Vicor Corporation (NASDAQ:VICR) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Vicor Corporation (NASDAQ:VICR) have earned a consensus recommendation of “Moderate Buy” from the five analysts that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $381.6667.

VICR has been the topic of several research analyst reports. Weiss Ratings cut Vicor from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday. Needham & Company LLC lowered their target price on shares of Vicor from $400.00 to $320.00 and set a “buy” rating for the company in a research note on Tuesday, July 21st. Roth Capital increased their target price on shares of Vicor from $285.00 to $375.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Craig Hallum raised their price target on shares of Vicor to $450.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Finally, Zacks Research downgraded shares of Vicor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 2nd.

Vicor Price Performance

Vicor stock opened at $189.99 on Tuesday. Vicor has a 12-month low of $47.56 and a 12-month high of $382.65. The company has a market capitalization of $8.76 billion, a price-to-earnings ratio of 60.89 and a beta of 2.37. The firm’s fifty day moving average price is $257.44 and its 200 day moving average price is $233.95.

Vicor (NASDAQ:VICR) last posted its quarterly earnings data on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.39. The company had revenue of $143.35 million for the quarter, compared to the consensus estimate of $138.37 million. Vicor had a return on equity of 19.83% and a net margin of 30.65%.Vicor’s revenue for the quarter was up 49.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.91 EPS. Analysts forecast that Vicor will post 3.12 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Vicor news, CEO Patrizio Vinciarelli sold 20,000 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $304.87, for a total value of $6,097,400.00. Following the sale, the chief executive officer directly owned 8,608,090 shares of the company’s stock, valued at $2,624,348,398.30. This trade represents a 0.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 306,088 shares of company stock worth $99,007,022. 28.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Vicor

Several institutional investors have recently modified their holdings of VICR. Royal Bank of Canada lifted its position in Vicor by 6.0% in the 1st quarter. Royal Bank of Canada now owns 15,167 shares of the electronics maker’s stock valued at $709,000 after purchasing an additional 857 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Vicor by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,537 shares of the electronics maker’s stock worth $633,000 after purchasing an additional 563 shares during the last quarter. Millennium Management LLC grew its position in Vicor by 4,634.5% in the 1st quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock worth $12,379,000 after purchasing an additional 259,022 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Vicor by 38.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 41,541 shares of the electronics maker’s stock valued at $1,943,000 after purchasing an additional 11,525 shares during the period. Finally, Acadian Asset Management LLC increased its stake in shares of Vicor by 56.1% in the first quarter. Acadian Asset Management LLC now owns 8,860 shares of the electronics maker’s stock valued at $413,000 after purchasing an additional 3,184 shares during the period. Institutional investors own 47.45% of the company’s stock.

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.