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

Vicor Corporation (NASDAQ:VICR) has earned a consensus rating of “Buy” from the five ratings firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $408.3333.

Several research analysts have recently weighed in on the stock. Roth Mkm boosted their price objective on shares of Vicor from $285.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Vicor in a research note on Monday, June 1st. Wall Street Zen cut Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Craig Hallum boosted their price target on Vicor to $450.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Finally, Needham & Company LLC upped their price objective on Vicor to $400.00 and gave the company a “buy” rating in a research note on Monday, June 22nd.

Vicor Price Performance

Shares of NASDAQ VICR opened at $282.95 on Monday. The stock has a market capitalization of $12.90 billion, a price-to-earnings ratio of 94.63 and a beta of 2.33. Vicor has a fifty-two week low of $41.76 and a fifty-two week high of $382.65. The business has a 50-day moving average of $300.36 and a 200-day moving average of $210.23.

Vicor (NASDAQ:VICR) last released its quarterly earnings data on Tuesday, April 21st. The electronics maker reported $0.44 EPS for the quarter, beating the consensus estimate of $0.40 by $0.04. Vicor had a return on equity of 20.21% and a net margin of 28.98%.The company had revenue of $112.97 million during the quarter, compared to the consensus estimate of $109.05 million. During the same quarter in the prior year, the firm posted $0.06 EPS. The firm’s revenue for the quarter was up 20.2% compared to the same quarter last year. On average, sell-side analysts expect that Vicor will post 2.94 EPS for the current year.

Insider Buying and Selling at Vicor

In related news, CEO Patrizio Vinciarelli sold 50,000 shares of the stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $193.21, for a total value of $9,660,500.00. Following the sale, the chief executive officer owned 8,895,090 shares in the company, valued at approximately $1,718,620,338.90. This represents a 0.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 503,630 shares of company stock worth $142,197,891. 28.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Vicor

Several institutional investors and hedge funds have recently modified their holdings of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Vicor by 1.2% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,692 shares of the electronics maker’s stock worth $916,000 after buying an additional 68 shares during the last quarter. ProShare Advisors LLC boosted its holdings in shares of Vicor by 1.7% during the 4th quarter. ProShare Advisors LLC now owns 4,469 shares of the electronics maker’s stock worth $490,000 after buying an additional 74 shares during the period. Bouvel Investment Partners LLC grew its stake in Vicor by 0.4% in the 4th quarter. Bouvel Investment Partners LLC now owns 24,183 shares of the electronics maker’s stock valued at $2,650,000 after buying an additional 85 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in Vicor by 1.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,238 shares of the electronics maker’s stock valued at $574,000 after buying an additional 90 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in Vicor by 28.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 465 shares of the electronics maker’s stock valued at $75,000 after acquiring an additional 103 shares during the period. 47.45% of the stock is currently owned by institutional investors and hedge funds.

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.