Vicor (NASDAQ:VICR) Sets New 12-Month High at $147.16

Shares of Vicor Co. (NASDAQ:VICR) hit a new 52-week high on Thursday . The company traded as high as $147.16 and last traded at $146.80, with a volume of 1687 shares traded. The stock had previously closed at $144.96.

A number of brokerages recently weighed in on VICR. Zacks Investment Research lowered Vicor from a “buy” rating to a “hold” rating in a research report on Thursday, September 23rd. Needham & Company LLC boosted their price objective on Vicor from $110.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, July 23rd. Northland Securities started coverage on Vicor in a report on Friday, July 23rd. They set a “hold” rating and a $100.00 target price on the stock. Finally, Craig Hallum lifted their target price on Vicor from $150.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, October 4th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Vicor currently has an average rating of “Buy” and an average price target of $133.20.

The stock has a market capitalization of $6.40 billion, a price-to-earnings ratio of 127.91 and a beta of 0.68. The company has a fifty day simple moving average of $128.30 and a 200 day simple moving average of $106.20.

Vicor (NASDAQ:VICR) last announced its quarterly earnings data on Thursday, July 22nd. The electronics maker reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.10. The company had revenue of $95.38 million for the quarter, compared to the consensus estimate of $93.98 million. Vicor had a return on equity of 14.18% and a net margin of 14.85%. The firm’s revenue was up 34.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.06 EPS. As a group, research analysts expect that Vicor Co. will post 1.64 EPS for the current year.

In related news, Director Samuel J. Anderson sold 5,651 shares of the company’s stock in a transaction that occurred on Tuesday, August 10th. The stock was sold at an average price of $120.00, for a total transaction of $678,120.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Richard J. Nagel, Jr. sold 292 shares of the business’s stock in a transaction that occurred on Monday, August 9th. The stock was sold at an average price of $121.27, for a total value of $35,410.84. The disclosure for this sale can be found here. Insiders sold a total of 181,081 shares of company stock worth $21,498,588 over the last three months. 33.10% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Lazard Asset Management LLC bought a new stake in Vicor during the 1st quarter worth approximately $34,000. Point72 Hong Kong Ltd increased its holdings in Vicor by 619.2% during the 1st quarter. Point72 Hong Kong Ltd now owns 561 shares of the electronics maker’s stock worth $48,000 after purchasing an additional 483 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of Vicor by 333.7% in the second quarter. Royal Bank of Canada now owns 1,878 shares of the electronics maker’s stock valued at $199,000 after acquiring an additional 1,445 shares in the last quarter. Liberty Wealth Management LLC grew its holdings in shares of Vicor by 10,474.0% in the second quarter. Liberty Wealth Management LLC now owns 21,148 shares of the electronics maker’s stock valued at $200,000 after acquiring an additional 20,948 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new position in shares of Vicor in the first quarter valued at approximately $201,000. 38.31% of the stock is owned by hedge funds and other institutional investors.

About Vicor (NASDAQ:VICR)

Vicor Corp. engages in the design, development, manufacture, and marketing of modular power components. The firm provides complete power systems based upon a portfolio of patented technologies. Its products include AC-DC converters, power systems, and accessories. The company was founded by Patrizio Vinciarelli in 1981 and is headquartered in Andover, MA.

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