Vicor (NASDAQ:VICR) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Vicor (NASDAQ:VICR) from a hold rating to a buy rating in a research note published on Monday morning.

VICR has been the topic of several other research reports. Craig Hallum raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th. Needham & Company LLC reaffirmed a “hold” rating on shares of Vicor in a research report on Tuesday, February 18th.

Vicor Stock Performance

Shares of NASDAQ:VICR opened at $64.71 on Monday. The firm has a market cap of $2.92 billion, a P/E ratio of 124.44 and a beta of 1.51. Vicor has a 52-week low of $30.90 and a 52-week high of $65.70. The business’s 50 day simple moving average is $51.37 and its two-hundred day simple moving average is $47.37.

Vicor (NASDAQ:VICR) last announced its quarterly earnings results on Thursday, February 20th. The electronics maker reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.05. The business had revenue of $96.17 million for the quarter, compared to analysts’ expectations of $91.03 million. Vicor had a net margin of 6.46% and a return on equity of 4.29%.

Insider Activity at Vicor

In related news, Director Estia J. Eichten sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $55.51, for a total value of $444,080.00. Following the sale, the director now directly owns 230,267 shares of the company’s stock, valued at $12,782,121.17. This trade represents a 3.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Andrew D’amico sold 2,000 shares of Vicor stock in a transaction on Monday, January 6th. The stock was sold at an average price of $51.91, for a total transaction of $103,820.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,304 shares of company stock valued at $1,113,846. Corporate insiders own 31.00% of the company’s stock.

Institutional Trading of Vicor

Hedge funds have recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. raised its position in Vicor by 146.2% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,162 shares of the electronics maker’s stock worth $49,000 after purchasing an additional 690 shares during the period. Headlands Technologies LLC purchased a new stake in Vicor in the fourth quarter worth $140,000. Invesco LLC purchased a new position in Vicor during the 3rd quarter valued at $205,000. Truist Financial Corp bought a new position in Vicor in the fourth quarter worth about $213,000. Finally, Net Worth Advisory Group bought a new position in Vicor in the fourth quarter worth about $218,000. 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.