Vicor (NASDAQ:VICR) Sets New 12-Month High – Should You Buy?

Vicor Corporation (NASDAQ:VICR) hit a new 52-week high on Friday . The stock traded as high as $103.30 and last traded at $103.0860, with a volume of 202288 shares traded. The stock had previously closed at $98.29.

Analysts Set New Price Targets

VICR has been the topic of several recent analyst reports. Needham & Company LLC set a $90.00 price target on shares of Vicor and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Zacks Research raised shares of Vicor to a “hold” rating in a research report on Tuesday, December 16th. Wall Street Zen lowered shares of Vicor from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Vicor in a research note on Wednesday, October 8th. Finally, Roth Capital assumed coverage on Vicor in a research report on Tuesday. They set a “buy” rating and a $115.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $98.33.

Vicor Stock Up 6.2%

The firm has a market capitalization of $4.66 billion, a PE ratio of 57.05 and a beta of 1.94. The business’s fifty day moving average price is $87.14 and its 200 day moving average price is $61.74.

Vicor (NASDAQ:VICR) last posted its quarterly earnings data on Tuesday, October 21st. The electronics maker reported $0.63 EPS for the quarter, beating the consensus estimate of $0.20 by $0.43. Vicor had a return on equity of 13.77% and a net margin of 18.63%.The firm had revenue of $110.42 million during the quarter, compared to the consensus estimate of $95.40 million. During the same period in the prior year, the business earned $0.26 EPS. The firm’s revenue was up 18.5% compared to the same quarter last year.

Insider Buying and Selling

In other Vicor news, insider Michael Mcnamara sold 4,237 shares of the stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $101.23, for a total value of $428,911.51. Following the completion of the transaction, the insider directly owned 18,138 shares of the company’s stock, valued at approximately $1,836,109.74. This trade represents a 18.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Alex Gusinov sold 3,844 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $97.31, for a total value of $374,059.64. Following the sale, the vice president directly owned 10,340 shares in the company, valued at $1,006,185.40. This trade represents a 27.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 172,791 shares of company stock worth $15,776,939 in the last three months. Company insiders own 31.30% of the company’s stock.

Hedge Funds Weigh In On Vicor

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Nisa Investment Advisors LLC grew its holdings in Vicor by 53.4% in the third quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker’s stock valued at $30,000 after purchasing an additional 210 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Vicor by 13.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,129 shares of the electronics maker’s stock worth $56,000 after buying an additional 136 shares in the last quarter. Strs Ohio acquired a new stake in Vicor in the 1st quarter valued at about $56,000. iSAM Funds UK Ltd purchased a new position in Vicor during the 3rd quarter valued at about $79,000. Finally, Tower Research Capital LLC TRC raised its position in Vicor by 993.1% during the second quarter. Tower Research Capital LLC TRC now owns 3,782 shares of the electronics maker’s stock worth $172,000 after acquiring an additional 3,436 shares during the last quarter. 47.45% of the stock is owned by institutional investors and hedge funds.

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.