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

Vicor Corporation (NASDAQ:VICR)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $186.28 and last traded at $178.8780, with a volume of 184573 shares. The stock had previously closed at $170.01.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Roth Mkm reiterated a “buy” rating and issued a $175.00 target price on shares of Vicor in a research report on Thursday, January 22nd. Zacks Research raised shares of Vicor to a “hold” rating in a report on Tuesday, December 16th. 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, Weiss Ratings reissued a “hold (c)” rating on shares of Vicor in a report on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $118.33.

Vicor Stock Up 0.1%

The firm has a market cap of $7.60 billion, a price-to-earnings ratio of 64.75 and a beta of 1.90. The business’s 50-day simple moving average is $139.90 and its two-hundred day simple moving average is $93.11.

Vicor (NASDAQ:VICR) last posted its quarterly earnings data on Thursday, February 19th. The electronics maker reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.63. The business had revenue of $107.26 million during the quarter, compared to analysts’ expectations of $107.78 million. Vicor had a return on equity of 18.73% and a net margin of 26.19%.The business’s revenue was up 11.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.23 earnings per share.

Insider Buying and Selling

In related news, CEO Patrizio Vinciarelli sold 1,883 shares of the company’s stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $114.36, for a total transaction of $215,339.88. Following the completion of the transaction, the chief executive officer owned 9,708,163 shares in the company, valued at $1,110,225,520.68. This represents a 0.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO James F. Schmidt sold 5,000 shares of the firm’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $110.00, for a total transaction of $550,000.00. Following the completion of the transaction, the chief financial officer directly owned 875 shares in the company, valued at $96,250. This represents a 85.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 126,735 shares of company stock valued at $13,607,975. 31.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Vicor

A number of hedge funds have recently made changes to their positions in the company. Royal Bank of Canada boosted its stake in shares of Vicor by 6.0% in the first quarter. Royal Bank of Canada now owns 15,167 shares of the electronics maker’s stock worth $709,000 after acquiring an additional 857 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Vicor by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,537 shares of the electronics maker’s stock valued at $633,000 after purchasing an additional 563 shares in the last quarter. Millennium Management LLC lifted its holdings in Vicor by 4,634.5% in the 1st quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock valued at $12,379,000 after purchasing an additional 259,022 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Vicor by 38.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 41,541 shares of the electronics maker’s stock worth $1,943,000 after purchasing an additional 11,525 shares during the last quarter. Finally, Acadian Asset Management LLC grew its holdings in shares of Vicor by 56.1% during the first quarter. Acadian Asset Management LLC now owns 8,860 shares of the electronics maker’s stock worth $413,000 after buying an additional 3,184 shares in the last quarter. Institutional investors and hedge funds own 47.45% of the company’s stock.

About Vicor

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.