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

Zacks Investment Research cut shares of Vicor (NASDAQ:VICR) from a hold rating to a sell rating in a research report sent to investors on Friday 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. “

A number of other research analysts also recently issued reports on VICR. CJS Securities began coverage on Vicor in a research note on Monday, June 10th. They set a buy rating and a $40.00 price target on the stock. BidaskClub upgraded Westport Fuel Systems from a hold rating to a buy rating in a research note on Friday, July 12th. ValuEngine downgraded Viewray from a buy rating to a hold rating in a research note on Wednesday, April 24th. Finally, Northland Securities restated a buy rating and set a $130.00 price target on shares of iRobot in a research note on Wednesday, April 24th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $38.33.

Shares of NASDAQ VICR opened at $32.98 on Friday. Vicor has a fifty-two week low of $27.82 and a fifty-two week high of $64.50. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 42.28 and a beta of 0.73. The stock’s 50-day simple moving average is $30.84.

Vicor (NASDAQ:VICR) last released its quarterly earnings results on Tuesday, April 23rd. The electronics maker reported $0.10 earnings per share (EPS) for the quarter. The firm had revenue of $65.73 million for the quarter, compared to the consensus estimate of $61.00 million. Vicor had a return on equity of 18.08% and a net margin of 10.99%. Research analysts anticipate that Vicor will post 0.55 earnings per share for the current year.

In other Vicor news, Director H Allen Henderson sold 1,886 shares of Vicor stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $37.07, for a total value of $69,914.02. Following the transaction, the director now directly owns 2,105 shares in the company, valued at approximately $78,032.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Samuel J. Anderson sold 5,000 shares of Vicor stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $36.06, for a total value of $180,300.00. Following the completion of the transaction, the director now owns 10,223 shares in the company, valued at $368,641.38. The disclosure for this sale can be found here. Insiders have sold a total of 11,886 shares of company stock worth $433,014 in the last 90 days. 56.06% of the stock is currently owned by company insiders.

Hedge funds have recently made changes to their positions in the business. Quantamental Technologies LLC grew its stake in shares of Vicor by 44.9% in the 1st quarter. Quantamental Technologies LLC now owns 2,881 shares of the electronics maker’s stock valued at $89,000 after purchasing an additional 893 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Vicor by 1,714.3% in the first quarter. BNP Paribas Arbitrage SA now owns 3,810 shares of the electronics maker’s stock valued at $118,000 after buying an additional 3,600 shares in the last quarter. LS Investment Advisors LLC boosted its stake in shares of Vicor by 6.6% in the first quarter. LS Investment Advisors LLC now owns 4,583 shares of the electronics maker’s stock valued at $142,000 after buying an additional 285 shares in the last quarter. Municipal Employees Retirement System of Michigan purchased a new stake in shares of Vicor in the fourth quarter valued at approximately $176,000. Finally, Victory Capital Management Inc. purchased a new stake in shares of Vicor in the first quarter valued at approximately $169,000. Institutional investors own 28.80% of the company’s stock.

About Vicor

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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