BidaskClub upgraded shares of Vicor (NASDAQ:VICR) from a hold rating to a buy rating in a research note issued to investors on Thursday, BidAskClub reports.
VICR has been the topic of a number of other reports. CJS Securities initiated coverage on shares of Vicor in a report on Monday, June 10th. They issued a buy rating and a $40.00 target price on the stock. ValuEngine raised shares of Vicor from a hold rating to a buy rating in a report on Thursday, August 1st. Craig Hallum initiated coverage on shares of Vicor in a report on Monday, August 12th. They issued a buy rating and a $43.00 target price on the stock. Finally, Zacks Investment Research raised shares of Vicor from a sell rating to a hold rating in a report on Tuesday, August 20th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $39.50.
Shares of VICR stock opened at $33.55 on Thursday. The firm’s 50-day moving average is $30.16 and its 200-day moving average is $31.54. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 43.01 and a beta of 0.70. Vicor has a 52-week low of $26.50 and a 52-week high of $54.35.
Vicor (NASDAQ:VICR) last issued its earnings results on Thursday, July 25th. The electronics maker reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.06). The firm had revenue of $63.36 million during 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%. As a group, research analysts anticipate that Vicor will post 0.55 EPS for the current fiscal year.
In other Vicor news, VP Alex Gusinov sold 5,060 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $31.50, for a total value of $159,390.00. Following the transaction, the vice president now directly owns 11,715 shares of the company’s stock, valued at approximately $369,022.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 56.06% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. US Bancorp DE raised its holdings in 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 acquiring an additional 354 shares during the period. Texas Permanent School Fund grew its position in shares of Vicor by 3.9% during the 1st quarter. Texas Permanent School Fund now owns 11,012 shares of the electronics maker’s stock worth $342,000 after purchasing an additional 416 shares in the last quarter. Comerica Bank grew its position in shares of Vicor by 2.9% during the 1st quarter. Comerica Bank now owns 16,031 shares of the electronics maker’s stock worth $498,000 after purchasing an additional 454 shares in the last quarter. Swiss National Bank grew its position in shares of Vicor by 2.1% during the 2nd quarter. Swiss National Bank now owns 34,332 shares of the electronics maker’s stock worth $1,066,000 after purchasing an additional 700 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its position in shares of Vicor by 4.3% during the 2nd 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 in the last quarter. 29.68% of the stock is currently owned by hedge funds and other institutional investors.
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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