Vicor (VICR) Downgraded by BidaskClub
BidaskClub downgraded shares of Vicor (NASDAQ:VICR) from a strong-buy rating to a buy rating in a research report released on Thursday.
Vicor stock opened at $54.10 on Thursday. Vicor has a 12-month low of $16.30 and a 12-month high of $64.50. The stock has a market cap of $2.12 billion, a P/E ratio of 171.61 and a beta of 0.99.
Vicor (NASDAQ:VICR) last announced its quarterly earnings results on Tuesday, July 24th. The electronics maker reported $0.19 earnings per share for the quarter. Vicor had a net margin of 5.25% and a return on equity of 8.70%. The business had revenue of $74.20 million during the quarter.
Several institutional investors and hedge funds have recently made changes to their positions in VICR. OppenheimerFunds Inc. acquired a new stake in shares of Vicor during the second quarter valued at about $21,902,000. WINTON GROUP Ltd acquired a new stake in shares of Vicor during the second quarter valued at about $12,511,000. Shikiar Asset Management Inc. acquired a new stake in shares of Vicor during the second quarter valued at about $6,114,000. BlackRock Inc. increased its position in shares of Vicor by 4.7% during the second quarter. BlackRock Inc. now owns 2,302,168 shares of the electronics maker’s stock valued at $100,259,000 after acquiring an additional 103,418 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Vicor during the second quarter valued at about $3,824,000. Institutional investors and hedge funds own 25.82% of the company’s stock.
Vicor Company Profile
Vicor Corporation designs, develops, manufactures, and markets modular power components and power systems for converting, regulating, and controlling electric current worldwide. It operates through three segments: Brick Business Unit, VI Chip, and Picor. The company offers modular direct current (DC)-DC converters, open-frame intermediate bus converters, and complementary components; high density zero voltage soft switching DC-DC converters; configurable products; and custom power systems.
Featured Story: How to Invest in Marijuana Stocks
Receive News & Ratings for Vicor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vicor and related companies with MarketBeat.com's FREE daily email newsletter.