Vicor (NASDAQ:VICR) Trading 8.1% Higher – Here’s Why

Vicor Corporation (NASDAQ:VICRGet Free Report) shares traded up 8.1% during trading on Friday . The stock traded as high as $189.43 and last traded at $192.5190. 113,359 shares were traded during mid-day trading, a decline of 86% from the average session volume of 832,077 shares. The stock had previously closed at $178.05.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Needham & Company LLC reduced their price target on Vicor from $400.00 to $320.00 and set a “buy” rating for the company in a research report on Tuesday, July 21st. Craig Hallum lifted their price objective on shares of Vicor to $450.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Zacks Research downgraded shares of Vicor from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 2nd. Roth Capital increased their target price on shares of Vicor from $285.00 to $375.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Finally, Weiss Ratings raised shares of Vicor from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, September 3rd. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $381.67.

View Our Latest Research Report on Vicor

Vicor Price Performance

The stock has a market cap of $9.10 billion, a P/E ratio of 63.23 and a beta of 2.35. The company has a fifty day moving average of $218.82 and a 200 day moving average of $236.70.

Vicor (NASDAQ:VICRGet Free Report) last issued its quarterly earnings results on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.39. Vicor had a return on equity of 19.83% and a net margin of 30.65%.The firm had revenue of $143.35 million during the quarter, compared to analyst estimates of $138.37 million. During the same period last year, the company posted $0.91 EPS. The firm’s quarterly revenue was up 49.3% on a year-over-year basis. As a group, analysts anticipate that Vicor Corporation will post 3.28 EPS for the current year.

Insider Activity

In related news, Director Zmira Lavie sold 908 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $250.00, for a total transaction of $227,000.00. Following the completion of the transaction, the director owned 908 shares of the company’s stock, valued at $227,000. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Patrizio Vinciarelli sold 700 shares of Vicor stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $302.40, for a total value of $211,680.00. Following the transaction, the chief executive officer directly owned 8,347,390 shares in the company, valued at approximately $2,524,250,736. The trade was a 0.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 177,536 shares of company stock worth $59,194,338 over the last 90 days. 28.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Vicor

Large investors have recently made changes to their positions in the business. Andar Capital Management HK Ltd acquired a new position in shares of Vicor in the 2nd quarter worth approximately $101,100,000. California State Teachers Retirement System boosted its holdings in Vicor by 38,392.1% during the second quarter. California State Teachers Retirement System now owns 10,377,868 shares of the electronics maker’s stock worth $3,941,307,000 after buying an additional 10,350,907 shares in the last quarter. BlackRock Inc. acquired a new position in Vicor in the second quarter worth approximately $934,612,000. The Manufacturers Life Insurance Company grew its position in Vicor by 39.6% in 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 during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Vicor by 4.6% in the third quarter. Dimensional Fund Advisors LP now owns 578,515 shares of the electronics maker’s stock valued at $28,759,000 after buying an additional 25,393 shares in the last quarter. Institutional investors own 47.45% of the company’s stock.

Vicor Company Profile

(Get Free Report)

Vicor Corporation (NASDAQ: VICR) designs, manufactures and markets modular power components and power systems. The company’s products are used to convert, regulate and distribute electrical power in electronic systems, with an emphasis on high-density, efficient and scalable power-conversion technology.

Its portfolio includes AC-to-DC and DC-to-DC power modules, bus converters, point-of-load regulators, power accessories and complete power systems. Vicor’s Factorized Power Architecture separates power conversion, transformation and regulation functions to help customers address power-density, thermal-management and system-design requirements.

Vicor serves customers in markets including data centers and communications infrastructure, automotive and transportation, aerospace and defense, industrial equipment, and other high-performance electronics applications.

Further Reading

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