Vicor (NASDAQ:VICR) Trading Up 14.7% – Here’s What Happened

Vicor Corporation (NASDAQ:VICR) shares were up 14.7% during trading on Wednesday . The company traded as high as $184.24 and last traded at $183.2740. Approximately 214,670 shares traded hands during trading, a decline of 73% from the average daily volume of 784,530 shares. The stock had previously closed at $159.83.

Analysts Set New Price Targets

A number of research analysts have recently commented on VICR shares. Weiss Ratings reissued a “hold (c)” rating on shares of Vicor in a report on Wednesday, January 21st. Roth Mkm reissued a “buy” rating and set a $175.00 price target on shares of Vicor in a report on Thursday, January 22nd. Finally, Zacks Research raised Vicor from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $118.33.

Vicor Price Performance

The business has a fifty day moving average of $170.69 and a 200-day moving average of $121.69. The stock has a market capitalization of $8.31 billion, a price-to-earnings ratio of 70.04 and a beta of 1.97.

Vicor (NASDAQ:VICR) last released its earnings results on Thursday, February 19th. The electronics maker reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.63. The firm had revenue of $362.70 million for the quarter, compared to analyst estimates of $107.78 million. Vicor had a return on equity of 18.73% and a net margin of 26.19%.Vicor’s revenue was up 11.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.23 earnings per share.

Insider Transactions at Vicor

In related news, CEO Patrizio Vinciarelli sold 50,000 shares of Vicor stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $201.54, for a total transaction of $10,077,000.00. Following the transaction, the chief executive officer directly owned 9,608,163 shares of the company’s stock, valued at $1,936,429,171.02. The trade was a 0.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Estia J. Eichten sold 38,587 shares of Vicor stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $168.27, for a total value of $6,493,034.49. Following the transaction, the director directly owned 190,838 shares in the company, valued at approximately $32,112,310.26. The trade was a 16.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 531,342 shares of company stock worth $96,330,469. 31.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Corient Private Wealth LLC grew its holdings in Vicor by 3.9% during the fourth quarter. Corient Private Wealth LLC now owns 4,861 shares of the electronics maker’s stock worth $533,000 after acquiring an additional 184 shares during the period. Bayban purchased a new position in Vicor in the 4th quarter worth about $778,000. Pacer Advisors Inc. increased its stake in Vicor by 240.4% in the 4th quarter. Pacer Advisors Inc. now owns 5,681 shares of the electronics maker’s stock worth $623,000 after purchasing an additional 4,012 shares in the last quarter. Invesco Ltd. increased its stake in Vicor by 125.8% in the 4th quarter. Invesco Ltd. now owns 148,659 shares of the electronics maker’s stock worth $16,293,000 after purchasing an additional 82,831 shares in the last quarter. Finally, State of Tennessee Department of Treasury increased its stake in Vicor by 10.5% in the 4th quarter. State of Tennessee Department of Treasury now owns 14,615 shares of the electronics maker’s stock worth $1,602,000 after purchasing an additional 1,388 shares in the last quarter. 47.45% of the stock is owned by institutional investors and hedge funds.

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.