Zacks Investment Research Lowers Vicor (NASDAQ:VICR) to Hold

Zacks Investment Research downgraded shares of Vicor (NASDAQ:VICR) from a buy rating to a hold rating in a research report report published on Friday morning, Zacks.com reports.

According to Zacks, “Vicor Corporation designs, manufactures and markets innovative, high performance modular power components, from bricks to semiconductor-centric solutions, to enable customers to efficiently convert and manage power from the wall plug to the point-of-load. Vicor offers comprehensive product lines addressing a broad range of power conversion and management requirements across all power distribution architectures, including CPA, DPA, IBA, FPA and CBA. Vicor focuses on solutions for performance-critical applications in the following markets: enterprise and high performance computing, telecommunications and network infrastructure, industrial equipment and automation, vehicles and transportation and aerospace and defense electronics. Vicor’s holistic approach gives power system architects the flexibility to choose from modular, plug-and-play components ranging from bricks to semiconductor-centric solutions. “

Other analysts also recently issued research reports about the company. CJS Securities started coverage on Vicor in a research note on Monday, June 10th. They set a buy rating and a $40.00 price target for the company. ValuEngine upgraded Vicor from a hold rating to a buy rating in a research note on Wednesday, April 24th. Northland Securities reiterated a buy rating and set a $39.00 price target on shares of Vicor in a research note on Wednesday, April 24th. TheStreet downgraded Vicor from a b- rating to a c+ rating in a research note on Monday, February 25th. Finally, BidaskClub upgraded Vicor from a sell rating to a hold rating in a research note on Thursday, April 25th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. Vicor has a consensus rating of Hold and an average target price of $38.33.

VICR opened at $29.75 on Friday. The stock has a market cap of $1.20 billion, a PE ratio of 38.14 and a beta of 0.79. Vicor has a 52-week low of $28.75 and a 52-week high of $64.50.

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

In related news, Director H Allen Henderson sold 1,886 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $37.07, for a total transaction of $69,914.02. Following the completion of the sale, the director now owns 2,105 shares in the company, valued at approximately $78,032.35. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Samuel J. Anderson sold 5,000 shares of the stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $36.06, for a total value of $180,300.00. Following the sale, the director now owns 10,223 shares of the company’s stock, valued at approximately $368,641.38. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,886 shares of company stock valued at $433,014. 37.40% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in the stock. Ashford Capital Management Inc. boosted its stake in Vicor by 25.3% during the 4th quarter. Ashford Capital Management Inc. now owns 743,800 shares of the electronics maker’s stock valued at $28,108,000 after purchasing an additional 149,970 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Vicor by 10.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 495,575 shares of the electronics maker’s stock worth $18,728,000 after acquiring an additional 48,853 shares during the period. Oberweis Asset Management Inc. lifted its position in shares of Vicor by 20.0% in the 4th quarter. Oberweis Asset Management Inc. now owns 213,860 shares of the electronics maker’s stock worth $8,082,000 after acquiring an additional 35,660 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Vicor by 7.6% in the 4th quarter. Bank of New York Mellon Corp now owns 195,162 shares of the electronics maker’s stock worth $7,376,000 after acquiring an additional 13,802 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Vicor by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 189,887 shares of the electronics maker’s stock worth $7,175,000 after acquiring an additional 1,322 shares during the period. Hedge funds and other 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.

Featured Article: What is dollar cost averaging (DCA)?

Get a free copy of the Zacks research report on Vicor (VICR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.