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

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

Wall Street Analyst Weigh In

Several research firms recently commented on VICR. Roth Mkm increased their price target on Vicor from $285.00 to $375.00 and gave the company a “buy” rating in a report on Monday, June 22nd. Needham & Company LLC upped their target price on Vicor to $400.00 and gave the company a “buy” rating in a report on Monday, June 22nd. Craig Hallum raised their target price on Vicor to $450.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Vicor in a research note on Monday, June 1st. Finally, Wall Street Zen cut shares of Vicor from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $408.33.

Read Our Latest Stock Report on VICR

Vicor Stock Performance

The stock has a market cap of $16.81 billion, a PE ratio of 123.41 and a beta of 2.36. The company’s 50-day moving average price is $290.25 and its 200 day moving average price is $202.01.

Vicor (NASDAQ:VICRGet Free Report) last issued its quarterly earnings data on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.04. The company had revenue of $112.97 million during the quarter, compared to analyst estimates of $109.05 million. Vicor had a return on equity of 20.21% and a net margin of 28.98%.The firm’s revenue for the quarter was up 20.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.06 earnings per share. As a group, equities research analysts predict that Vicor Corporation will post 2.94 earnings per share for the current fiscal year.

Insider Buying and Selling at Vicor

In related news, CEO Patrizio Vinciarelli sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $193.21, for a total transaction of $9,660,500.00. Following the completion of the sale, the chief executive officer directly owned 8,895,090 shares of the company’s stock, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 462,630 shares of company stock worth $127,272,416. Corporate insiders own 28.30% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Vicor by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 2,534,534 shares of the electronics maker’s stock worth $277,785,000 after buying an additional 60,963 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Vicor by 39.6% in the 1st quarter. The Manufacturers Life Insurance Company now owns 603,364 shares of the electronics maker’s stock valued at $97,142,000 after acquiring an additional 171,175 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Vicor by 4.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 578,515 shares of the electronics maker’s stock worth $28,759,000 after acquiring an additional 25,393 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Vicor by 43.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 536,274 shares of the electronics maker’s stock worth $86,340,000 after acquiring an additional 162,186 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Vicor by 1,542.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 439,820 shares of the electronics maker’s stock worth $48,205,000 after purchasing an additional 413,038 shares during the period. Institutional investors and hedge funds own 47.45% of the company’s stock.

About Vicor

(Get Free Report)

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.

Further Reading

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