Vicor (NASDAQ:VICR) Raised to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Vicor (NASDAQ:VICR) from a sell rating to a hold rating in a research note issued to investors on Tuesday, 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. “

Several other research firms have also recently weighed in on VICR. CJS Securities started coverage on shares of Vicor in a report on Monday, June 10th. They issued a buy rating and a $40.00 price target on the stock. Northland Securities reiterated a buy rating and issued a $39.00 price target on shares of Vicor in a report on Wednesday, April 24th. ValuEngine upgraded shares of Vicor from a hold rating to a buy rating in a report on Thursday, August 1st. BidaskClub upgraded shares of Vicor from a sell rating to a hold rating in a report on Friday, July 19th. Finally, Craig Hallum started coverage on shares of Vicor in a report on Monday, August 12th. They issued a buy rating and a $43.00 price target on the stock. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $39.50.

Shares of NASDAQ VICR opened at $29.49 on Tuesday. Vicor has a 52 week low of $26.50 and a 52 week high of $63.75. The firm’s fifty day moving average is $30.56 and its 200 day moving average is $32.27. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 37.81 and a beta of 0.70.

Vicor (NASDAQ:VICR) last issued its earnings results on Thursday, July 25th. The electronics maker reported $0.06 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.06). Vicor had a return on equity of 14.37% and a net margin of 9.53%. The firm had revenue of $63.36 million during the quarter, compared to analysts’ expectations of $68.00 million. As a group, equities analysts predict that Vicor will post 0.55 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in VICR. US Bancorp DE boosted its holdings 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 buying an additional 354 shares in the last quarter. Aperio Group LLC bought a new stake in shares of Vicor during the 2nd quarter valued at $54,000. Bank of Montreal Can boosted its holdings in shares of Vicor by 178.6% during the 2nd quarter. Bank of Montreal Can now owns 2,329 shares of the electronics maker’s stock valued at $72,000 after buying an additional 1,493 shares in the last quarter. Quantamental Technologies LLC boosted its holdings in shares of Vicor by 44.9% during the 1st quarter. Quantamental Technologies LLC now owns 2,881 shares of the electronics maker’s stock valued at $89,000 after buying an additional 893 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its holdings in shares of Vicor by 1,714.3% during the 1st 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. Institutional investors and hedge funds own 29.06% 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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