Research analysts at StockNews.com initiated coverage on shares of Vicor (NASDAQ:VICR – Get Free Report) in a research note issued to investors on Thursday. The firm set a “hold” rating on the electronics maker’s stock.
A number of other research analysts have also recently commented on VICR. Needham & Company LLC upped their price target on Vicor from $65.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, July 26th. Craig Hallum upgraded shares of Vicor from a “hold” rating to a “buy” rating and boosted their target price for the company from $60.00 to $80.00 in a report on Wednesday, July 26th. Finally, 22nd Century Group reaffirmed a “maintains” rating on shares of Vicor in a research note on Monday, June 26th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $72.67.
View Our Latest Stock Report on VICR
Vicor Price Performance
Vicor (NASDAQ:VICR – Get Free Report) last released its quarterly earnings results on Tuesday, July 25th. The electronics maker reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.15. The firm had revenue of $106.70 million during the quarter, compared to the consensus estimate of $97.97 million. Vicor had a net margin of 10.77% and a return on equity of 9.37%. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.24 earnings per share.
Insider Activity
In other news, VP Claudio Tuozzolo sold 3,675 shares of the stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $96.80, for a total value of $355,740.00. Following the completion of the sale, the vice president now owns 41,282 shares in the company, valued at $3,996,097.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Andrew D’amico sold 2,000 shares of the stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $85.00, for a total transaction of $170,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Claudio Tuozzolo sold 3,675 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $96.80, for a total value of $355,740.00. Following the sale, the vice president now directly owns 41,282 shares of the company’s stock, valued at $3,996,097.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,700 shares of company stock valued at $527,949. 31.30% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Vicor
Several hedge funds and other institutional investors have recently modified their holdings of VICR. BlackRock Inc. lifted its holdings in shares of Vicor by 0.5% during the first quarter. BlackRock Inc. now owns 2,477,074 shares of the electronics maker’s stock valued at $116,274,000 after purchasing an additional 11,706 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Vicor by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 2,140,612 shares of the electronics maker’s stock valued at $151,020,000 after purchasing an additional 40,996 shares during the last quarter. Brown Capital Management LLC grew its holdings in shares of Vicor by 6.5% in the second quarter. Brown Capital Management LLC now owns 2,062,437 shares of the electronics maker’s stock worth $111,372,000 after purchasing an additional 126,195 shares during the last quarter. Capital Research Global Investors raised its position in shares of Vicor by 53.1% in the 1st quarter. Capital Research Global Investors now owns 1,625,517 shares of the electronics maker’s stock worth $114,680,000 after acquiring an additional 563,884 shares in the last quarter. Finally, Invesco Ltd. raised its stake in Vicor by 1.0% in the 1st quarter. Invesco Ltd. now owns 1,312,499 shares of the electronics maker’s stock worth $92,596,000 after acquiring an additional 12,892 shares during the last quarter. 47.45% of the stock is currently owned by institutional investors.
Vicor Company Profile
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 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.
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