Vicor Corporation (VICR) Downgraded by BidaskClub to Hold

Vicor Corporation (NASDAQ:VICR) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Tuesday, August 1st.

Vicor Corporation (VICR) traded up 1.47% on Tuesday, hitting $17.30. The stock had a trading volume of 39,917 shares. The firm’s market cap is $679.08 million. Vicor Corporation has a 52-week low of $10.22 and a 52-week high of $20.65. 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 results 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 business had revenue of $57.71 million during the quarter. Analysts expect that Vicor Corporation will post $0.25 EPS for the current year.

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In related news, Director Estia J. Eichten sold 12,000 shares of the stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $19.50, for a total value of $234,000.00. Following the sale, the director now directly owns 333,079 shares of the company’s stock, valued at approximately $6,495,040.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Kemble D. Morrison sold 5,000 shares of the stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $20.50, for a total transaction of $102,500.00. Following the completion of the sale, the vice president now directly owns 5,000 shares in the company, valued at $102,500. The disclosure for this sale can be found here. Insiders sold a total of 48,883 shares of company stock worth $949,165 over the last three months. 38.90% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the company. Texas Permanent School Fund raised its position in shares of Vicor Corporation by 1.8% in the second quarter. Texas Permanent School Fund now owns 11,780 shares of the electronics maker’s stock worth $211,000 after buying an additional 205 shares during the period. Wells Fargo & Company MN raised its position in shares of Vicor Corporation by 6.2% in the second quarter. Wells Fargo & Company MN now owns 12,494 shares of the electronics maker’s stock worth $224,000 after buying an additional 729 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Vicor Corporation by 4.9% in the second quarter. The Manufacturers Life Insurance Company now owns 14,801 shares of the electronics maker’s stock worth $265,000 after buying an additional 688 shares during the period. New York State Common Retirement Fund raised its position in shares of Vicor Corporation by 11.3% in the second quarter. New York State Common Retirement Fund now owns 16,700 shares of the electronics maker’s stock worth $299,000 after buying an additional 1,699 shares during the period. Finally, Alliancebernstein L.P. raised its position in shares of Vicor Corporation by 3.4% in the second quarter. Alliancebernstein L.P. now owns 17,200 shares of the electronics maker’s stock worth $308,000 after buying an additional 560 shares during the period. 24.73% of the stock is currently owned by institutional investors and hedge funds.

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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