Vicor (NASDAQ:VICR) Trading 7.6% Higher – Should You Buy?

Vicor Corporation (NASDAQ:VICR)’s stock price shot up 7.6% during mid-day trading on Monday . The company traded as high as $250.50 and last traded at $252.4770. Approximately 247,978 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 840,850 shares. The stock had previously closed at $234.74.

Analysts Set New Price Targets

VICR has been the topic of several analyst reports. Craig Hallum increased their price target on Vicor to $450.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Zacks Research lowered Vicor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 2nd. Wall Street Zen cut Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Weiss Ratings raised Vicor from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 6th. Finally, Needham & Company LLC decreased their target price on shares of Vicor from $400.00 to $320.00 and set a “buy” rating for the company in a research note on Tuesday, July 21st. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $381.67.

Vicor Trading Up 7.5%

The firm has a market cap of $11.64 billion, a price-to-earnings ratio of 80.92 and a beta of 2.37. The stock’s 50 day moving average is $266.38 and its 200 day moving average is $231.70.

Vicor (NASDAQ:VICR) last issued its quarterly earnings data on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share (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 firm had revenue of $143.35 million during the quarter, compared to the consensus estimate of $138.37 million. During the same period last year, the business posted $0.91 earnings per share. The business’s revenue for the quarter was up 49.3% compared to the same quarter last year. On average, equities research analysts predict that Vicor Corporation will post 3.12 EPS for the current year.

Insider Buying and Selling at Vicor

In related news, CEO Patrizio Vinciarelli sold 20,000 shares of Vicor stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $279.50, for a total transaction of $5,590,000.00. Following the completion of the sale, the chief executive officer directly owned 8,628,090 shares of the company’s stock, valued at approximately $2,411,551,155. This trade represents a 0.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 312,751 shares of company stock worth $101,273,682 in the last 90 days. 28.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VICR. Federated Hermes Inc. acquired a new stake in shares of Vicor during the fourth quarter worth $27,000. Harbour Investments Inc. bought a new stake in shares of Vicor in the fourth quarter valued at about $32,000. Allworth Financial LP grew its stake in shares of Vicor by 960.0% in the fourth quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock valued at $35,000 after acquiring an additional 288 shares in the last quarter. NBC Securities Inc. acquired a new position in shares of Vicor in the fourth quarter valued at about $36,000. Finally, SBI Securities Co. Ltd. increased its position in Vicor by 32,400.0% during the fourth quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker’s stock worth $36,000 after acquiring an additional 324 shares during the period. 47.45% of the stock is 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.