BidaskClub Lowers Vicor (NASDAQ:VICR) to Sell

Share on StockTwits

Vicor (NASDAQ:VICR) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday, BidAskClub reports.

VICR has been the subject of a number of other research reports. CJS Securities initiated coverage on shares of Vicor in a research note on Monday, June 10th. They set a “buy” rating and a $40.00 target price for the company. Zacks Investment Research upgraded shares of SCHNEIDER ELEC /ADR from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Friday, July 5th. Northland Securities reiterated a “buy” rating and set a $130.00 target price on shares of iRobot in a research note on Wednesday, April 24th. Finally, ValuEngine downgraded shares of Viewray from a “buy” rating to a “hold” rating in a research note on Wednesday, April 24th. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. Vicor presently has an average rating of “Hold” and an average target price of $38.33.

Shares of VICR stock opened at $31.02 on Friday. The stock’s fifty day moving average price is $30.70. The firm has a market capitalization of $1.22 billion, a P/E ratio of 39.77 and a beta of 0.73. Vicor has a 12 month low of $27.82 and a 12 month high of $64.50.

Vicor (NASDAQ:VICR) last issued its earnings results on Tuesday, April 23rd. The electronics maker reported $0.10 EPS for the quarter. The firm had revenue of $65.73 million during the quarter, compared to the consensus estimate of $61.00 million. Vicor had a net margin of 10.99% and a return on equity of 18.08%. As a group, analysts forecast that Vicor will post 0.55 earnings per share for the current year.

In other Vicor news, Director H Allen Henderson sold 5,000 shares of the company’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $36.56, for a total value of $182,800.00. Following the completion of the transaction, the director now owns 5,219 shares in the company, valued at $190,806.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 11,886 shares of company stock valued at $433,014 in the last 90 days. 56.06% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Neuburgh Advisers LLC boosted its stake in Vicor by 115.8% in the fourth quarter. Neuburgh Advisers LLC now owns 1,968 shares of the electronics maker’s stock valued at $74,000 after acquiring an additional 1,056 shares in the last quarter. Quantamental Technologies LLC boosted its stake in Vicor by 44.9% in the first quarter. Quantamental Technologies LLC now owns 2,881 shares of the electronics maker’s stock valued at $89,000 after acquiring an additional 893 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in Vicor by 1,714.3% in the first quarter. BNP Paribas Arbitrage SA now owns 3,810 shares of the electronics maker’s stock valued at $118,000 after acquiring an additional 3,600 shares in the last quarter. LS Investment Advisors LLC boosted its stake in Vicor by 6.6% in the first quarter. LS Investment Advisors LLC now owns 4,583 shares of the electronics maker’s stock valued at $142,000 after acquiring an additional 285 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan acquired a new position in Vicor in the fourth quarter valued at $176,000. Institutional investors own 28.80% of the company’s stock.

Vicor Company Profile

Vicor Corporation designs, develops, manufactures, and markets modular power components and power systems for converting electrical power worldwide. It operates through Brick Business Unit, VI Chip, and Picor segments. The company offers a range of brick-format DC-DC converters and configurable products; complementary components; and input and output voltage, and output power products, as well as electrical and mechanical accessories.

Read More: What is a Stop Order?

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.