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

Vicor Corporation (NASDAQ:VICR) has been given an average rating of “Buy” by the five brokerages that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $228.3333.

Several equities analysts have recently commented on the stock. Needham & Company LLC increased their price target on shares of Vicor from $260.00 to $350.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Roth Mkm reissued a “buy” rating and issued a $245.00 target price on shares of Vicor in a report on Monday, April 20th. Wall Street Zen lowered shares of Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Zacks Research upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Vicor in a research note on Monday, June 1st.

Insiders Place Their Bets

In other Vicor news, CEO Patrizio Vinciarelli sold 50,000 shares of Vicor stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $193.21, for a total transaction of $9,660,500.00. Following the transaction, the chief executive officer directly owned 8,895,090 shares in the company, valued at approximately $1,718,620,338.90. The trade was a 0.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 542,619 shares of company stock worth $122,250,026. Insiders own 31.30% of the company’s stock.

Institutional Investors Weigh In On Vicor

Institutional investors have recently modified their holdings of the stock. Federated Hermes Inc. acquired a new stake in shares of Vicor during the 4th quarter valued at $27,000. Blue Trust Inc. lifted its stake in shares of Vicor by 1,814.3% in the 1st quarter. Blue Trust Inc. now owns 268 shares of the electronics maker’s stock valued at $43,000 after purchasing an additional 254 shares during the last quarter. ROSS JOHNSON & Associates LLC lifted its stake in shares of Vicor by 13,750.0% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 277 shares of the electronics maker’s stock valued at $45,000 after purchasing an additional 275 shares during the last quarter. Harbour Investments Inc. acquired a new stake in shares of Vicor in the 4th quarter valued at $32,000. Finally, Meeder Asset Management Inc. lifted its stake in shares of Vicor by 189.4% in the 1st quarter. Meeder Asset Management Inc. now owns 301 shares of the electronics maker’s stock valued at $48,000 after purchasing an additional 197 shares during the last quarter. Institutional investors and hedge funds own 47.45% of the company’s stock.

Vicor Stock Down 2.8%

VICR stock opened at $275.51 on Thursday. Vicor has a 52 week low of $41.76 and a 52 week high of $361.89. The company has a market cap of $12.56 billion, a price-to-earnings ratio of 92.14 and a beta of 2.36. The business has a fifty day simple moving average of $253.29 and a 200-day simple moving average of $182.13.

Vicor (NASDAQ:VICR) last announced its quarterly earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.04. The firm had revenue of $112.97 million during the quarter, compared to the consensus estimate of $109.05 million. Vicor had a return on equity of 20.21% and a net margin of 28.98%.The firm’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.06 EPS. As a group, analysts expect that Vicor will post 2.71 earnings per share for the current fiscal year.

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.