Vicor Corporation (NASDAQ:VICR) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Vicor Corporation (NASDAQ:VICR) has earned a consensus rating of “Moderate Buy” from the five ratings firms that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $98.3333.

A number of equities research analysts recently commented on VICR shares. Craig Hallum upgraded Vicor from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a report on Wednesday, October 22nd. Roth Capital began coverage on Vicor in a research report on Tuesday, December 16th. They issued a “buy” rating and a $115.00 price objective for the company. Needham & Company LLC set a $90.00 target price on Vicor and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vicor in a research note on Wednesday, October 8th. Finally, Wall Street Zen cut shares of Vicor from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 23rd.

Vicor Stock Performance

NASDAQ VICR opened at $111.02 on Thursday. The stock has a fifty day moving average of $88.32 and a 200-day moving average of $62.33. The stock has a market capitalization of $4.96 billion, a P/E ratio of 60.67 and a beta of 1.94. Vicor has a 52 week low of $38.92 and a 52 week high of $112.31.

Vicor (NASDAQ:VICR) last issued its earnings results on Tuesday, October 21st. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.43. The company had revenue of $110.42 million for the quarter, compared to analyst estimates of $95.40 million. Vicor had a net margin of 18.63% and a return on equity of 13.77%. The company’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.26 EPS.

Insider Activity at Vicor

In related news, Director Andrew D’amico sold 14,677 shares of the company’s stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $82.53, for a total transaction of $1,211,292.81. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Patrizio Vinciarelli sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $103.02, for a total value of $2,060,400.00. Following the completion of the sale, the chief executive officer directly owned 9,808,363 shares of the company’s stock, valued at approximately $1,010,457,556.26. The trade was a 0.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 193,545 shares of company stock worth $17,915,755. 31.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Vicor

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

Vicor Company Profile

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.