Vicor Co. (NASDAQ:VICR – Get Rating)'s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $59.57 and traded as low as $50.11. Vicor shares last traded at $52.42, with a volume of 309,979 shares trading hands.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on VICR. Craig Hallum reduced their price target on Vicor from $100.00 to $70.00 and set a "buy" rating for the company in a report on Friday, October 21st. Needham & Company LLC reduced their target price on Vicor from $75.00 to $65.00 and set a "buy" rating for the company in a research note on Tuesday, October 11th. StockNews.com raised shares of Vicor from a "sell" rating to a "hold" rating in a research note on Tuesday, November 22nd. Finally, CJS Securities upgraded shares of Vicor from a "market perform" rating to an "outperform" rating and set a $63.00 price objective for the company in a research report on Wednesday, October 26th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $66.00.
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Vicor Stock Performance
The company has a market capitalization of $2.31 billion, a PE ratio of 71.81 and a beta of 1.05. The company has a 50 day simple moving average of $51.71 and a 200 day simple moving average of $59.57.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in Vicor by 1.5% during the 3rd quarter. BlackRock Inc. now owns 2,327,913 shares of the electronics maker's stock worth $137,674,000 after purchasing an additional 33,395 shares during the last quarter. Vanguard Group Inc. grew its stake in Vicor by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 2,140,612 shares of the electronics maker's stock valued at $151,020,000 after acquiring an additional 40,996 shares in the last quarter. Capital Research Global Investors raised its holdings in Vicor by 53.1% in the 1st quarter. Capital Research Global Investors now owns 1,625,517 shares of the electronics maker's stock valued at $114,680,000 after acquiring an additional 563,884 shares during the last quarter. Invesco Ltd. lifted its stake in Vicor by 1.0% in the 1st quarter. Invesco Ltd. now owns 1,312,499 shares of the electronics maker's stock worth $92,596,000 after purchasing an additional 12,892 shares in the last quarter. Finally, Capital International Investors boosted its holdings in shares of Vicor by 355.6% during the 1st quarter. Capital International Investors now owns 1,251,736 shares of the electronics maker's stock worth $88,310,000 after purchasing an additional 976,973 shares during the last quarter. 41.50% of the stock is owned by institutional investors and hedge funds.
Vicor Company Profile
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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; and input and output voltage, and output power products, as well as electrical and mechanical accessories.
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