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

Zacks Investment Research lowered shares of Vicor (NASDAQ:VICR) from a hold rating to a sell rating in a report published on Thursday 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. “

VICR has been the topic of several other research reports. BidaskClub raised shares of Vicor from a buy rating to a strong-buy rating in a report on Wednesday, October 30th. TheStreet raised Vicor from a c+ rating to a b- rating in a research note on Wednesday, November 20th. Needham & Company LLC boosted their target price on Vicor from $42.00 to $45.00 and gave the stock a buy rating in a research report on Thursday, November 21st. ValuEngine lowered Vicor from a buy rating to a hold rating in a research note on Monday, November 11th. Finally, Northland Securities set a $39.00 target price on Vicor and gave the stock a buy rating in a research note on Friday, October 18th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of Buy and an average price target of $40.60.

Vicor stock opened at $41.27 on Thursday. The firm’s 50 day simple moving average is $37.72 and its 200 day simple moving average is $32.50. The firm has a market capitalization of $1.70 billion, a PE ratio of 52.91 and a beta of 0.74. Vicor has a 1-year low of $26.50 and a 1-year high of $49.27.

Vicor (NASDAQ:VICR) last announced its quarterly earnings results on Thursday, October 17th. The electronics maker reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.01). The firm had revenue of $70.77 million during the quarter, compared to the consensus estimate of $71.00 million. Vicor had a net margin of 7.20% and a return on equity of 10.21%. As a group, research analysts anticipate that Vicor will post 0.45 earnings per share for the current year.

In other Vicor news, Director Samuel J. Anderson sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $40.00, for a total transaction of $200,000.00. Following the sale, the director now owns 5,223 shares in the company, valued at $208,920. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Claudio Tuozzolo sold 7,325 shares of Vicor stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $39.60, for a total value of $290,070.00. Following the sale, the vice president now directly owns 33,989 shares of the company’s stock, valued at approximately $1,345,964.40. The disclosure for this sale can be found here. In the last three months, insiders sold 36,761 shares of company stock valued at $1,323,665. Corporate insiders own 56.06% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. US Bancorp DE increased its position in shares of Vicor by 56.0% during the 2nd quarter. US Bancorp DE now owns 986 shares of the electronics maker’s stock valued at $31,000 after purchasing an additional 354 shares during the last quarter. Aperio Group LLC bought a new stake in Vicor in the 2nd quarter worth approximately $54,000. Bank of Montreal Can lifted its position in Vicor by 178.6% in the 2nd quarter. Bank of Montreal Can now owns 2,329 shares of the electronics maker’s stock worth $72,000 after buying an additional 1,493 shares during the last quarter. Royal Bank of Canada boosted its stake in Vicor by 315.0% in the second quarter. Royal Bank of Canada now owns 5,270 shares of the electronics maker’s stock worth $164,000 after buying an additional 4,000 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its stake in Vicor by 13.0% in the third quarter. Municipal Employees Retirement System of Michigan now owns 5,480 shares of the electronics maker’s stock worth $162,000 after buying an additional 630 shares in the last quarter. Hedge funds and other institutional investors own 28.33% 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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