Vicor (NASDAQ:VICR) updated on StockNews.com
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.
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
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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