Vicor (NASDAQ:VICR) Downgraded by BidaskClub

Vicor (NASDAQ:VICR) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday, January 3rd.

Separately, TheStreet upgraded Vicor from a “c” rating to a “b-” rating in a research report on Tuesday, October 24th.

Vicor (NASDAQ VICR) opened at $19.10 on Wednesday. Vicor has a 1-year low of $13.90 and a 1-year high of $25.65. The firm has a market capitalization of $767.45, a PE ratio of -173.64 and a beta of 1.46.

In other Vicor news, CEO Patrizio Vinciarelli acquired 10,000 shares of the business’s stock in a transaction dated Thursday, December 14th. The shares were purchased at an average cost of $21.78 per share, for a total transaction of $217,800.00. Following the transaction, the chief executive officer now owns 9,758,893 shares in the company, valued at $212,548,689.54. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Barry Kelleher sold 4,022 shares of Vicor stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $21.71, for a total value of $87,317.62. Following the completion of the sale, the director now owns 6,279 shares in the company, valued at $136,317.09. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 42,068 shares of company stock worth $928,639. 38.90% of the stock is owned by corporate insiders.

Hedge funds have recently modified their holdings of the company. Ashford Capital Management Inc. grew its position in shares of Vicor by 1.1% in the 2nd quarter. Ashford Capital Management Inc. now owns 1,803,020 shares of the electronics maker’s stock worth $32,274,000 after buying an additional 18,798 shares during the last quarter. EAM Investors LLC grew its position in shares of Vicor by 109.4% in the 3rd quarter. EAM Investors LLC now owns 84,663 shares of the electronics maker’s stock worth $1,998,000 after buying an additional 44,238 shares during the last quarter. Manatuck Hill Partners LLC grew its position in shares of Vicor by 28.3% in the 2nd quarter. Manatuck Hill Partners LLC now owns 179,597 shares of the electronics maker’s stock worth $3,215,000 after buying an additional 39,597 shares during the last quarter. State Street Corp grew its position in shares of Vicor by 7.0% in the 2nd quarter. State Street Corp now owns 431,379 shares of the electronics maker’s stock worth $7,722,000 after buying an additional 28,222 shares during the last quarter. Finally, New York State Common Retirement Fund grew its position in shares of Vicor by 11.3% in the 2nd quarter. New York State Common Retirement Fund now owns 16,700 shares of the electronics maker’s stock worth $299,000 after buying an additional 1,699 shares during the last quarter. Hedge funds and other institutional investors own 25.10% of the company’s stock.

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About Vicor

Vicor Corporation designs, develops, manufactures and markets modular power components and power systems for converting, regulating and controlling electric current. The Company’s segments include Brick Business Unit (BBU), VI Chip and Picor. The BBU segment designs, develops, manufactures and markets modular direct current-direct current converters and configurable products, and also includes the entities comprising Vicor Custom Power, and the BBU operations of Vicor Japan Company, Ltd.

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