Vicor (NASDAQ:VICR) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Vicor Co. (NASDAQ:VICR) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $38.13 and traded as high as $59.42. Vicor shares last traded at $57.07, with a volume of 354,298 shares trading hands.

Wall Street Analyst Weigh In

Several research firms have commented on VICR. Craig Hallum lifted their price target on shares of Vicor from $35.00 to $43.00 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. Needham & Company LLC reiterated a “hold” rating on shares of Vicor in a research report on Wednesday, October 23rd.

Vicor Trading Down 2.2 %

The firm has a fifty day moving average of $42.91 and a two-hundred day moving average of $38.13. The company has a market capitalization of $2.58 billion, a PE ratio of 118.90 and a beta of 1.48.

Vicor (NASDAQ:VICR) last issued its earnings results on Tuesday, October 22nd. The electronics maker reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.13. Vicor had a net margin of 6.08% and a return on equity of 4.00%. The firm had revenue of $93.17 million for the quarter, compared to analysts’ expectations of $85.23 million. During the same quarter last year, the business earned $0.37 earnings per share. The business’s revenue was down 13.6% on a year-over-year basis.

Hedge Funds Weigh In On Vicor

Hedge funds and other institutional investors have recently modified their holdings of the company. Susquehanna Fundamental Investments LLC purchased a new position in Vicor during the 1st quarter valued at about $264,000. State Board of Administration of Florida Retirement System increased its stake in shares of Vicor by 27.7% during the first quarter. State Board of Administration of Florida Retirement System now owns 8,161 shares of the electronics maker’s stock valued at $312,000 after buying an additional 1,770 shares during the period. Vanguard Group Inc. raised its holdings in shares of Vicor by 0.7% during the first quarter. Vanguard Group Inc. now owns 2,495,769 shares of the electronics maker’s stock valued at $95,438,000 after acquiring an additional 18,331 shares in the last quarter. Ontario Teachers Pension Plan Board lifted its stake in Vicor by 25.2% in the first quarter. Ontario Teachers Pension Plan Board now owns 33,968 shares of the electronics maker’s stock worth $1,299,000 after acquiring an additional 6,834 shares during the period. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in Vicor by 7.9% in the first quarter. CANADA LIFE ASSURANCE Co now owns 18,941 shares of the electronics maker’s stock valued at $723,000 after acquiring an additional 1,392 shares in the last quarter. 47.45% of the stock is 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, 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.