Zacks Investment Research upgraded shares of Vicor (NASDAQ:VICR) from a sell rating to a hold rating in a research note released on Tuesday, 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. “
Several other research firms have also recently weighed in on VICR. Northland Securities restated a buy rating and set a $39.00 price target on shares of Vicor in a report on Wednesday, April 24th. ValuEngine upgraded Vicor from a hold rating to a buy rating in a report on Thursday, August 1st. BidaskClub upgraded Vicor from a sell rating to a hold rating in a report on Friday, July 19th. Craig Hallum initiated coverage on Vicor in a report on Monday, August 12th. They set a buy rating and a $43.00 price target for the company. Finally, CJS Securities initiated coverage on Vicor in a report on Monday, June 10th. They set a buy rating and a $40.00 price target for the company. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $39.50.
NASDAQ VICR opened at $30.98 on Tuesday. The stock has a market capitalization of $1.23 billion, a PE ratio of 39.72 and a beta of 0.70. The business has a 50 day simple moving average of $30.59 and a two-hundred day simple moving average of $32.31. Vicor has a 1-year low of $26.50 and a 1-year high of $63.75.
Vicor (NASDAQ:VICR) last released its quarterly earnings results on Thursday, July 25th. The electronics maker reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.06). The firm had revenue of $63.36 million for the quarter, compared to analysts’ expectations of $68.00 million. Vicor had a net margin of 9.53% and a return on equity of 14.37%. Equities analysts predict that Vicor will post 0.55 EPS for the current fiscal year.
Large investors have recently bought and sold shares of the company. US Bancorp DE lifted its stake in shares of Vicor by 56.0% in the 2nd quarter. US Bancorp DE now owns 986 shares of the electronics maker’s stock valued at $31,000 after purchasing an additional 354 shares during the last quarter. Aperio Group LLC bought a new stake in shares of Vicor in the 2nd quarter valued at approximately $54,000. Bank of Montreal Can lifted its stake in shares of Vicor by 178.6% in the 2nd quarter. Bank of Montreal Can now owns 2,329 shares of the electronics maker’s stock valued at $72,000 after purchasing an additional 1,493 shares during the last quarter. Quantamental Technologies LLC lifted its stake in shares of Vicor by 44.9% during the 1st quarter. Quantamental Technologies LLC now owns 2,881 shares of the electronics maker’s stock worth $89,000 after acquiring an additional 893 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its stake in shares of Vicor by 1,714.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,810 shares of the electronics maker’s stock worth $118,000 after acquiring an additional 3,600 shares during the last quarter. 29.06% of the stock is owned by institutional investors and hedge funds.
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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