Vicor Co. (NASDAQ:VICR) experienced a 7.1% increase in its stock price during Wednesday's trading session, reaching a high of $53.38 and closing at $53.63. Trading volume saw a decline to 113,649 shares, down 61% from the average daily volume.
Analysts have recently updated their ratings on VICR shares, with StockNews.com downgrading Vicor from a 'buy' to a 'hold' rating, while Needham & Company LLC maintained a 'hold' rating and Craig Hallum upgraded Vicor to a 'strong-buy' rating.
The company's 50-day and 200-day simple moving averages stand at $52.84 and $48.75, respectively. Vicor boasts a market cap of $2.41 billion, a PE ratio of 102.52, and a beta of 1.45.
Vicor's latest quarterly earnings report on February 20th revealed earnings per share of $0.23, surpassing analysts' estimates by $0.05. The company reported revenue of $96.17 million, higher than the expected $91.03 million, with a net margin of 6.46% and a return on equity of 4.29%.
In recent insider transactions, Director Andrew D'amico and CAO Quentin A. Fendelet sold shares of VICR. Notably, corporate insiders have collectively sold 13,642 shares valued at $819,890 in the last quarter.
Large institutional investors have shown interest in Vicor, with notable stakes from Wealthfront Advisers LLC, JPMorgan Chase & Co., Summit Partners Public Asset Management LLC, Colrain Capital LLC, and Raymond James Financial Inc., collectively owning 47.45% of the company's stock.
Vicor Corporation specializes in designing, manufacturing, and marketing modular power components and systems for power conversion globally. The company offers various power products and accessories to cater to electrical power needs.
Reference from News: Vicor (NASDAQ:VICR) Trading Up 7.1% - What's Next?