronics maker reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.43. Vicor had a net margin of 18.63% and a return on equity of 13.77%. The business had revenue of $110.42 million during the quarter, compared to the consensus estimate of $95.40 million. During the same period in the previous year, the firm posted $0.26 earnings per share. The firm’s revenue for the quarter was up 18.5% on a year-over-year basis.

Insider Activity

In related news, VP Sean Crilly sold 12,000 shares of the company’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $89.61, for a total transaction of $1,075,320.00. Following the completion of the transaction, the vice president owned 15,532 shares in the company, valued at $1,391,822.52. This represents a 43.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Philip D. Davies sold 15,763 shares of Vicor stock in a transaction on Friday, October 24th. The shares were sold at an average price of $92.07, for a total transaction of $1,451,299.41. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 139,239 shares of company stock valued at $12,454,314. 31.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Vicor

Several hedge funds and other institutional investors have recently modified their holdings of the stock. CWM LLC lifted its holdings in Vicor by 33.3% in the first quarter. CWM LLC now owns 3,211 shares of the electronics maker’s stock worth $150,000 after buying an additional 802 shares during the period. Private Advisor Group LLC bought a new position in shares of Vicor in the 1st quarter worth approximately $405,000. Pinnacle Associates Ltd. lifted its stake in shares of Vicor by 29.0% in the 1st quarter. Pinnacle Associates Ltd. now owns 356,011 shares of the electronics maker’s stock valued at $16,654,000 after purchasing an additional 80,105 shares during the period. Manchester Capital Management LLC lifted its stake in shares of Vicor by 76.8% in the 1st quarter. Manchester Capital Management LLC now owns 610 shares of the electronics maker’s stock valued at $29,000 after purchasing an additional 265 shares during the period. Finally, Blair William & Co. IL boosted its position in shares of Vicor by 12.6% during the first quarter. Blair William & Co. IL now owns 4,910 shares of the electronics maker’s stock valued at $230,000 after purchasing an additional 550 shares in the last quarter. Hedge funds and other institutional investors own 47.45% of the company’s stock.

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.