Vicor (NASDAQ:VICR) Shares Up 7.8% – Still a Buy?

Vicor Corporation (NASDAQ:VICR)’s stock price traded up 7.8% on Monday. The stock traded as high as $186.38 and last traded at $189.78. 172,808 shares traded hands during trading, a decline of 80% from the average daily volume of 877,638 shares. The stock had previously closed at $176.04.

Analyst Ratings Changes

VICR has been the subject of several research analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $350.00 price target on shares of Vicor in a report on Tuesday, October 20th. Roth Capital set a $360.00 target price on shares of Vicor in a report on Wednesday, October 21st. Zacks Research raised Vicor from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 1st. Weiss Ratings raised Vicor from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday. Finally, Wall Street Zen cut shares of Vicor from a “buy” rating to a “hold” rating in a research report on Saturday. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Vicor currently has an average rating of “Buy” and an average target price of $386.67.

Vicor Price Performance

The stock has a 50 day simple moving average of $225.70 and a 200 day simple moving average of $225.20.

Vicor (NASDAQ:VICR) last announced its quarterly earnings results on Tuesday, October 20th. The electronics maker reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.01. The company had revenue of $197.11 million during the quarter, compared to the consensus estimate of $187.03 million. During the same quarter in the prior year, the firm earned $0.63 earnings per share. The business’s revenue was up 78.5% compared to the same quarter last year. As a group, equities analysts predict that Vicor Corporation will post 3.94 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Zmira Lavie sold 908 shares of Vicor stock in a transaction on Monday, August 17th. The shares were sold at an average price of $250.00, for a total transaction of $227,000.00. Following the completion of the sale, the director directly owned 908 shares in the company, valued at approximately $227,000. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Philip Davies sold 3,073 shares of the firm’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $177.70, for a total transaction of $546,072.10. Following the sale, the vice president owned 1,920 shares in the company, valued at approximately $341,184. This represents a 61.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 27,053 shares of company stock valued at $7,745,984. 28.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Vicor

A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new position in shares of Vicor during the second quarter valued at $934,612,000. Jupiter Topco LLC acquired a new position in shares of Vicor during the 2nd quarter worth approximately $3,934,000. Bank of America Corp DE acquired a new position in Vicor during the second quarter worth approximately $33,515,000. Maxi Investments CY Ltd bought a new position in shares of Vicor in the second quarter valued at about $2,089,000. Finally, Hsbc Holdings PLC grew its holdings in Vicor by 796.8% in the 2nd quarter. Hsbc Holdings PLC now owns 70,523 shares of the electronics maker’s stock valued at $26,366,000 after buying an additional 62,659 shares in the last quarter. Institutional investors and hedge funds own 47.45% of the company’s stock.

Vicor Company Profile

Vicor Corporation (NASDAQ: VICR) designs, develops, manufactures and markets modular power components and systems. The company’s products convert, regulate and distribute electrical power for electronic equipment, with an emphasis on high-performance, compact and efficient power solutions.

Its portfolio includes AC-to-DC and DC-to-DC converters, regulators, power modules, power distribution components and complete power systems. Vicor’s technologies include its Factorized Power Architecture and high-density ChiP packaging, which are designed to help engineers manage power more efficiently while reducing the size and complexity of electronic systems.

Vicor serves customers in industries such as data centers and computing, telecommunications, automotive, aerospace and defense, industrial equipment, and consumer electronics.