Vicor (NASDAQ:VICR) Trading Up 14.7% – Here’s What Happened

Vicor Corporation (NASDAQ:VICR) shares were up 14.7% on Wednesday . The company traded as high as $184.24 and last traded at $183.2740. Approximately 214,670 shares were traded during mid-day trading, a decline of 73% from the average daily volume of 784,530 shares. The stock had previously closed at $159.83.

Analyst Ratings Changes

A number of equities analysts recently weighed in on VICR shares. Roth Mkm reissued a “buy” rating and issued a $175.00 price target on shares of Vicor in a research note on Thursday, January 22nd. Zacks Research raised Vicor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Vicor in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $118.33.

Vicor Trading Up 14.6%

The stock has a market capitalization of $8.31 billion, a price-to-earnings ratio of 70.04 and a beta of 1.97. The stock has a 50-day simple moving average of $170.69 and a 200 day simple moving average of $121.69.

Vicor (NASDAQ:VICR) last announced its quarterly earnings data on Thursday, February 19th. The electronics maker reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.63. Vicor had a return on equity of 18.73% and a net margin of 26.19%.The firm had revenue of $362.70 million during the quarter, compared to analyst estimates of $107.78 million. During the same period last year, the company posted $0.23 EPS. The business’s quarterly revenue was up 11.5% compared to the same quarter last year.

Insiders Place Their Bets

In other Vicor news, CEO Patrizio Vinciarelli sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of $183.70, for a total transaction of $9,185,000.00. Following the completion of the sale, the chief executive officer directly owned 8,984,984 shares in the company, valued at approximately $1,650,541,560.80. This trade represents a 0.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO James F. Schmidt sold 15,500 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $177.19, for a total value of $2,746,445.00. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 531,342 shares of company stock valued at $96,330,469. 31.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Vicor

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Vicor by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 2,534,534 shares of the electronics maker’s stock valued at $277,785,000 after buying an additional 60,963 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Vicor by 4.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 578,515 shares of the electronics maker’s stock valued at $28,759,000 after buying an additional 25,393 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Vicor by 1,542.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 439,820 shares of the electronics maker’s stock valued at $48,205,000 after buying an additional 413,038 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Vicor by 3,918.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 432,189 shares of the electronics maker’s stock valued at $47,368,000 after buying an additional 421,435 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Vicor by 39.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 374,088 shares of the electronics maker’s stock valued at $41,000,000 after buying an additional 106,206 shares during the last quarter. 47.45% of the stock is currently 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.