Vicor Corporation (NASDAQ:VICR) Stock Now Rated “Buy” by Wall Street Analysts

Shares of Vicor Corporation (NASDAQ:VICR) have been given a consensus recommendation of “Buy” by the five ratings firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $386.67.

A number of equities analysts have commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $350.00 price objective on shares of Vicor in a research report on Tuesday, October 20th. Wall Street Zen lowered shares of Vicor from a “buy” rating to a “hold” rating in a research report on Saturday, October 24th. Zacks Research upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 1st. Weiss Ratings upgraded shares of Vicor from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, October 27th. Finally, Roth Capital set a $360.00 target price on shares of Vicor in a report on Wednesday, October 21st.

Vicor Trading Up 8.7%

Shares of NASDAQ VICR opened at $146.88 on Friday. Vicor has a 12 month low of $80.29 and a 12 month high of $382.65. The stock has a 50 day moving average of $220.81 and a 200-day moving average of $226.48. The company has a market capitalization of $6.78 billion, a P/E ratio of 38.45 and a beta of 2.45.

Vicor (NASDAQ:VICR) last posted its earnings results on Tuesday, October 20th. The electronics maker reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.01. Vicor had a return on equity of 22.49% and a net margin of 32.15%. The business had revenue of $197.11 million for the quarter, compared to analyst estimates of $187.03 million. During the same period in the previous year, the firm earned $0.63 EPS. The firm’s revenue was up 78.5% compared to the same quarter last year. Analysts predict that Vicor will post 3.94 EPS for the current fiscal year.

Insider Buying and Selling at Vicor

In other news, CEO Patrizio Vinciarelli sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $316.13, for a total value of $6,322,600.00. Following the transaction, the chief executive officer owned 8,307,390 shares of the company’s stock, valued at approximately $2,626,215,200.70. This represents a 0.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Philip D. Davies sold 3,073 shares of the stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $183.26, for a total value of $563,157.98. Following the transaction, the vice president owned 1,920 shares in the company, valued at approximately $351,859.20. This trade represents a 61.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 27,054 shares of company stock valued at $7,658,830 in the last three months. 28.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Vicor

Institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Vicor during the 2nd quarter worth $934,612,000. Andar Capital Management HK Ltd bought a new stake in shares of Vicor during the second quarter worth $101,100,000. The Manufacturers Life Insurance Company increased its holdings in shares of Vicor by 39.6% during the first quarter. The Manufacturers Life Insurance Company now owns 603,364 shares of the electronics maker’s stock worth $97,142,000 after buying an additional 171,175 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Vicor by 43.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 536,274 shares of the electronics maker’s stock worth $86,340,000 after buying an additional 162,186 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of Vicor in the 2nd quarter valued at $53,161,000. Institutional investors 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.