Vicor (NASDAQ:VICR) Given “Buy” Rating at Needham & Company LLC

Vicor (NASDAQ:VICR)‘s stock had its “buy” rating restated by equities research analysts at Needham & Company LLC in a research note issued to investors on Tuesday, Marketbeat.com reports. They presently have a $320.00 target price on the electronics maker’s stock. Needham & Company LLC’s price objective points to a potential upside of 12.24% from the company’s current price.

Several other brokerages have also recently commented on VICR. Zacks Research cut shares of Vicor from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 2nd. Craig Hallum increased their price target on shares of Vicor to $450.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Roth Capital increased their price target 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. Finally, Weiss Ratings cut shares of Vicor from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, September 18th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Vicor presently has a consensus rating of “Moderate Buy” and an average target price of $381.67.

Vicor Stock Up 1.1%

VICR traded up $3.14 during trading hours on Tuesday, hitting $285.10. 695,793 shares of the company’s stock were exchanged, compared to its average volume of 868,185. Vicor has a 1-year low of $48.31 and a 1-year high of $382.65. The stock’s 50-day moving average is $212.70 and its two-hundred day moving average is $240.48. The stock has a market cap of $13.15 billion, a price-to-earnings ratio of 91.38 and a beta of 2.35.

Vicor (NASDAQ:VICR) last announced its earnings results on Tuesday, July 21st. The electronics maker reported $1.04 EPS for the quarter, topping the consensus estimate of $0.65 by $0.39. Vicor had a net margin of 30.65% and a return on equity of 19.83%. The business had revenue of $143.35 million during the quarter, compared to analysts’ expectations of $138.37 million. During the same quarter in the prior year, the company posted $0.91 earnings per share. The firm’s revenue was up 49.3% on a year-over-year basis. On average, equities research analysts anticipate that Vicor will post 3.64 EPS for the current year.

Insider Buying and Selling at Vicor

In other Vicor news, Director Zmira Lavie sold 908 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $250.00, for a total value of $227,000.00. Following the completion of the sale, the director owned 908 shares in the company, valued at $227,000. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Patrizio Vinciarelli sold 700 shares of the stock in a transaction on Monday, July 6th. The shares were sold at an average price of $302.40, for a total transaction of $211,680.00. Following the completion of the sale, the chief executive officer owned 8,347,390 shares of the company’s stock, valued at approximately $2,524,250,736. This represents a 0.01% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 50,826 shares of company stock worth $16,610,433 over the last quarter. 28.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Vicor

Large investors have recently modified their holdings of the stock. Carolina Wealth Advisors LLC raised its position in shares of Vicor by 70.9% in the second quarter. Carolina Wealth Advisors LLC now owns 147 shares of the electronics maker’s stock valued at $56,000 after purchasing an additional 61 shares during the period. Elevation Wealth Partners LLC bought a new position in shares of Vicor in the second quarter valued at about $76,000. Blue Trust Inc. raised its position in shares of Vicor by 1,814.3% in the first quarter. Blue Trust Inc. now owns 268 shares of the electronics maker’s stock valued at $43,000 after purchasing an additional 254 shares during the period. ROSS JOHNSON & Associates LLC raised its position in shares of Vicor by 13,750.0% in the first quarter. ROSS JOHNSON & Associates LLC now owns 277 shares of the electronics maker’s stock valued at $45,000 after purchasing an additional 275 shares during the period. Finally, Harbour Investments Inc. bought a new position in shares of Vicor in the fourth quarter valued at about $32,000. 47.45% of the stock is owned by institutional investors.

About Vicor

Vicor Corporation (NASDAQ: VICR) designs, manufactures and markets modular power components and power systems. The company’s products are used to convert, regulate and distribute electrical power in electronic systems, with an emphasis on high-density, efficient and scalable power-conversion technology.

Its portfolio includes AC-to-DC and DC-to-DC power modules, bus converters, point-of-load regulators, power accessories and complete power systems. Vicor’s Factorized Power Architecture separates power conversion, transformation and regulation functions to help customers address power-density, thermal-management and system-design requirements.

Vicor serves customers in markets including data centers and communications infrastructure, automotive and transportation, aerospace and defense, industrial equipment, and other high-performance electronics applications.