Vicor (NASDAQ:VICR) Sets New 52-Week High – Here’s What Happened

Vicor Co. (NASDAQ:VICR) reached a new 52-week high on Wednesday . The stock traded as high as $62.00 and last traded at $59.98, with a volume of 137656 shares traded. The stock had previously closed at $56.60.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Craig Hallum raised their price target on Vicor from $35.00 to $43.00 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. Needham & Company LLC restated a “hold” rating on shares of Vicor in a research note on Wednesday, October 23rd.

Vicor Price Performance

The stock has a 50 day simple moving average of $52.47 and a 200-day simple moving average of $44.82. The firm has a market cap of $2.59 billion, a PE ratio of 119.38 and a beta of 1.50.

Vicor (NASDAQ:VICR) last released its quarterly earnings data on Tuesday, October 22nd. The electronics maker reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.13. Vicor had a net margin of 6.08% and a return on equity of 4.00%. The business had revenue of $93.17 million during the quarter, compared to analyst estimates of $85.23 million. During the same period last year, the business earned $0.37 EPS. Vicor’s revenue was down 13.6% compared to the same quarter last year.

Insider Activity

In other Vicor news, VP Alex Gusinov sold 856 shares of Vicor stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $59.01, for a total value of $50,512.56. Following the completion of the sale, the vice president now owns 16,018 shares of the company’s stock, valued at approximately $945,222.18. The trade was a 5.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Estia J. Eichten sold 8,000 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $55.51, for a total value of $444,080.00. Following the transaction, the director now directly owns 230,267 shares in the company, valued at $12,782,121.17. The trade was a 3.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,856 shares of company stock valued at $837,413 over the last ninety days. 31.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Vicor

Hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. grew its position in Vicor by 60.6% during the third quarter. JPMorgan Chase & Co. now owns 3,275,237 shares of the electronics maker’s stock valued at $137,887,000 after buying an additional 1,236,264 shares during the period. Millennium Management LLC bought a new stake in shares of Vicor during the 2nd quarter valued at $5,019,000. Dimensional Fund Advisors LP increased its stake in shares of Vicor by 14.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 543,153 shares of the electronics maker’s stock worth $18,012,000 after purchasing an additional 66,775 shares in the last quarter. Geode Capital Management LLC raised its holdings in Vicor by 6.3% in the 3rd quarter. Geode Capital Management LLC now owns 572,195 shares of the electronics maker’s stock worth $24,094,000 after purchasing an additional 33,696 shares during the period. Finally, Harbor Capital Advisors Inc. bought a new stake in Vicor during the fourth quarter valued at about $1,557,000. Hedge funds and other institutional investors own 47.45% of the company’s stock.

Vicor Company Profile

Vicor Corporation, together with its subsidiaries, designs, develops, manufactures, and markets modular power components and power systems for converting electrical power in the United States, Europe, the Asia Pacific, and internationally. The company offers a range of brick-format DC-DC converters; complementary components provide AC line rectification, input filtering, power factor correction, and transient protection; and input and output voltage, and output power products, as well as electrical and mechanical accessories.