ValuEngine upgraded shares of Vicor (NASDAQ:VICR) from a hold rating to a buy rating in a report published on Thursday morning, ValuEngine reports.
A number of other analysts have also recently issued reports on the company. Zacks Investment Research cut Vicor from a hold rating to a sell rating in a research report on Friday, July 19th. Northland Securities restated a buy rating and set a $39.00 price objective on shares of Vicor in a research report on Wednesday, April 24th. CJS Securities initiated coverage on Vicor in a research report on Monday, June 10th. They set a buy rating and a $40.00 price objective on the stock. Finally, BidaskClub upgraded Vicor from a sell rating to a hold rating in a research report on Friday, July 19th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $38.33.
NASDAQ VICR traded down $0.40 during trading on Thursday, hitting $29.18. The company’s stock had a trading volume of 248,511 shares, compared to its average volume of 205,339. The business’s 50 day moving average is $30.95. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 37.41 and a beta of 0.70. Vicor has a 52 week low of $27.82 and a 52 week high of $64.50.
Vicor (NASDAQ:VICR) last released its quarterly earnings data on Thursday, July 25th. The electronics maker reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.06). The firm had revenue of $63.36 million for the quarter, compared to the consensus estimate of $68.00 million. Vicor had a net margin of 9.53% and a return on equity of 14.37%. Sell-side analysts forecast that Vicor will post 0.55 EPS for the current year.
Large investors have recently made changes to their positions in the business. Swiss National Bank grew its stake in shares of Vicor by 2.1% during the second quarter. Swiss National Bank now owns 34,332 shares of the electronics maker’s stock valued at $1,066,000 after buying an additional 700 shares during the last quarter. Aperio Group LLC bought a new position in shares of Vicor during the second quarter valued at about $54,000. Los Angeles Capital Management & Equity Research Inc. boosted its holdings in shares of Vicor by 122.5% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 24,630 shares of the electronics maker’s stock worth $765,000 after purchasing an additional 13,560 shares during the period. Artemis Investment Management LLP boosted its holdings in shares of Vicor by 58.2% during the second quarter. Artemis Investment Management LLP now owns 239,808 shares of the electronics maker’s stock worth $7,250,000 after purchasing an additional 88,179 shares during the period. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of Vicor by 4.3% during the second quarter. Commonwealth Equity Services LLC now owns 25,239 shares of the electronics maker’s stock worth $783,000 after purchasing an additional 1,050 shares during the period. Hedge funds and other institutional investors own 28.97% of the company’s stock.
Vicor Company Profile
Vicor Corporation designs, develops, manufactures, and markets modular power components and power systems for converting electrical power worldwide. It operates through Brick Business Unit, VI Chip, and Picor segments. The company offers a range of brick-format DC-DC converters and configurable products; complementary components; and input and output voltage, and output power products, as well as electrical and mechanical accessories.
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