Vicor (NASDAQ:VICR) Raised to Strong-Buy at Roth Capital

Vicor (NASDAQ:VICR) was upgraded by Roth Capital to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

Other equities research analysts have also recently issued reports about the company. Craig Hallum upgraded Vicor from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a report on Wednesday, October 22nd. Needham & Company LLC set a $90.00 target price on shares of Vicor and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Vicor in a report on Wednesday, October 8th. Finally, Wall Street Zen cut shares of Vicor from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 23rd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $98.33.

Vicor Price Performance

Shares of VICR opened at $97.19 on Tuesday. The firm has a market capitalization of $4.34 billion, a price-to-earnings ratio of 53.11 and a beta of 1.94. Vicor has a 1-year low of $38.92 and a 1-year high of $102.19. The company has a 50-day moving average of $85.11 and a 200 day moving average of $60.93.

Vicor (NASDAQ:VICR) last issued its earnings results on Tuesday, October 21st. The electronics maker reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.43. The business had revenue of $110.42 million for the quarter, compared to analyst estimates of $95.40 million. Vicor had a net margin of 18.63% and a return on equity of 13.77%. The company’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same period last year, the company posted $0.26 earnings per share.

Insiders Place Their Bets

In other Vicor news, VP Philip D. Davies sold 15,763 shares of the stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $92.07, for a total transaction of $1,451,299.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Claudio Tuozzolo sold 14,637 shares of Vicor stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $91.86, for a total transaction of $1,344,554.82. Following the completion of the transaction, the vice president directly owned 33,622 shares in the company, valued at approximately $3,088,516.92. The trade was a 30.33% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 172,791 shares of company stock valued at $15,776,939 in the last three months. 31.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC increased its position in Vicor by 53.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker’s stock valued at $30,000 after buying an additional 210 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Vicor by 13.7% during the third quarter. PNC Financial Services Group Inc. now owns 1,129 shares of the electronics maker’s stock worth $56,000 after acquiring an additional 136 shares during the last quarter. Strs Ohio acquired a new position in shares of Vicor during the first quarter valued at about $56,000. iSAM Funds UK Ltd purchased a new position in shares of Vicor in the 3rd quarter valued at approximately $79,000. Finally, Tower Research Capital LLC TRC raised its position in shares of Vicor by 993.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,782 shares of the electronics maker’s stock valued at $172,000 after purchasing an additional 3,436 shares during the last quarter. 47.45% of the stock is currently owned by hedge funds and other institutional investors.

Vicor Company Profile

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.