Vicor Corporation (NASDAQ:VICR) Given Consensus Rating of “Buy” by Analysts

Vicor Corporation (NASDAQ:VICR) has received an average rating of “Buy” from the five research firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $118.3333.

Several equities analysts have weighed in on VICR shares. Zacks Research upgraded Vicor from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Vicor in a research note on Wednesday, January 21st. Finally, Roth Mkm reissued a “buy” rating and set a $175.00 price objective on shares of Vicor in a report on Thursday, January 22nd.

Insider Buying and Selling

In other Vicor news, CFO James F. Schmidt sold 15,500 shares of the stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $177.19, for a total transaction of $2,746,445.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Michael Mcnamara sold 7,174 shares of Vicor stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $190.07, for a total transaction of $1,363,562.18. Following the completion of the transaction, the insider directly owned 18,138 shares in the company, valued at approximately $3,447,489.66. This represents a 28.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 559,542 shares of company stock worth $99,520,379 over the last ninety days. Company insiders own 31.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of VICR. Corient Private Wealth LLC lifted its position in Vicor by 3.9% during the 4th quarter. Corient Private Wealth LLC now owns 4,861 shares of the electronics maker’s stock worth $533,000 after acquiring an additional 184 shares during the last quarter. Bayban acquired a new stake in shares of Vicor in the fourth quarter valued at about $778,000. Pacer Advisors Inc. grew its position in shares of Vicor by 240.4% in the fourth quarter. Pacer Advisors Inc. now owns 5,681 shares of the electronics maker’s stock valued at $623,000 after purchasing an additional 4,012 shares during the last quarter. Invesco Ltd. increased its stake in shares of Vicor by 125.8% in the fourth quarter. Invesco Ltd. now owns 148,659 shares of the electronics maker’s stock worth $16,293,000 after purchasing an additional 82,831 shares during the period. Finally, State of Tennessee Department of Treasury increased its stake in shares of Vicor by 10.5% in the fourth quarter. State of Tennessee Department of Treasury now owns 14,615 shares of the electronics maker’s stock worth $1,602,000 after purchasing an additional 1,388 shares during the period. Institutional investors own 47.45% of the company’s stock.

Vicor Stock Down 3.1%

Shares of VICR opened at $153.02 on Friday. The company’s fifty day moving average is $171.16 and its 200-day moving average is $115.67. Vicor has a 12 month low of $38.92 and a 12 month high of $209.53. The firm has a market cap of $6.94 billion, a price-to-earnings ratio of 58.63 and a beta of 1.84.

Vicor (NASDAQ:VICR) last released its quarterly earnings data on Thursday, February 19th. The electronics maker reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.63. The business had revenue of $362.70 million during the quarter, compared to analyst estimates of $107.78 million. Vicor had a net margin of 26.19% and a return on equity of 18.73%. Vicor’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.23 EPS.

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.