Vicor (NASDAQ:VICR) Hits New 1-Year High – Here’s Why

Vicor Corporation (NASDAQ:VICR) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $162.08 and last traded at $157.40, with a volume of 748204 shares traded. The stock had previously closed at $149.88.

Analysts Set New Price Targets

Several research firms recently weighed in on VICR. Wall Street Zen cut shares of Vicor from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 23rd. Zacks Research raised shares of Vicor to a “hold” rating in a report on Tuesday, December 16th. Roth Capital began coverage on shares of Vicor in a research report on Tuesday, December 16th. They set a “buy” rating and a $115.00 price target on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Vicor in a research report on Wednesday, October 8th. Finally, Needham & Company LLC set a $90.00 target price on Vicor and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $98.33.

Vicor Stock Performance

The firm’s fifty day moving average is $108.34 and its 200-day moving average is $74.73. The company has a market capitalization of $7.03 billion, a P/E ratio of 86.01 and a beta of 1.90.

Vicor (NASDAQ:VICR) last issued its earnings results on Tuesday, October 21st. The electronics maker reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.43. The firm 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 quarterly revenue was up 18.5% on a year-over-year basis. During the same quarter last year, the business posted $0.26 earnings per share.

Insider Activity at Vicor

In related news, CEO Patrizio Vinciarelli sold 1,883 shares of the business’s stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $114.36, for a total transaction of $215,339.88. Following the sale, the chief executive officer owned 9,708,163 shares in the company, valued at $1,110,225,520.68. The trade was a 0.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Andrew D’amico sold 200 shares of the company’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $150.00, for a total value of $30,000.00. The SEC filing for this sale provides additional information. Insiders have sold a total of 258,427 shares of company stock valued at $25,635,123 in the last 90 days. 31.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of VICR. Ethos Financial Group LLC bought a new stake in shares of Vicor in the 4th quarter valued at about $346,000. Beaumont Financial Advisors LLC bought a new stake in Vicor in the fourth quarter valued at approximately $415,000. Range Financial Group LLC acquired a new stake in Vicor during the 4th quarter valued at approximately $1,537,000. Exchange Traded Concepts LLC acquired a new stake in Vicor during the 4th quarter valued at approximately $102,000. Finally, Tradewinds Capital Management LLC bought a new position in Vicor during the 4th quarter worth approximately $156,000. 47.45% of the stock is owned by institutional investors.

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.