Vicor (NASDAQ:VICR) Price Target Raised to $450.00 at Craig Hallum

Vicor (NASDAQ:VICR) had its price target increased by equities research analysts at Craig Hallum to $450.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the electronics maker’s stock. Craig Hallum’s target price would suggest a potential upside of 26.12% from the stock’s previous close.

VICR has been the topic of a number of other reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Vicor in a report on Monday, June 1st. Roth Mkm restated a “buy” rating and set a $375.00 price target (up from $285.00) on shares of Vicor in a research note on Monday. Zacks Research upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Needham & Company LLC upped their price objective on shares of Vicor to $400.00 and gave the stock a “buy” rating in a report on Monday. Finally, Wall Street Zen lowered shares of Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $408.33.

Vicor Trading Up 7.7%

VICR stock traded up $25.43 during trading on Monday, reaching $356.80. 142,068 shares of the stock were exchanged, compared to its average volume of 812,845. The firm’s 50 day moving average is $275.42 and its 200 day moving average is $193.50. Vicor has a twelve month low of $41.76 and a twelve month high of $365.00. The firm has a market cap of $16.26 billion, a P/E ratio of 120.97 and a beta of 2.36.

Vicor (NASDAQ:VICR) last announced its quarterly earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $109.05 million. During the same quarter in the prior year, the company earned $0.06 earnings per share. The company’s quarterly revenue was up 20.2% on a year-over-year basis. As a group, analysts predict that Vicor will post 2.71 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Patrizio Vinciarelli sold 20,000 shares of the company’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $329.57, for a total transaction of $6,591,400.00. Following the completion of the sale, the chief executive officer owned 8,548,090 shares in the company, valued at approximately $2,817,194,021.30. This represents a 0.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Philip D. Davies sold 3,072 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $321.69, for a total value of $988,231.68. Following the sale, the vice president owned 1,920 shares of the company’s stock, valued at $617,644.80. This trade represents a 61.54% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 470,099 shares of company stock valued at $118,433,183. 28.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Vicor

A number of hedge funds have recently bought and sold shares of the company. Federated Hermes Inc. bought a new stake in shares of Vicor in the 4th quarter worth $27,000. Blue Trust Inc. lifted its position in shares of Vicor by 1,814.3% during the first quarter. Blue Trust Inc. now owns 268 shares of the electronics maker’s stock valued at $43,000 after purchasing an additional 254 shares in the last quarter. ROSS JOHNSON & Associates LLC lifted its position in shares of Vicor by 13,750.0% during the first quarter. ROSS JOHNSON & Associates LLC now owns 277 shares of the electronics maker’s stock valued at $45,000 after purchasing an additional 275 shares in the last quarter. Harbour Investments Inc. purchased a new position in Vicor during the fourth quarter worth about $32,000. Finally, Meeder Asset Management Inc. boosted its holdings in Vicor by 189.4% during the first quarter. Meeder Asset Management Inc. now owns 301 shares of the electronics maker’s stock worth $48,000 after purchasing an additional 197 shares during the last quarter. 47.45% of the stock is owned by hedge funds and other institutional investors.

About Vicor

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.