Vicor (NASDAQ:VICR) Hits New 12-Month High – Should You Buy?

Vicor Corporation (NASDAQ:VICR) hit a new 52-week high during trading on Monday . The company traded as high as $149.99 and last traded at $143.7280, with a volume of 968587 shares traded. The stock had previously closed at $116.86.

Analyst Ratings Changes

Several equities analysts recently issued reports on VICR shares. Zacks Research upgraded shares of Vicor to a “hold” rating in a research note on Tuesday, December 16th. Roth Capital initiated coverage on shares of Vicor in a report on Tuesday, December 16th. They set a “buy” rating and a $115.00 price target on the stock. Craig Hallum raised shares of Vicor from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a report on Wednesday, October 22nd. Wall Street Zen lowered shares of Vicor from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 23rd. Finally, Needham & Company LLC set a $90.00 price target on Vicor and gave the company a “buy” rating in a research note on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Vicor currently has a consensus rating of “Moderate Buy” and an average price target of $98.33.

Vicor Trading Up 20.2%

The firm’s fifty day moving average is $95.83 and its 200 day moving average is $66.50. The company has a market cap of $6.27 billion, a PE ratio of 76.81 and a beta of 1.90.

Vicor (NASDAQ:VICR) last announced its earnings results on Tuesday, October 21st. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate 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 revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.26 earnings per share.

Insider Transactions at Vicor

In other news, Director Andrew D’amico sold 754 shares of Vicor stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $104.00, for a total value of $78,416.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Patrizio Vinciarelli sold 1,883 shares of the stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $114.36, for a total value of $215,339.88. Following the completion of the transaction, the chief executive officer directly owned 9,708,163 shares of the company’s stock, valued at approximately $1,110,225,520.68. This represents a 0.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 278,745 shares of company stock valued at $27,256,654 in the last 90 days. Corporate insiders own 31.30% of the company’s stock.

Institutional Investors Weigh In On Vicor

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC increased its stake in shares of Vicor by 53.4% in the third quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker’s stock worth $30,000 after buying an additional 210 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Vicor by 13.7% during the 3rd 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 in the last quarter. Strs Ohio bought a new stake in shares of Vicor in the 1st quarter worth about $56,000. iSAM Funds UK Ltd bought a new stake in shares of Vicor in the 3rd quarter worth about $79,000. Finally, GAMMA Investing LLC raised its stake in shares of Vicor by 19.8% in the 4th quarter. GAMMA Investing LLC now owns 1,565 shares of the electronics maker’s stock valued at $172,000 after purchasing an additional 259 shares in the last quarter. Institutional investors and hedge funds own 47.45% of the company’s stock.

Vicor Company Profile

Vicor Corporation is a designer and manufacturer of modular power components and systems, serving a wide range of industries that demand high performance and efficiency. Headquartered in Andover, Massachusetts, the company develops power conversion solutions that help customers optimize energy delivery in applications from telecommunications and data centers to industrial and automotive systems.

The company’s product portfolio includes high-density DC-DC converters, AC-DC front-end modules, point-of-load regulators and complete power systems that combine multiple conversion stages in a single package.