Vicor’s (VICR) “Hold” Rating Reaffirmed at Needham & Company LLC

Vicor (NASDAQ:VICR)‘s stock had its “hold” rating reissued by Needham & Company LLC in a research report issued on Wednesday, Benzinga reports.

Other equities research analysts also recently issued research reports about the stock. Craig Hallum reduced their price target on shares of Vicor from $40.00 to $35.00 and set a “hold” rating for the company in a research report on Wednesday, April 24th. StockNews.com upgraded Vicor from a “sell” rating to a “hold” rating in a report on Friday, May 24th.

Vicor Stock Up 1.2 %

Shares of NASDAQ VICR opened at $38.43 on Wednesday. Vicor has a 12 month low of $30.90 and a 12 month high of $98.38. The company has a market cap of $1.71 billion, a price-to-earnings ratio of 38.43 and a beta of 1.50. The business has a fifty day simple moving average of $34.75 and a 200-day simple moving average of $36.50.

Vicor (NASDAQ:VICR) last posted its quarterly earnings data on Tuesday, July 23rd. The electronics maker reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.12). Vicor had a return on equity of 4.99% and a net margin of 7.20%. The company had revenue of $85.90 million for the quarter, compared to analyst estimates of $81.77 million. During the same quarter in the previous year, the firm posted $0.38 EPS. Vicor’s quarterly revenue was down 19.5% on a year-over-year basis.

Insider Transactions at Vicor

In related news, VP Nancy L. Grava sold 1,277 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $33.91, for a total transaction of $43,303.07. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders sold 2,150 shares of company stock valued at $72,275 over the last three months. 31.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Vicor

Several institutional investors and hedge funds have recently modified their holdings of VICR. GSA Capital Partners LLP grew its stake in Vicor by 130.9% in the fourth quarter. GSA Capital Partners LLP now owns 52,775 shares of the electronics maker’s stock valued at $2,372,000 after purchasing an additional 29,921 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Vicor by 32.2% in the 1st quarter. BNP Paribas Financial Markets now owns 93,612 shares of the electronics maker’s stock valued at $3,580,000 after buying an additional 22,797 shares in the last quarter. Ontario Teachers Pension Plan Board acquired a new position in Vicor in the fourth quarter worth approximately $1,219,000. Sapient Capital LLC bought a new position in Vicor during the fourth quarter valued at approximately $2,007,000. Finally, Yousif Capital Management LLC lifted its stake in Vicor by 8.7% in the fourth quarter. Yousif Capital Management LLC now owns 11,280 shares of the electronics maker’s stock valued at $507,000 after acquiring an additional 900 shares during the last quarter. 47.45% of the stock is currently owned by hedge funds and other institutional investors.

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.