Vicor (NASDAQ:VICR) Stock Jumps 6.3% – Should You Buy?

Vicor Corporation (NASDAQ:VICR – Get Free Report)’s stock price rose 6.3% on Monday. The stock traded as high as $204.29 and last traded at $203.5590. Approximately 188,970 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 860,382 shares. The stock had previously closed at $191.50.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on VICR. Needham & Company LLC upped their price target on Vicor from $320.00 to $350.00 and gave the stock a “buy” rating in a research note on Thursday, October 1st. Roth Capital reaffirmed a “buy” rating and issued a $375.00 price target on shares of Vicor in a research report on Tuesday, September 22nd. Weiss Ratings lowered shares of Vicor from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, September 18th. Zacks Research upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 1st. Finally, Craig Hallum raised their price target on shares of Vicor to $450.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $391.67.

Get Our Latest Research Report on Vicor

Vicor Price Performance

The stock’s 50-day moving average is $229.26 and its two-hundred day moving average is $250.04. The company has a market cap of $9.09 billion, a P/E ratio of 63.21 and a beta of 2.37.

Vicor (NASDAQ:VICR – Get Free Report) last posted its earnings results on Tuesday, July 21st. The electronics maker reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.39. Vicor had a net margin of 30.65% and a return on equity of 19.83%. The business had revenue of $143.35 million during the quarter, compared to the consensus estimate of $138.37 million. During the same quarter in the previous year, the firm posted $0.91 EPS. The firm’s revenue was up 49.3% on a year-over-year basis. On average, analysts predict that Vicor Corporation will post 4.07 EPS for the current year.

Insider Activity at Vicor

In other Vicor news, Director Zmira Lavie sold 908 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $250.00, for a total value of $227,000.00. Following the transaction, the director directly owned 908 shares in the company, valued at approximately $227,000. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Philip Davies sold 3,073 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $177.70, for a total value of $546,072.10. Following the transaction, the vice president owned 1,920 shares of the company’s stock, valued at approximately $341,184. This trade represents a 61.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 27,053 shares of company stock worth $7,745,984. 28.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Vicor

Hedge funds have recently added to or reduced their stakes in the company. GoalVest Advisory LLC grew its stake in shares of Vicor by 23.5% during the second quarter. GoalVest Advisory LLC now owns 321 shares of the electronics maker’s stock valued at $122,000 after buying an additional 61 shares during the last quarter. Carolina Wealth Advisors LLC lifted its stake in shares of Vicor by 70.9% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 147 shares of the electronics maker’s stock worth $56,000 after acquiring an additional 61 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Vicor by 1.2% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,692 shares of the electronics maker’s stock worth $916,000 after acquiring an additional 68 shares during the last quarter. First PREMIER Bank boosted its stake in shares of Vicor by 20.0% during the second quarter. First PREMIER Bank now owns 600 shares of the electronics maker’s stock valued at $228,000 after purchasing an additional 100 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in Vicor by 28.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 465 shares of the electronics maker’s stock worth $75,000 after buying an additional 103 shares during the period. 47.45% of the stock is currently owned by institutional investors.

Vicor Company Profile

(Get Free Report)

Vicor Corporation (NASDAQ: VICR) designs, develops, manufactures and markets modular power components and systems. The company’s products convert, regulate and distribute electrical power for electronic equipment, with an emphasis on high-performance, compact and efficient power solutions.

Its portfolio includes AC-to-DC and DC-to-DC converters, regulators, power modules, power distribution components and complete power systems. Vicor’s technologies include its Factorized Power Architecture and high-density ChiP packaging, which are designed to help engineers manage power more efficiently while reducing the size and complexity of electronic systems.

Vicor serves customers in industries such as data centers and computing, telecommunications, automotive, aerospace and defense, industrial equipment, and consumer electronics.

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