Vicor Corporation (NASDAQ:VICR) Upgraded by BidaskClub to Buy

Vicor Corporation (NASDAQ:VICR) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Monday, July 24th.

Vicor Corporation (NASDAQ:VICR) opened at 17.30 on Monday. Vicor Corporation has a 12 month low of $10.22 and a 12 month high of $20.65. The stock’s market capitalization is $679.08 million. The company’s 50-day moving average price is $18.46 and its 200 day moving average price is $17.25.

Vicor Corporation (NASDAQ:VICR) last announced its quarterly earnings data on Thursday, July 27th. The electronics maker reported ($0.01) EPS for the quarter. Vicor Corporation had a negative net margin of 0.84% and a negative return on equity of 1.35%. The company had revenue of $57.71 million for the quarter. On average, analysts forecast that Vicor Corporation will post $0.25 earnings per share for the current fiscal year.

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In other Vicor Corporation news, VP Robert F. Russell sold 4,000 shares of Vicor Corporation stock in a transaction on Monday, July 31st. The shares were sold at an average price of $18.08, for a total value of $72,320.00. Following the sale, the vice president now directly owns 4,000 shares in the company, valued at approximately $72,320. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Barry Kelleher sold 5,000 shares of Vicor Corporation stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $18.74, for a total transaction of $93,700.00. Following the completion of the transaction, the director now directly owns 7,257 shares of the company’s stock, valued at approximately $135,996.18. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 48,883 shares of company stock worth $949,165. 38.90% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the stock. EAM Investors LLC acquired a new stake in Vicor Corporation during the second quarter worth about $724,000. Manatuck Hill Partners LLC boosted its position in shares of Vicor Corporation by 28.3% in the second quarter. Manatuck Hill Partners LLC now owns 179,597 shares of the electronics maker’s stock valued at $3,215,000 after buying an additional 39,597 shares during the last quarter. State Street Corp boosted its position in shares of Vicor Corporation by 7.0% in the second quarter. State Street Corp now owns 431,379 shares of the electronics maker’s stock valued at $7,722,000 after buying an additional 28,222 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Vicor Corporation by 4.5% in the second quarter. Janney Montgomery Scott LLC now owns 162,959 shares of the electronics maker’s stock valued at $2,917,000 after buying an additional 6,956 shares during the last quarter. Finally, Cadence Capital Management LLC boosted its position in shares of Vicor Corporation by 5.7% in the second quarter. Cadence Capital Management LLC now owns 72,167 shares of the electronics maker’s stock valued at $1,292,000 after buying an additional 3,922 shares during the last quarter. 24.73% of the stock is owned by hedge funds and other institutional investors.

About Vicor Corporation

Vicor Corporation designs, develops, manufactures and markets modular power components and power systems for converting, regulating and controlling electric current. The Company’s segments include Brick Business Unit (BBU), VI Chip and Picor. The BBU segment designs, develops, manufactures and markets modular direct current-direct current converters and configurable products, and also includes the entities comprising Vicor Custom Power, and the BBU operations of Vicor Japan Company, Ltd.

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