Vicor Corporation (NASDAQ:VICR) Receives Consensus Rating of “Moderate Buy” from Analysts

Vicor Corporation (NASDAQ:VICR) has been assigned an average recommendation of “Moderate Buy” from the five ratings firms that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $381.6667.

A number of analysts have issued reports on the company. Needham & Company LLC decreased their price target on Vicor from $400.00 to $320.00 and set a “buy” rating on the stock in a research note on Tuesday, July 21st. Roth Capital increased their price objective on shares of Vicor from $285.00 to $375.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Zacks Research cut shares of Vicor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 2nd. Weiss Ratings downgraded shares of Vicor from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday. Finally, Craig Hallum upped their price target on shares of Vicor to $450.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd.

Insider Buying and Selling at Vicor

In other news, CEO Patrizio Vinciarelli sold 20,000 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $304.87, for a total transaction of $6,097,400.00. Following the completion of the sale, the chief executive officer owned 8,608,090 shares in the company, valued at approximately $2,624,348,398.30. The trade was a 0.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 306,088 shares of company stock valued at $99,007,022. Insiders own 28.30% of the company’s stock.

Institutional Investors Weigh In On Vicor

Several large investors have recently made changes to their positions in the business. Andar Capital Management HK Ltd acquired a new position in shares of Vicor during the 2nd quarter valued at $101,100,000. California State Teachers Retirement System raised its position in Vicor by 38,392.1% in the second quarter. California State Teachers Retirement System now owns 10,377,868 shares of the electronics maker’s stock valued at $3,941,307,000 after purchasing an additional 10,350,907 shares during the period. BlackRock Inc. purchased a new position in Vicor in the second quarter valued at about $934,612,000. The Manufacturers Life Insurance Company lifted its stake in shares of Vicor by 3,918.9% during the fourth quarter. The Manufacturers Life Insurance Company now owns 432,189 shares of the electronics maker’s stock worth $47,368,000 after purchasing an additional 421,435 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Vicor by 1,542.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 439,820 shares of the electronics maker’s stock worth $48,205,000 after buying an additional 413,038 shares during the period. Institutional investors and hedge funds own 47.45% of the company’s stock.

Vicor Price Performance

VICR opened at $189.99 on Tuesday. Vicor has a 1-year low of $47.56 and a 1-year high of $382.65. The stock has a market cap of $8.76 billion, a P/E ratio of 60.89 and a beta of 2.37. The stock’s 50 day simple moving average is $257.44 and its 200 day simple moving average is $233.95.

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 return on equity of 19.83% and a net margin of 30.65%.The firm had revenue of $143.35 million during the quarter, compared to the consensus estimate of $138.37 million. During the same period in the previous year, the firm posted $0.91 EPS. The company’s quarterly revenue was up 49.3% compared to the same quarter last year. Research analysts expect that Vicor will post 3.12 EPS for the current fiscal year.

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.