Vicor (NASDAQ:VICR) Shares Up 4.8%

Vicor Co. (NASDAQ:VICR)’s share price shot up 4.8% during trading on Thursday . The stock traded as high as $33.94 and last traded at $33.57. 116,581 shares traded hands during mid-day trading, a decline of 56% from the average session volume of 267,854 shares. The stock had previously closed at $32.03.

Analyst Ratings Changes

Several research firms have commented on VICR. Needham & Company LLC reiterated a “hold” rating on shares of Vicor in a research report on Wednesday. StockNews.com upgraded Vicor from a “sell” rating to a “hold” rating in a research report on Saturday, April 20th. Finally, Craig Hallum dropped their target price on Vicor from $40.00 to $35.00 and set a “hold” rating for the company in a research report on Wednesday.

Vicor Price Performance

The company has a market capitalization of $1.49 billion, a P/E ratio of 32.03 and a beta of 1.53. The stock has a 50-day moving average price of $37.89 and a 200-day moving average price of $40.30.

Vicor (NASDAQ:VICR) last issued its quarterly earnings data on Tuesday, April 23rd. The electronics maker reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.04). Vicor had a return on equity of 8.59% and a net margin of 11.49%. The company had revenue of $83.80 million for the quarter, compared to the consensus estimate of $84.83 million. During the same quarter last year, the business earned $0.25 earnings per share. Vicor’s revenue was down 14.3% compared to the same quarter last year.

Insiders Place Their Bets

In other Vicor news, VP Kemble D. Morrison sold 2,659 shares of Vicor stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $37.00, for a total value of $98,383.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Vicor news, VP Robert Gendron sold 2,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the vice president now owns 5,374 shares of the company’s stock, valued at $197,924.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Kemble D. Morrison sold 2,659 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $37.00, for a total value of $98,383.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,999 shares of company stock worth $184,990. 31.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Vicor

A number of hedge funds have recently added to or reduced their stakes in VICR. Vanguard Group Inc. grew its stake in Vicor by 13.0% in the fourth quarter. Vanguard Group Inc. now owns 2,477,438 shares of the electronics maker’s stock valued at $111,336,000 after acquiring an additional 285,699 shares during the period. Eagle Asset Management Inc. acquired a new stake in Vicor in the third quarter valued at approximately $12,335,000. Principal Financial Group Inc. grew its stake in Vicor by 105.9% in the third quarter. Principal Financial Group Inc. now owns 175,180 shares of the electronics maker’s stock valued at $10,316,000 after acquiring an additional 90,099 shares during the period. AWM Investment Company Inc. boosted its position in shares of Vicor by 54.8% during the third quarter. AWM Investment Company Inc. now owns 204,960 shares of the electronics maker’s stock valued at $12,070,000 after buying an additional 72,526 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Vicor by 84.0% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 149,747 shares of the electronics maker’s stock valued at $8,819,000 after buying an additional 68,361 shares during the last quarter. 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.