Analysts Set Vicor Corporation (NASDAQ:VICR) Target Price at $198.33

Shares of Vicor Corporation (NASDAQ:VICR) have earned an average recommendation of “Buy” from the five brokerages that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $198.3333.

VICR has been the topic of several recent analyst reports. Roth Mkm reiterated a “buy” rating and set a $245.00 target price on shares of Vicor in a research note on Monday, April 20th. Zacks Research upgraded Vicor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Wall Street Zen downgraded Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Finally, Needham & Company LLC increased their target price on Vicor from $180.00 to $260.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st.

Vicor Stock Down 0.1%

Vicor stock opened at $267.99 on Friday. The company has a market capitalization of $12.21 billion, a P/E ratio of 89.63 and a beta of 2.33. The stock’s 50 day moving average is $217.97 and its 200 day moving average is $161.43. Vicor has a twelve month low of $40.54 and a twelve month high of $316.82.

Vicor (NASDAQ:VICR) last issued its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 EPS for the quarter, beating the consensus estimate of $0.40 by $0.04. Vicor had a return on equity of 20.21% and a net margin of 28.98%.The business had revenue of $112.97 million for the quarter, compared to the consensus estimate of $109.05 million. During the same period last year, the business posted $0.06 EPS. The company’s revenue was up 20.2% compared to the same quarter last year. As a group, equities analysts expect that Vicor will post 2.71 EPS for the current year.

Insider Buying and Selling at Vicor

In other Vicor news, VP Alvaro Doyle sold 4,041 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $286.91, for a total transaction of $1,159,403.31. Following the sale, the vice president directly owned 42 shares in the company, valued at approximately $12,050.22. This trade represents a 98.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Quentin A. Fendelet sold 5,059 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of $297.03, for a total value of $1,502,674.77. Following the sale, the chief accounting officer owned 4,963 shares in the company, valued at approximately $1,474,159.89. This represents a 50.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 748,666 shares of company stock worth $145,530,238. Insiders own 31.30% of the company’s stock.

Hedge Funds Weigh In On Vicor

Hedge funds and other institutional investors have recently modified their holdings of the company. Federated Hermes Inc. bought a new position in shares of Vicor during the 4th quarter valued at $27,000. Blue Trust Inc. lifted its holdings in shares of Vicor by 1,814.3% during the 1st quarter. Blue Trust Inc. now owns 268 shares of the electronics maker’s stock valued at $43,000 after buying an additional 254 shares during the period. ROSS JOHNSON & Associates LLC lifted its holdings in shares of Vicor by 13,750.0% during the 1st quarter. ROSS JOHNSON & Associates LLC now owns 277 shares of the electronics maker’s stock valued at $45,000 after buying an additional 275 shares during the period. Harbour Investments Inc. bought a new position in shares of Vicor during the 4th quarter valued at $32,000. Finally, Meeder Asset Management Inc. lifted its holdings in shares of Vicor by 189.4% during the 1st quarter. Meeder Asset Management Inc. now owns 301 shares of the electronics maker’s stock valued at $48,000 after buying an additional 197 shares during the period. 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.