Vicor (NASDAQ:VICR) Receives New Coverage from Analysts at Northland Securities

Research analysts at Northland Securities initiated coverage on shares of Vicor (NASDAQ:VICR) in a research report issued on Wednesday, April 10th, MarketBeat reports. The firm set an “outperform” rating and a $36.00 price target on the electronics maker’s stock. Northland Securities’ target price would indicate a potential downside of 6.86% from the company’s current price.

VICR has been the subject of several other research reports. TheStreet raised shares of Vicor from a “c” rating to a “b-” rating in a research report on Thursday, January 24th. BidaskClub raised shares of Vicor from a “hold” rating to a “buy” rating in a research report on Friday, December 28th. Finally, ValuEngine raised shares of Vicor from a “hold” rating to a “buy” rating in a research report on Monday, February 4th.

Vicor stock traded up $1.25 during midday trading on Wednesday, hitting $38.65. 203,767 shares of the stock were exchanged, compared to its average volume of 224,609. Vicor has a 1 year low of $28.75 and a 1 year high of $64.50. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of 49.55 and a beta of 0.56.

Vicor (NASDAQ:VICR) last released its quarterly earnings results on Tuesday, February 26th. The electronics maker reported $0.17 earnings per share (EPS) for the quarter. Vicor had a net margin of 10.99% and a return on equity of 18.08%. The firm had revenue of $73.72 million for the quarter. As a group, sell-side analysts predict that Vicor will post 0.62 earnings per share for the current year.

In other Vicor news, Director Samuel J. Anderson sold 9,092 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $30.95, for a total transaction of $281,397.40. Following the completion of the transaction, the director now directly owns 15,223 shares of the company’s stock, valued at approximately $471,151.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director H Allen Henderson sold 1,886 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $37.07, for a total transaction of $69,914.02. Following the transaction, the director now directly owns 2,105 shares of the company’s stock, valued at $78,032.35. The disclosure for this sale can be found here. Insiders sold a total of 21,443 shares of company stock valued at $729,440 over the last ninety days. Company insiders own 37.40% of the company’s stock.

A number of institutional investors have recently bought and sold shares of VICR. Vanguard Group Inc boosted its stake in Vicor by 70.8% during the 3rd quarter. Vanguard Group Inc now owns 1,749,018 shares of the electronics maker’s stock valued at $80,455,000 after purchasing an additional 725,018 shares during the period. Vanguard Group Inc. lifted its stake in shares of Vicor by 70.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,749,018 shares of the electronics maker’s stock worth $80,455,000 after acquiring an additional 725,018 shares during the period. Ashford Capital Management Inc. lifted its stake in shares of Vicor by 25.3% in the 4th quarter. Ashford Capital Management Inc. now owns 743,800 shares of the electronics maker’s stock worth $28,108,000 after acquiring an additional 149,970 shares during the period. First Washington CORP acquired a new stake in shares of Vicor in the 4th quarter worth approximately $4,466,000. Finally, Morgan Stanley lifted its stake in shares of Vicor by 110.5% in the 3rd quarter. Morgan Stanley now owns 190,197 shares of the electronics maker’s stock worth $8,749,000 after acquiring an additional 99,859 shares during the period. 30.72% of the stock is owned by hedge funds and other institutional investors.

About Vicor

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.

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