Vicor (NASDAQ:VICR) Hits New 12-Month High – Here’s Why

Vicor Corporation (NASDAQ:VICR)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $370.00 and last traded at $366.79, with a volume of 1023312 shares traded. The stock had previously closed at $326.93.

More Vicor News

Here are the key news stories impacting Vicor this week:

• Neutral Sentiment: CEO Patrizio Vinciarelli sold 20,000 shares on June 30, following earlier June sales, adding to investor focus on persistent insider selling. Patrizio Vinciarelli insider trade details
• Positive Sentiment: Vicor recently lifted second-quarter revenue guidance, citing stronger product revenue and additional royalty income, which supports the company’s growth outlook. Vicor slides as investors digest insider selling despite strong recent guidance
• Positive Sentiment: The company’s Q1 results were solid, with revenue of $113.0 million, EPS of $0.44, and backlog up 75% year over year, reinforcing the idea that the business itself remains healthy. Vicor slides as investors digest insider selling despite strong recent guidance
• Negative Sentiment: Recent SEC filings show continued CEO share sales under a Rule 10b5-1 plan, which may be weighing on sentiment as traders interpret the activity as ongoing supply overhang. Vicor insider selling and guidance article

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on VICR shares. Roth Mkm upped their price objective on shares of Vicor from $285.00 to $375.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Wall Street Zen downgraded shares of Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Needham & Company LLC upped their price target on shares of Vicor to $400.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Vicor in a research note on Monday, June 1st. Finally, Craig Hallum lifted their price target on shares of Vicor to $450.00 and gave the company a “buy” rating in a report on Monday, June 22nd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $408.33.

Vicor Price Performance

The business’s 50-day simple moving average is $299.26 and its two-hundred day simple moving average is $207.61. The stock has a market capitalization of $15.96 billion, a price-to-earnings ratio of 117.13 and a beta of 2.32.

Vicor (NASDAQ:VICR) last issued its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. The business had revenue of $112.97 million for the quarter, compared to the consensus estimate of $109.05 million. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The business’s revenue for the quarter was up 20.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.06 EPS. As a group, sell-side analysts expect that Vicor Corporation will post 2.94 EPS for the current year.

Insider Buying and Selling at Vicor

In related news, CEO Patrizio Vinciarelli sold 20,000 shares of the firm’s stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $375.04, for a total transaction of $7,500,800.00. Following the completion of the sale, the chief executive officer directly owned 8,388,090 shares of the company’s stock, valued at approximately $3,145,869,273.60. This trade represents a 0.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Andrew D’amico sold 331 shares of Vicor stock in a transaction on Friday, June 26th. The stock was sold at an average price of $319.53, for a total transaction of $105,764.43. Following the sale, the director directly owned 200 shares in the company, valued at $63,906. This trade represents a 62.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 503,630 shares of company stock valued at $142,197,891 over the last 90 days. 28.30% of the stock is owned by corporate insiders.

Institutional Trading of Vicor

Large investors have recently modified their holdings of the business. Sapient Capital LLC increased its position in shares of Vicor by 54.6% during the first quarter. Sapient Capital LLC now owns 2,830 shares of the electronics maker’s stock worth $456,000 after acquiring an additional 1,000 shares during the last quarter. Empowered Funds LLC increased its stake in Vicor by 6,794.9% during the first quarter. Empowered Funds LLC now owns 51,091 shares of the electronics maker’s stock valued at $8,226,000 after purchasing an additional 50,350 shares during the last quarter. Parallel Advisors LLC raised its stake in Vicor by 167.8% during the first quarter. Parallel Advisors LLC now owns 490 shares of the electronics maker’s stock worth $79,000 after acquiring an additional 307 shares during the period. NewEdge Advisors LLC raised its position in shares of Vicor by 1,493.1% during the 1st quarter. NewEdge Advisors LLC now owns 2,071 shares of the electronics maker’s stock worth $333,000 after purchasing an additional 1,941 shares during the period. Finally, Axiom Investment Management LLC bought a new stake in shares of Vicor in the 1st quarter worth approximately $209,000. 47.45% of the stock is currently owned by institutional investors and hedge funds.

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.