Vicor (NASDAQ:VICR) Given Hold Rating at Needham & Company LLC

Needham & Company LLC reaffirmed their hold rating on shares of Vicor (NASDAQ:VICR) in a research report report published on Tuesday morning,Benzinga reports.

Separately, Craig Hallum upped their target price on Vicor from $35.00 to $43.00 and gave the stock a “hold” rating in a report on Wednesday, October 23rd.

Vicor Trading Up 2.5 %

Shares of VICR stock opened at $51.86 on Tuesday. Vicor has a twelve month low of $30.90 and a twelve month high of $62.00. The stock has a market capitalization of $2.34 billion, a price-to-earnings ratio of 108.04 and a beta of 1.51. The stock has a fifty day simple moving average of $50.70 and a two-hundred day simple moving average of $46.55.

Vicor (NASDAQ:VICR) last issued its earnings results on Thursday, February 20th. The electronics maker reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.05. Vicor had a return on equity of 4.00% and a net margin of 6.08%.

Insider Buying and Selling

In related news, Director Andrew D’amico sold 2,000 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $51.91, for a total transaction of $103,820.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Estia J. Eichten sold 8,000 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $55.51, for a total value of $444,080.00. Following the completion of the sale, the director now owns 230,267 shares of the company’s stock, valued at approximately $12,782,121.17. This trade represents a 3.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,000 shares of company stock worth $786,900 in the last three months. 31.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Vicor

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Eastern Bank purchased a new stake in Vicor in the third quarter valued at about $42,000. Point72 Asia Singapore Pte. Ltd. raised its stake in Vicor by 146.2% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,162 shares of the electronics maker’s stock valued at $49,000 after buying an additional 690 shares during the last quarter. CWM LLC raised its stake in Vicor by 226.6% in the third quarter. CWM LLC now owns 2,283 shares of the electronics maker’s stock valued at $96,000 after buying an additional 1,584 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Vicor in the fourth quarter valued at about $140,000. Finally, Invesco LLC purchased a new stake in Vicor in the third quarter valued at about $205,000. 47.45% of the stock is currently owned by hedge funds and other institutional investors.

About Vicor

Vicor Corporation, together with its subsidiaries, designs, develops, manufactures, and markets modular power components and power systems for converting electrical power in the United States, Europe, the Asia Pacific, and internationally. The company offers a range of brick-format DC-DC converters; complementary components provide AC line rectification, input filtering, power factor correction, and transient protection; and input and output voltage, and output power products, as well as electrical and mechanical accessories.