Vicor (NASDAQ:VICR) Stock Rating Reaffirmed by Needham & Company LLC

Vicor (NASDAQ:VICR)‘s stock had its “hold” rating reissued by research analysts at Needham & Company LLC in a research report issued on Wednesday, Benzinga reports.

Vicor Stock Down 6.0 %

VICR stock opened at $46.41 on Wednesday. Vicor has a 12 month low of $30.90 and a 12 month high of $51.89. The firm has a market cap of $2.07 billion, a P/E ratio of 46.41 and a beta of 1.51. The company’s 50-day moving average price is $39.19 and its two-hundred day moving average price is $36.54.

Vicor (NASDAQ:VICR) last released its earnings results on Tuesday, October 22nd. The electronics maker reported $0.26 EPS for the quarter, beating the consensus estimate of $0.13 by $0.13. Vicor had a net margin of 6.08% and a return on equity of 4.03%. The firm had revenue of $93.17 million for the quarter, compared to analyst estimates of $85.23 million. During the same period last year, the firm earned $0.37 EPS. The business’s quarterly revenue was down 13.6% compared to the same quarter last year.

Insider Activity at Vicor

In related news, VP Philip D. Davies sold 23,494 shares of Vicor stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $35.83, for a total transaction of $841,790.02. Following the sale, the vice president now directly owns 15,763 shares of the company’s stock, valued at approximately $564,788.29. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 31.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Vicor

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Eastern Bank bought a new stake in shares of Vicor during the 3rd quarter valued at approximately $42,000. GAMMA Investing LLC grew its holdings in shares of Vicor by 202.4% during the 3rd quarter. GAMMA Investing LLC now owns 1,001 shares of the electronics maker’s stock valued at $42,000 after purchasing an additional 670 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Vicor by 37.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,111 shares of the electronics maker’s stock valued at $50,000 after purchasing an additional 303 shares during the last quarter. Headlands Technologies LLC grew its holdings in shares of Vicor by 98.8% during the 2nd quarter. Headlands Technologies LLC now owns 1,147 shares of the electronics maker’s stock valued at $38,000 after purchasing an additional 570 shares during the last quarter. Finally, Point72 DIFC Ltd grew its holdings in shares of Vicor by 66.7% during the 2nd quarter. Point72 DIFC Ltd now owns 2,191 shares of the electronics maker’s stock valued at $73,000 after purchasing an additional 877 shares during 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.