Vicor (NASDAQ:VICR) Downgraded to Strong Sell at Zacks Investment Research

Zacks Investment Research cut shares of Vicor (NASDAQ:VICR) from a hold rating to a strong sell rating in a report published on Wednesday, Zacks.com reports.

According to Zacks, “Vicor Corporation designs, manufactures and markets innovative, high performance modular power components, from bricks to semiconductor-centric solutions, to enable customers to efficiently convert and manage power from the wall plug to the point-of-load. Vicor offers comprehensive product lines addressing a broad range of power conversion and management requirements across all power distribution architectures, including CPA, DPA, IBA, FPA and CBA. Vicor focuses on solutions for performance-critical applications in the following markets: enterprise and high performance computing, telecommunications and network infrastructure, industrial equipment and automation, vehicles and transportation and aerospace and defense electronics. Vicor’s holistic approach gives power system architects the flexibility to choose from modular, plug-and-play components ranging from bricks to semiconductor-centric solutions. “

Other equities research analysts also recently issued research reports about the stock. Craig Hallum boosted their target price on shares of Vicor from $150.00 to $200.00 and gave the stock a buy rating in a research report on Monday, October 4th. Northland Securities assumed coverage on shares of Vicor in a research report on Friday, July 23rd. They issued a hold rating and a $100.00 target price for the company. Finally, Needham & Company LLC boosted their target price on shares of Vicor from $125.00 to $165.00 and gave the stock a buy rating in a research report on Friday, October 22nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Vicor currently has a consensus rating of Hold and a consensus target price of $141.20.

Vicor stock opened at $146.08 on Wednesday. Vicor has a 12-month low of $73.71 and a 12-month high of $156.96. The company has a market capitalization of $6.37 billion, a price-to-earnings ratio of 127.03 and a beta of 0.68. The firm’s fifty day moving average price is $129.93 and its 200 day moving average price is $107.82.

Vicor (NASDAQ:VICR) last released its earnings results on Wednesday, October 20th. The electronics maker reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.15). Vicor had a return on equity of 14.18% and a net margin of 14.85%. During the same quarter in the prior year, the company posted $0.13 earnings per share. As a group, sell-side analysts predict that Vicor will post 1.64 earnings per share for the current year.

In other Vicor news, CEO Patrizio Vinciarelli sold 26,469 shares of the business’s stock in a transaction dated Monday, August 2nd. The shares were sold at an average price of $117.14, for a total transaction of $3,100,578.66. Following the completion of the transaction, the chief executive officer now directly owns 9,758,893 shares of the company’s stock, valued at approximately $1,143,156,726.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael Mcnamara sold 13,469 shares of the business’s stock in a transaction dated Tuesday, October 26th. The shares were sold at an average price of $154.55, for a total transaction of $2,081,633.95. The disclosure for this sale can be found here. Insiders sold a total of 133,791 shares of company stock valued at $16,997,247 over the last ninety days. Company insiders own 33.10% of the company’s stock.

Several large investors have recently modified their holdings of the company. New York State Common Retirement Fund lifted its stake in shares of Vicor by 0.4% in the 2nd quarter. New York State Common Retirement Fund now owns 37,847 shares of the electronics maker’s stock worth $4,002,000 after acquiring an additional 159 shares during the period. Mutual of America Capital Management LLC lifted its stake in shares of Vicor by 6.9% in the 2nd quarter. Mutual of America Capital Management LLC now owns 3,026 shares of the electronics maker’s stock worth $320,000 after acquiring an additional 194 shares during the period. ProShare Advisors LLC lifted its stake in shares of Vicor by 4.5% in the 2nd quarter. ProShare Advisors LLC now owns 6,054 shares of the electronics maker’s stock worth $640,000 after acquiring an additional 260 shares during the period. State of Alaska Department of Revenue lifted its stake in shares of Vicor by 2.5% in the 2nd quarter. State of Alaska Department of Revenue now owns 14,720 shares of the electronics maker’s stock worth $1,556,000 after acquiring an additional 360 shares during the period. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Vicor by 9.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 4,378 shares of the electronics maker’s stock worth $463,000 after acquiring an additional 361 shares during the period. 38.31% of the stock is owned by institutional investors.

Vicor Company Profile

Vicor Corp. engages in the design, development, manufacture, and marketing of modular power components. The firm provides complete power systems based upon a portfolio of patented technologies. Its products include AC-DC converters, power systems, and accessories. The company was founded by Patrizio Vinciarelli in 1981 and is headquartered in Andover, MA.

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