Vicor (NASDAQ:VICR) Stock Rating Raised to Strong-Buy at Zacks Research

Vicor (NASDAQ:VICR – Get Free Report) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Thursday, Zacks reports.

Several other equities research analysts also recently weighed in on the stock. Weiss Ratings downgraded shares of Vicor from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, September 18th. Roth Capital reaffirmed a “buy” rating and set a $375.00 price target on shares of Vicor in a research report on Tuesday, September 22nd. Craig Hallum lifted their price target on Vicor to $450.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Finally, Needham & Company LLC boosted their price objective on Vicor from $320.00 to $350.00 and gave the company a “buy” rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $391.67.

Check Out Our Latest Research Report on Vicor

Vicor Trading Up 0.1%

Vicor stock opened at $308.90 on Thursday. Vicor has a 52 week low of $48.53 and a 52 week high of $382.65. The stock has a market cap of $14.24 billion, a P/E ratio of 99.01 and a beta of 2.37. The stock has a 50 day moving average of $219.16 and a 200-day moving average of $243.54.

Vicor (NASDAQ:VICR – Get Free Report) last issued its quarterly earnings results on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.39. Vicor had a net margin of 30.65% and a return on equity of 19.83%. The business had revenue of $143.35 million during the quarter, compared to analyst estimates of $138.37 million. During the same quarter in the previous year, the firm earned $0.91 earnings per share. The business’s revenue was up 49.3% compared to the same quarter last year. As a group, equities analysts predict that Vicor will post 3.76 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Patrizio Vinciarelli sold 700 shares of the stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $302.40, for a total transaction of $211,680.00. Following the sale, the chief executive officer directly owned 8,347,390 shares in the company, valued at approximately $2,524,250,736. This represents a 0.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Philip Davies sold 3,073 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $177.70, for a total value of $546,072.10. Following the transaction, the vice president owned 1,920 shares of the company’s stock, valued at $341,184. This represents a 61.55% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 7,753 shares of company stock valued at $1,635,064. 28.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Vicor

A number of hedge funds have recently added to or reduced their stakes in VICR. Harbour Investments Inc. bought a new position in shares of Vicor during the fourth quarter worth about $32,000. Blue Trust Inc. lifted its position in Vicor by 1,814.3% in the 1st quarter. Blue Trust Inc. now owns 268 shares of the electronics maker’s stock valued at $43,000 after purchasing an additional 254 shares during the last quarter. ROSS JOHNSON & Associates LLC lifted its position in Vicor by 13,750.0% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 277 shares of the electronics maker’s stock valued at $45,000 after purchasing an additional 275 shares during the last quarter. Meeder Asset Management Inc. boosted its stake in Vicor by 189.4% during the 1st quarter. Meeder Asset Management Inc. now owns 301 shares of the electronics maker’s stock valued at $48,000 after purchasing an additional 197 shares during the period. Finally, Carolina Wealth Advisors LLC grew its position in Vicor by 70.9% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 147 shares of the electronics maker’s stock worth $56,000 after purchasing an additional 61 shares during the last quarter. 47.45% of the stock is currently owned by institutional investors.

Key Stories Impacting Vicor

Here are the key news stories impacting Vicor this week:

About Vicor

(Get Free Report)

Vicor Corporation (NASDAQ:VICR) designs, develops, manufactures and markets modular power-conversion products and systems. Its technologies are used to convert, regulate and distribute electrical power in electronic equipment, with an emphasis on compact, efficient and scalable power-delivery architectures.

The company’s product portfolio includes AC-to-DC and DC-to-DC converters, power modules, power systems and related components. Vicor’s Factorized Power Architecture and associated products are designed to support power delivery from the source to processors, memory, communications equipment and other demanding loads.

Founded in 1981 and headquartered in Andover, Massachusetts, Vicor serves customers and markets worldwide.

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Analyst Recommendations for Vicor (NASDAQ:VICR)

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