Vicor Corporation (NASDAQ:VICR – Get Free Report) has been assigned a consensus rating of “Buy” from the five ratings firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $386.67.
Several equities analysts have issued reports on VICR shares. Roth Capital set a $360.00 price target on shares of Vicor in a research report on Wednesday, October 21st. Needham & Company LLC reaffirmed a “buy” rating and set a $350.00 price target on shares of Vicor in a research note on Tuesday, October 20th. Weiss Ratings upgraded shares of Vicor from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, October 27th. Zacks Research raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 1st. Finally, Wall Street Zen cut shares of Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, October 24th.
Get Our Latest Research Report on Vicor
Vicor Trading Up 8.7%
NASDAQ:VICR opened at $146.88 on Friday. The stock’s 50-day moving average is $220.81 and its 200-day moving average is $226.48. Vicor has a 1-year low of $80.29 and a 1-year high of $382.65. The stock has a market cap of $6.78 billion, a P/E ratio of 38.45 and a beta of 2.45.
Vicor (NASDAQ:VICR – Get Free Report) last issued its quarterly earnings data on Tuesday, October 20th. The electronics maker reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.01. Vicor had a net margin of 32.15% and a return on equity of 22.49%. The business had revenue of $197.11 million during the quarter, compared to analyst estimates of $187.03 million. During the same quarter last year, the business earned $0.63 EPS. The firm’s quarterly revenue was up 78.5% on a year-over-year basis. As a group, equities analysts forecast that Vicor will post 3.94 EPS for the current year.
Insider Buying and Selling at Vicor
In other news, VP Philip D. Davies sold 3,073 shares of the firm’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $183.26, for a total transaction of $563,157.98. Following the completion of the transaction, the vice president directly owned 1,920 shares in the company, valued at $351,859.20. This trade represents a 61.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Zmira Lavie sold 908 shares of Vicor stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $250.00, for a total value of $227,000.00. Following the completion of the transaction, the director directly owned 908 shares in the company, valued at approximately $227,000. This represents a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 27,054 shares of company stock worth $7,658,830. Insiders own 28.30% of the company’s stock.
Institutional Trading of Vicor
A number of institutional investors and hedge funds have recently added to or reduced their stakes in VICR. Diversified Trust Co bought a new stake in Vicor during the 3rd quarter valued at $550,000. Aberdeen Group plc acquired a new position in Vicor during the third quarter worth $31,928,000. Andar Capital Management HK Ltd lifted its stake in shares of Vicor by 6.8% in the third quarter. Andar Capital Management HK Ltd now owns 108,000 shares of the electronics maker’s stock valued at $31,206,000 after buying an additional 6,900 shares in the last quarter. Fifth Third Bancorp lifted its stake in shares of Vicor by 27.0% in the third quarter. Fifth Third Bancorp now owns 6,061 shares of the electronics maker’s stock valued at $1,751,000 after buying an additional 1,289 shares in the last quarter. Finally, Jacobi Capital Management LLC bought a new position in shares of Vicor in the third quarter valued at $80,000. Institutional investors and hedge funds own 47.45% of the company’s stock.
About Vicor
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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