Vicor (NASDAQ:VICR) Upgraded at StockNews.com

StockNews.com upgraded shares of Vicor (NASDAQ:VICR) from a hold rating to a buy rating in a research report report published on Monday.

A number of other research firms have also recently commented on VICR. Needham & Company LLC restated a “hold” rating on shares of Vicor in a research report on Tuesday, February 18th. Craig Hallum raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th.

Vicor Stock Up 7.1 %

Shares of VICR stock opened at $64.71 on Monday. The firm has a market cap of $2.92 billion, a price-to-earnings ratio of 124.44 and a beta of 1.51. Vicor has a 12 month low of $30.90 and a 12 month high of $65.70. The stock has a 50-day moving average price of $51.37 and a 200 day moving average price of $47.37.

Vicor (NASDAQ:VICR) last posted its quarterly earnings results on Thursday, February 20th. The electronics maker reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.05. Vicor had a return on equity of 4.29% and a net margin of 6.46%. The company had revenue of $96.17 million for the quarter, compared to the consensus estimate of $91.03 million.

Insider Activity at Vicor

In other news, VP Claudio Tuozzolo sold 3,504 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $61.00, for a total value of $213,744.00. Following the transaction, the vice president now directly owns 34,622 shares of the company’s stock, valued at $2,111,942. This represents a 9.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andrew D’amico sold 1,800 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $62.89, for a total transaction of $113,202.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,304 shares of company stock valued at $1,113,846. 31.00% of the stock is owned by corporate insiders.

Institutional Trading of Vicor

Several hedge funds have recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. increased its position in Vicor by 146.2% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,162 shares of the electronics maker’s stock worth $49,000 after acquiring an additional 690 shares during the period. Headlands Technologies LLC acquired a new stake in Vicor in the fourth quarter valued at approximately $140,000. Invesco LLC bought a new stake in shares of Vicor during the third quarter worth $205,000. Truist Financial Corp acquired a new position in Vicor in the 4th quarter worth about $213,000. Finally, Net Worth Advisory Group bought a new position in Vicor in the 4th quarter valued at approximately $218,000. 47.45% of the stock is owned by institutional investors and hedge funds.

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.