Vicor Corporation (NASDAQ:VICR) Given Average Rating of “Moderate Buy” by Analysts

Shares of Vicor Corporation (NASDAQ:VICRGet Free Report) have earned a consensus rating of “Moderate Buy” from the five research firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $381.6667.

Several brokerages recently commented on VICR. Weiss Ratings downgraded shares of Vicor from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, July 23rd. Craig Hallum lifted their price objective on shares of Vicor to $450.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Zacks Research cut shares of Vicor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 2nd. Wall Street Zen downgraded shares of Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Finally, Roth Capital increased their target price on Vicor from $285.00 to $375.00 and gave the company a “buy” rating in a report on Monday, June 22nd.

Read Our Latest Research Report on VICR

Insider Buying and Selling at Vicor

In related news, CEO Patrizio Vinciarelli sold 20,000 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $342.10, for a total transaction of $6,842,000.00. Following the transaction, the chief executive officer directly owned 8,828,090 shares of the company’s stock, valued at approximately $3,020,089,589. The trade was a 0.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 364,533 shares of company stock worth $116,351,096 in the last quarter. Insiders own 28.30% of the company’s stock.

Institutional Investors Weigh In On Vicor

A number of institutional investors have recently bought and sold shares of the business. Carolina Wealth Advisors LLC grew its stake in Vicor by 70.9% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 147 shares of the electronics maker’s stock valued at $56,000 after acquiring an additional 61 shares in the last quarter. Elevation Wealth Partners LLC purchased a new stake in shares of Vicor in the second quarter worth approximately $76,000. Federated Hermes Inc. purchased a new stake in shares of Vicor in the fourth quarter worth approximately $27,000. Blue Trust Inc. boosted its holdings in shares of Vicor by 1,814.3% during the first quarter. Blue Trust Inc. now owns 268 shares of the electronics maker’s stock worth $43,000 after purchasing an additional 254 shares during the period. Finally, ROSS JOHNSON & Associates LLC boosted its holdings in shares of Vicor by 13,750.0% during the first quarter. ROSS JOHNSON & Associates LLC now owns 277 shares of the electronics maker’s stock worth $45,000 after purchasing an additional 275 shares during the period. 47.45% of the stock is currently owned by institutional investors and hedge funds.

Vicor Trading Up 13.1%

NASDAQ VICR opened at $206.67 on Friday. Vicor has a 1 year low of $41.76 and a 1 year high of $382.65. The company has a market cap of $9.42 billion, a PE ratio of 66.24 and a beta of 2.33. The stock’s 50-day moving average price is $287.33 and its two-hundred day moving average price is $226.44.

Vicor (NASDAQ:VICRGet Free Report) last announced its earnings results on Tuesday, July 21st. The electronics maker reported $1.04 EPS for the quarter, topping the consensus estimate of $0.65 by $0.39. The company had revenue of $143.35 million during the quarter, compared to analysts’ expectations of $138.37 million. Vicor had a net margin of 30.65% and a return on equity of 19.83%. The business’s revenue for the quarter was up 49.3% on a year-over-year basis. During the same period last year, the company posted $0.91 earnings per share. Research analysts forecast that Vicor will post 3.12 EPS for the current fiscal year.

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.

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Analyst Recommendations for Vicor (NASDAQ:VICR)

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