Vicor (NASDAQ:VICR) Stock Rating Upgraded by ValuEngine

Vicor (NASDAQ:VICR) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Thursday, ValuEngine reports.

A number of other research analysts also recently issued reports on the stock. CJS Securities assumed coverage on shares of Vicor in a research report on Monday, June 10th. They issued a “buy” rating and a $40.00 price target on the stock. Zacks Investment Research downgraded shares of Vicor from a “hold” rating to a “sell” rating in a research report on Friday, July 19th. Northland Securities restated a “buy” rating and issued a $39.00 price target on shares of Vicor in a research report on Wednesday, April 24th. Finally, BidaskClub upgraded shares of Vicor from a “sell” rating to a “hold” rating in a research report on Friday, July 19th. One investment 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. The company has a consensus rating of “Hold” and an average target price of $38.33.

NASDAQ:VICR traded up $0.02 during mid-day trading on Thursday, hitting $29.58. 265,000 shares of the company’s stock were exchanged, compared to its average volume of 202,083. The stock’s 50 day moving average is $31.01. Vicor has a fifty-two week low of $27.82 and a fifty-two week high of $64.50. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 37.92 and a beta of 0.73.

Vicor (NASDAQ:VICR) last issued its quarterly earnings results on Thursday, July 25th. The electronics maker reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.06). The firm had revenue of $63.36 million during the quarter, compared to analyst estimates of $68.00 million. Vicor had a return on equity of 14.37% and a net margin of 9.53%. As a group, equities research analysts expect that Vicor will post 0.55 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the stock. Aperio Group LLC acquired a new position in shares of Vicor during the 2nd quarter valued at $54,000. Quantamental Technologies LLC lifted its position in shares of Vicor by 44.9% during the 1st 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 during the period. BNP Paribas Arbitrage SA lifted its position in shares of Vicor by 1,714.3% during the 1st 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 during the period. LS Investment Advisors LLC lifted its position in shares of Vicor by 6.6% during the 1st 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 during the period. Finally, Victory Capital Management Inc. acquired a new position in shares of Vicor during the 1st quarter valued at $169,000. Institutional investors own 28.97% 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.

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