December 2, 2022
  • December 2, 2022

Vicor (NASDAQ:VICR) updated on

By on July 17, 2022 0

Vicor (NASDAQ:VICR – Get a rating) was updated by stock analysts to from a “sell” rating to a “hold” rating in a research note released on Friday.

A number of other analysts have also recently released reports on the company. CJS Securities downgraded Vicor from an “outperform” rating to a “market performance” rating in a Wednesday, March 23 research report. TheStreet downgraded Vicor from a “b-” to a “c+” rating in a Wednesday, March 23 research report. Finally, Needham & Company LLC lowered its price target on Vicor from $130.00 to $100.00 and set a “buy” rating on the stock in a research report on Friday, April 22. Three analysts gave the stock a hold rating and two gave the company a buy rating. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $110.00.

Vicor stock up 0.9%

NASDAQ:VICR shares traded at $0.49 in Friday’s midday session, hitting $52.86. The company had a trading volume of 243,982 shares, compared to an average volume of 178,924. The company’s 50-day moving average price is $59.31 and its 200-day moving average price is 75.32 $. The stock has a market capitalization of $2.32 billion, a PE ratio of 51.32 and a beta of 0.99. Vicor has a 1-year low of $50.22 and a 1-year high of $164.76.

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Vicor (NASDAQ:VICR – Get a rating) last reported results on Thursday, April 21. The electronics maker reported earnings per share (EPS) of $0.11 for the quarter. The company posted revenue of $88.28 million for the quarter, versus a consensus estimate of $93.70 million. Vicor had a return on equity of 11.21% and a net margin of 12.97%. The company’s quarterly revenue fell 0.6% year over year.

Hedge funds weigh on Vicor

Several institutional investors and hedge funds have recently changed their positions in VICR. Covestor Ltd acquired a new position in shares of Vicor in the fourth quarter worth approximately $53,000. Captrust Financial Advisors increased its position in Vicor shares by 109.3% in the first quarter. Captrust Financial Advisors now owns 898 shares of the electronics maker worth $63,000 after buying 469 additional shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Vicor in the fourth quarter worth approximately $80,000. Exane Derivatives acquired a new position in shares of Vicor in the first quarter worth approximately $119,000. Finally, Dorsey & Whitney Trust CO LLC increased its equity stake in Vicor by 14.9% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,918 shares of the electronics maker valued at $244,000 after buying an additional 249 shares during the period. Institutional investors and hedge funds hold 40.41% of the company’s shares.

Vicor Company Profile

(Get a rating)

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

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