Vicor Corporation (NASDAQ:VICR – Get Free Report) has been given a consensus rating of “Moderate Buy” by the five analysts that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $381.6667.
Several equities research analysts recently weighed in on the stock. Roth Capital upped their price objective on shares of Vicor from $285.00 to $375.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Needham & Company LLC lowered their target price on shares of Vicor from $400.00 to $320.00 and set a “buy” rating on the stock in a research note on Tuesday, July 21st. Weiss Ratings downgraded shares of Vicor from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, August 20th. Craig Hallum upped their price target on shares of Vicor to $450.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Finally, Zacks Research cut shares of Vicor from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 2nd.
Get Our Latest Stock Analysis on VICR
Vicor Price Performance
Vicor (NASDAQ:VICR – Get Free Report) last released its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $138.37 million. Vicor had a return on equity of 19.83% and a net margin of 30.65%.The company’s revenue for the quarter was up 49.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.91 earnings per share. On average, research analysts expect that Vicor will post 3.12 earnings per share for the current fiscal year.
Insider Transactions at Vicor
In other news, VP Philip D. Davies sold 3,072 shares of Vicor stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $211.69, for a total transaction of $650,311.68. Following the transaction, the vice president directly owned 1,920 shares in the company, valued at approximately $406,444.80. This trade represents a 61.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andrew D’amico sold 331 shares of the business’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of $319.53, for a total value of $105,764.43. Following the completion of the sale, the director directly owned 200 shares in the company, valued at $63,906. This represents a 62.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 257,693 shares of company stock valued at $82,911,376. 28.30% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Vicor during the 2nd quarter valued at about $934,612,000. Convergence Investment Partners LLC acquired a new stake in Vicor during the fourth quarter valued at approximately $1,631,000. Maxi Investments CY Ltd acquired a new stake in Vicor during the second quarter valued at approximately $2,089,000. The Manufacturers Life Insurance Company boosted its holdings in 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. Finally, Strs Ohio boosted its holdings in Vicor by 128.6% during the fourth quarter. Strs Ohio now owns 9,600 shares of the electronics maker’s stock worth $1,052,000 after buying an additional 5,400 shares in the last quarter. Institutional investors own 47.45% of the company’s stock.
About Vicor
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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