Vicor (NASDAQ:VICR) Shares Up 4.8%

Vicor Co. (NASDAQ:VICR)’s share price rose 4.8% during mid-day trading on Thursday . The company traded as high as $33.94 and last traded at $33.57. Approximately 116,581 shares traded hands during mid-day trading, a decline of 56% from the average daily volume of 267,854 shares. The stock had previously closed at $32.03.

Analyst Ratings Changes

VICR has been the subject of a number of research analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Vicor in a report on Wednesday. StockNews.com raised shares of Vicor from a “sell” rating to a “hold” rating in a report on Saturday, April 20th. Finally, Craig Hallum dropped their target price on shares of Vicor from $40.00 to $35.00 and set a “hold” rating for the company in a report on Wednesday.

Vicor Trading Up 2.8 %

The stock has a market capitalization of $1.53 billion, a PE ratio of 34.41 and a beta of 1.53. The company’s 50 day simple moving average is $37.40 and its 200 day simple moving average is $40.10.

Vicor (NASDAQ:VICR) last announced its quarterly 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 during the quarter, compared to analyst estimates of $84.83 million. Vicor had a net margin of 11.49% and a return on equity of 8.48%. The firm’s revenue for the quarter was down 14.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.25 EPS.

Insiders Place Their Bets

In other Vicor news, VP Robert Gendron sold 2,000 shares of the business’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 in the company, valued at approximately $197,924.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, VP Robert Gendron sold 2,000 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $36.83, for a total value of $73,660.00. Following the completion of the sale, the vice president now owns 5,374 shares of the company’s stock, valued at approximately $197,924.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Kemble D. Morrison sold 2,659 shares of the business’s stock in a transaction dated 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. Insiders have sold 4,999 shares of company stock worth $184,990 in the last quarter. 31.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Vicor

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Byrne Asset Management LLC bought a new stake in shares of Vicor during the 4th quarter valued at about $35,000. PNC Financial Services Group Inc. grew its position in shares of Vicor by 37.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,111 shares of the electronics maker’s stock valued at $50,000 after buying an additional 303 shares during the last quarter. New Mexico Educational Retirement Board bought a new stake in shares of Vicor during the 1st quarter valued at about $172,000. Acadian Asset Management LLC grew its position in shares of Vicor by 30.0% during the 3rd quarter. Acadian Asset Management LLC now owns 3,056 shares of the electronics maker’s stock valued at $178,000 after buying an additional 706 shares during the last quarter. Finally, Federated Hermes Inc. grew its position in shares of Vicor by 913.5% during the 3rd quarter. Federated Hermes Inc. now owns 3,456 shares of the electronics maker’s stock valued at $204,000 after buying an additional 3,115 shares during the last quarter. 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.