Vicor (NASDAQ:VICR – Get Free Report) issued its earnings results on Tuesday. The electronics maker reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.42, RTT News reports. Vicor had a return on equity of 20.21% and a net margin of 28.98%.During the same quarter last year, the firm posted $0.91 earnings per share.
Vicor Trading Down 2.8%
Shares of Vicor stock opened at $230.99 on Tuesday. The firm’s 50 day simple moving average is $297.90 and its two-hundred day simple moving average is $221.96. The firm has a market capitalization of $10.53 billion, a price-to-earnings ratio of 77.25 and a beta of 2.33. Vicor has a 12-month low of $41.76 and a 12-month high of $382.65.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on VICR. Zacks Research lowered shares of Vicor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 2nd. Weiss Ratings reissued a “hold (c+)” rating on shares of Vicor in a research report on Monday, June 1st. Roth Capital upped their price target on shares of Vicor from $285.00 to $375.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Wall Street Zen downgraded shares of Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Finally, Craig Hallum lifted their price objective on shares of Vicor to $450.00 and gave the company a “buy” rating in a report on Monday, June 22nd. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Vicor currently has a consensus rating of “Moderate Buy” and a consensus target price of $408.33.
Insider Activity at Vicor
In related news, CEO Patrizio Vinciarelli sold 700 shares of the firm’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $302.40, for a total value of $211,680.00. Following the completion of the transaction, the chief executive officer owned 8,347,390 shares in the company, valued at $2,524,250,736. This trade represents a 0.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Philip D. Davies sold 3,073 shares of Vicor stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $356.97, for a total value of $1,096,968.81. Following the sale, the vice president directly owned 1,920 shares of the company’s stock, valued at approximately $685,382.40. This represents a 61.55% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 392,682 shares of company stock valued at $123,899,833 over the last three months. 28.30% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Vicor
A number of institutional investors and hedge funds have recently modified their holdings of the company. Pacer Advisors Inc. increased its holdings in Vicor by 240.4% in the 4th quarter. Pacer Advisors Inc. now owns 5,681 shares of the electronics maker’s stock worth $623,000 after buying an additional 4,012 shares during the period. Invesco Ltd. increased its stake in shares of Vicor by 125.8% in the fourth quarter. Invesco Ltd. now owns 148,659 shares of the electronics maker’s stock worth $16,293,000 after acquiring an additional 82,831 shares during the period. Corient Private Wealth LLC raised its holdings in shares of Vicor by 3.9% during the fourth quarter. Corient Private Wealth LLC now owns 4,861 shares of the electronics maker’s stock worth $533,000 after purchasing an additional 184 shares during the last quarter. State of Tennessee Department of Treasury raised its holdings in shares of Vicor by 10.5% during the fourth quarter. State of Tennessee Department of Treasury now owns 14,615 shares of the electronics maker’s stock worth $1,602,000 after purchasing an additional 1,388 shares during the last quarter. Finally, Empowered Funds LLC purchased a new stake in shares of Vicor in the fourth quarter worth about $81,000. Institutional investors and hedge funds own 47.45% of the company’s stock.
Vicor Company Profile
Vicor Corporation is a designer and manufacturer of modular power components and systems, serving a wide range of industries that demand high performance and efficiency. Headquartered in Andover, Massachusetts, the company develops power conversion solutions that help customers optimize energy delivery in applications from telecommunications and data centers to industrial and automotive systems.
The company’s product portfolio includes high-density DC-DC converters, AC-DC front-end modules, point-of-load regulators and complete power systems that combine multiple conversion stages in a single package.
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