Vicor (NASDAQ:VICR) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Thursday.
Separately, TheStreet raised Vicor from a “c” rating to a “b-” rating in a research report on Tuesday, October 24th.
Shares of Vicor (NASDAQ:VICR) traded up $0.02 during midday trading on Thursday, reaching $18.97. The company’s stock had a trading volume of 77,529 shares, compared to its average volume of 63,154. The company has a market cap of $757.28, a PE ratio of -172.45 and a beta of 1.46. Vicor has a 1-year low of $13.90 and a 1-year high of $25.65.
Institutional investors and hedge funds have recently modified their holdings of the company. BNP Paribas Arbitrage SA lifted its holdings in shares of Vicor by 72.9% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 8,151 shares of the electronics maker’s stock valued at $192,000 after purchasing an additional 3,436 shares during the last quarter. Raymond James Trust N.A. purchased a new stake in shares of Vicor during the 3rd quarter valued at $214,000. Wells Fargo & Company MN lifted its holdings in shares of Vicor by 6.2% during the 2nd quarter. Wells Fargo & Company MN now owns 12,494 shares of the electronics maker’s stock valued at $224,000 after purchasing an additional 729 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of Vicor during the 3rd quarter valued at $250,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Vicor by 4.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,801 shares of the electronics maker’s stock valued at $265,000 after purchasing an additional 688 shares during the last quarter. Hedge funds and other institutional investors own 25.10% of the company’s stock.
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Vicor Company Profile
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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