Vicor (NASDAQ:VICR) Stock Rating Lowered by StockNews.com

Vicor (NASDAQ:VICR) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Friday.

Separately, Craig Hallum cut Vicor from a “buy” rating to a “hold” rating and set a $40.00 price objective for the company. in a research report on Friday, February 23rd.

Vicor Stock Down 3.2 %

Shares of NASDAQ:VICR traded down $1.19 on Friday, reaching $36.58. The company had a trading volume of 153,515 shares, compared to its average volume of 268,535. Vicor has a twelve month low of $35.00 and a twelve month high of $98.38. The stock has a market capitalization of $1.63 billion, a P/E ratio of 30.74 and a beta of 1.53. The stock has a 50-day moving average price of $38.97 and a 200 day moving average price of $41.70.

Vicor (NASDAQ:VICR) last posted its quarterly earnings data on Thursday, February 22nd. The electronics maker reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.17). Vicor had a return on equity of 10.45% and a net margin of 13.23%. The business had revenue of $92.70 million for the quarter, compared to analyst estimates of $107.07 million. During the same period in the prior year, the firm posted $0.18 EPS. Vicor’s revenue for the quarter was down 12.1% on a year-over-year basis.

Insider Buying and Selling at Vicor

In other Vicor news, VP Robert Gendron sold 2,000 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $36.83, for a total value of $73,660.00. Following the transaction, the vice president now directly owns 5,374 shares in the company, valued at approximately $197,924.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP Kemble D. Morrison sold 2,659 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $37.00, for a total value of $98,383.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Robert Gendron sold 2,000 shares of the stock in a transaction on Friday, March 8th. The shares were sold at an average price of $36.83, for a total value of $73,660.00. Following the completion of the transaction, the vice president now directly owns 5,374 shares in the company, valued at approximately $197,924.42. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,999 shares of company stock worth $184,990. Insiders own 31.30% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD raised its stake in Vicor by 2.6% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 8,352 shares of the electronics maker’s stock worth $457,000 after buying an additional 212 shares during the period. Alliancebernstein L.P. raised its stake in Vicor by 0.5% during the 4th quarter. Alliancebernstein L.P. now owns 46,278 shares of the electronics maker’s stock worth $2,487,000 after buying an additional 220 shares during the period. PNC Financial Services Group Inc. raised its stake in Vicor by 37.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,111 shares of the electronics maker’s stock worth $50,000 after buying an additional 303 shares during the period. Royal Bank of Canada raised its stake in Vicor by 51.8% during the 3rd quarter. Royal Bank of Canada now owns 894 shares of the electronics maker’s stock worth $53,000 after buying an additional 305 shares during the period. Finally, Federated Hermes Inc. raised its stake in Vicor by 51.9% during the 3rd quarter. Federated Hermes Inc. now owns 992 shares of the electronics maker’s stock worth $59,000 after buying an additional 339 shares during the period. Institutional investors and hedge funds own 47.45% of the company’s stock.

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.