Vicor (NASDAQ:VICR) Trading Up 9.6% – Still a Buy?

Vicor Corporation (NASDAQ:VICR) traded up 9.6% on Monday . The company traded as high as $353.89 and last traded at $358.4270. 442,611 shares were traded during mid-day trading, a decline of 47% from the average daily volume of 841,972 shares. The stock had previously closed at $326.93.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Roth Mkm increased their price target on Vicor from $285.00 to $375.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Wall Street Zen downgraded Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Vicor in a research report on Monday, June 1st. Needham & Company LLC increased their target price on Vicor to $400.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Finally, Craig Hallum boosted their price target on shares of Vicor to $450.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $408.33.

Vicor Trading Up 12.8%

The company has a fifty day moving average of $290.25 and a 200-day moving average of $202.01. The company has a market capitalization of $16.81 billion, a price-to-earnings ratio of 123.41 and a beta of 2.36.

Vicor (NASDAQ:VICR) last announced its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. The business had revenue of $112.97 million during the quarter, compared to analysts’ expectations of $109.05 million. Vicor had a return on equity of 20.21% and a net margin of 28.98%.The business’s revenue was up 20.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.06 earnings per share. As a group, equities research analysts expect that Vicor Corporation will post 2.94 EPS for the current year.

Insiders Place Their Bets

In other Vicor news, CEO Patrizio Vinciarelli sold 50,000 shares of the firm’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $193.21, for a total value of $9,660,500.00. Following the transaction, the chief executive officer owned 8,895,090 shares in the company, valued at approximately $1,718,620,338.90. This trade represents a 0.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 462,630 shares of company stock valued at $127,272,416. Company insiders own 28.30% of the company’s stock.

Institutional Investors Weigh In On Vicor

Hedge funds have recently modified their holdings of the business. Federated Hermes Inc. acquired a new position in Vicor during the fourth quarter worth about $27,000. Harbour Investments Inc. acquired a new stake in Vicor in the 4th quarter valued at about $32,000. Allworth Financial LP raised its holdings in Vicor by 960.0% in the 4th quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock valued at $35,000 after acquiring an additional 288 shares during the last quarter. NBC Securities Inc. purchased a new position in Vicor in the 4th quarter worth approximately $36,000. Finally, SBI Securities Co. Ltd. lifted its stake in Vicor by 32,400.0% in the 4th quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker’s stock worth $36,000 after purchasing an additional 324 shares in 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.