Vicor (NASDAQ:VICR) Reaches New 1-Year High – Should You Buy?

Vicor Corporation (NASDAQ:VICR) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $370.00 and last traded at $366.79, with a volume of 1023312 shares traded. The stock had previously closed at $326.93.

Analyst Upgrades and Downgrades

A number of brokerages have commented on VICR. Wall Street Zen cut Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Needham & Company LLC raised their target price on shares of Vicor to $400.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Craig Hallum raised their target price on shares of Vicor to $450.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Vicor in a research note on Monday, June 1st. Finally, Roth Mkm upped their price target on shares of Vicor from $285.00 to $375.00 and gave the company a “buy” rating in a report on Monday, June 22nd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $408.33.

Vicor Stock Performance

The stock’s 50-day simple moving average is $293.52 and its 200-day simple moving average is $203.89. The firm has a market capitalization of $16.72 billion, a PE ratio of 122.67 and a beta of 2.36.

Vicor (NASDAQ:VICR) last posted its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 EPS for the quarter, topping the consensus estimate of $0.40 by $0.04. The firm had revenue of $112.97 million during the quarter, compared to analysts’ expectations of $109.05 million. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The company’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same period last year, the company posted $0.06 EPS. As a group, analysts predict that Vicor Corporation will post 2.94 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Vicor news, Director Andrew D’amico sold 331 shares of Vicor stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $319.53, for a total transaction of $105,764.43. Following the sale, the director directly owned 200 shares of the company’s stock, valued at approximately $63,906. The trade was a 62.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Patrizio Vinciarelli sold 20,000 shares of Vicor stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $323.05, for a total value of $6,461,000.00. Following the sale, the chief executive officer directly owned 8,428,090 shares in the company, valued at approximately $2,722,694,474.50. The trade was a 0.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 463,630 shares of company stock worth $127,604,096 over the last three months. Company insiders own 28.30% of the company’s stock.

Institutional Investors Weigh In On Vicor

Several hedge funds have recently made changes to their positions in the company. Federated Hermes Inc. purchased a new stake in Vicor in the fourth quarter worth $27,000. Blue Trust Inc. boosted its holdings in shares of Vicor by 1,814.3% during the 1st quarter. Blue Trust Inc. now owns 268 shares of the electronics maker’s stock valued at $43,000 after buying an additional 254 shares in the last quarter. ROSS JOHNSON & Associates LLC boosted its holdings in shares of Vicor by 13,750.0% during the 1st quarter. ROSS JOHNSON & Associates LLC now owns 277 shares of the electronics maker’s stock valued at $45,000 after buying an additional 275 shares in the last quarter. Harbour Investments Inc. purchased a new stake in shares of Vicor in the 4th quarter worth about $32,000. Finally, Meeder Asset Management Inc. increased 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 worth $48,000 after acquiring an additional 197 shares in the last quarter. 47.45% of the stock is currently 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.