BidaskClub upgraded shares of Vicor Corporation (NASDAQ:VICR) from a sell rating to a hold rating in a research note released on Friday morning.

Vicor Corporation (VICR) opened at 18.45 on Friday. The firm’s market cap is $724.22 million. The firm’s 50-day moving average price is $18.41 and its 200-day moving average price is $17.36. Vicor Corporation has a 52-week low of $10.57 and a 52-week high of $20.65.

Vicor Corporation (NASDAQ:VICR) last posted its quarterly earnings data on Thursday, July 27th. The electronics maker reported ($0.01) earnings per share for the quarter. Vicor Corporation had a negative net margin of 0.84% and a negative return on equity of 1.35%. The company had revenue of $57.71 million for the quarter. Equities research analysts expect that Vicor Corporation will post $0.25 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “Vicor Corporation (VICR) Stock Rating Upgraded by BidaskClub” was reported by Watch List News and is owned by of Watch List News. If you are reading this piece on another publication, it was illegally copied and republished in violation of US & international trademark and copyright laws. The original version of this piece can be read at https://www.watchlistnews.com/vicor-corporation-vicr-stock-rating-upgraded-by-bidaskclub/1529103.html.

In related news, VP Robert F. Russell sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $18.08, for a total transaction of $72,320.00. Following the completion of the transaction, the vice president now owns 4,000 shares of the company’s stock, valued at approximately $72,320. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Kemble D. Morrison sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $20.50, for a total value of $102,500.00. Following the transaction, the vice president now directly owns 5,000 shares of the company’s stock, valued at approximately $102,500. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 48,883 shares of company stock valued at $949,165. 38.20% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Ashford Capital Management Inc. raised its stake in Vicor Corporation by 1.1% in the second quarter. Ashford Capital Management Inc. now owns 1,803,020 shares of the electronics maker’s stock worth $32,274,000 after buying an additional 18,798 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in Vicor Corporation by 4.9% in the second quarter. The Manufacturers Life Insurance Company now owns 14,801 shares of the electronics maker’s stock worth $265,000 after buying an additional 688 shares during the last quarter. State Street Corp raised its stake in Vicor Corporation by 7.0% in the second quarter. State Street Corp now owns 431,379 shares of the electronics maker’s stock worth $7,722,000 after buying an additional 28,222 shares during the last quarter. Manatuck Hill Partners LLC raised its stake in Vicor Corporation by 28.3% in the second quarter. Manatuck Hill Partners LLC now owns 179,597 shares of the electronics maker’s stock worth $3,215,000 after buying an additional 39,597 shares during the last quarter. Finally, EAM Investors LLC acquired a new stake in Vicor Corporation during the second quarter worth approximately $724,000. 24.89% of the stock is owned by institutional investors.

About Vicor Corporation

Vicor Corporation designs, develops, manufactures and markets modular power components and power systems for converting, regulating and controlling electric current. The Company’s segments include Brick Business Unit (BBU), VI Chip and Picor. The BBU segment designs, develops, manufactures and markets modular direct current-direct current converters and configurable products, and also includes the entities comprising Vicor Custom Power, and the BBU operations of Vicor Japan Company, Ltd.

Receive News & Ratings for Vicor Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vicor Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.