Vicor (NASDAQ:VICR) Trading Up 8.9%

Vicor Co. (NASDAQ:VICR)’s stock price traded up 8.9% during mid-day trading on Wednesday . The company traded as high as $41.33 and last traded at $41.33. 51,633 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 233,302 shares. The stock had previously closed at $37.95.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on VICR. Craig Hallum dropped their price objective on shares of Vicor from $40.00 to $35.00 and set a “hold” rating for the company in a research note on Wednesday, April 24th. StockNews.com raised shares of Vicor from a “sell” rating to a “hold” rating in a research note on Friday, May 24th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Vicor in a research note on Wednesday.

Vicor Trading Up 0.1 %

The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 41.33 and a beta of 1.50. The firm has a 50 day moving average price of $34.57 and a two-hundred day moving average price of $36.47.

Vicor (NASDAQ:VICR) last released its quarterly earnings data on Tuesday, July 23rd. The electronics maker reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.12). Vicor had a return on equity of 8.55% and a net margin of 11.49%. The business had revenue of $85.90 million for the quarter, compared to analysts’ expectations of $81.77 million. During the same quarter in the prior year, the firm earned $0.38 earnings per share. Vicor’s quarterly revenue was down 19.5% compared to the same quarter last year.

Insiders Place Their Bets

In other news, VP Nancy L. Grava sold 1,277 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $33.91, for a total value of $43,303.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 2,150 shares of company stock worth $72,275 over the last quarter. 31.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Vicor

Large investors have recently added to or reduced their stakes in the company. GSA Capital Partners LLP grew its stake in shares of Vicor by 130.9% during the fourth quarter. GSA Capital Partners LLP now owns 52,775 shares of the electronics maker’s stock valued at $2,372,000 after acquiring an additional 29,921 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in Vicor by 32.2% during the 1st quarter. BNP Paribas Financial Markets now owns 93,612 shares of the electronics maker’s stock worth $3,580,000 after purchasing an additional 22,797 shares during the last quarter. Ontario Teachers Pension Plan Board acquired a new position in shares of Vicor in the 4th quarter valued at approximately $1,219,000. Sapient Capital LLC acquired a new position in shares of Vicor in the 4th quarter valued at approximately $2,007,000. Finally, Yousif Capital Management LLC boosted its stake in shares of Vicor by 8.7% during the 4th quarter. Yousif Capital Management LLC now owns 11,280 shares of the electronics maker’s stock valued at $507,000 after buying an additional 900 shares during the last quarter. 47.45% of the stock is owned by institutional investors and hedge funds.

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.