Vicor (NASDAQ:VICR) Reaches New 12-Month High – Here’s Why

by · The Cerbat Gem

Vicor Corporation (NASDAQ:VICRGet Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $113.43 and last traded at $112.7550, with a volume of 24899 shares. The stock had previously closed at $112.00.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on VICR. Wall Street Zen downgraded Vicor from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Vicor in a research note on Wednesday, October 8th. Roth Capital assumed coverage on Vicor in a research note on Tuesday, December 16th. They set a “buy” rating and a $115.00 price objective on the stock. Needham & Company LLC set a $90.00 price objective on shares of Vicor and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Finally, Zacks Research upgraded Vicor to a “hold” rating in a research report on Tuesday, December 16th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $98.33.

Check Out Our Latest Analysis on Vicor

Vicor Stock Performance

The company’s 50 day moving average is $93.54 and its 200 day moving average is $64.59. The stock has a market capitalization of $5.04 billion, a price-to-earnings ratio of 61.72 and a beta of 1.94.

Vicor (NASDAQ:VICRGet Free Report) last issued its quarterly earnings data 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 firm had revenue of $110.42 million during the quarter, compared to the consensus estimate of $95.40 million. Vicor had a return on equity of 13.77% and a net margin of 18.63%.The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS.

Insider Transactions at Vicor

In other news, Director Andrew D’amico sold 754 shares of the company’s stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $104.00, for a total transaction of $78,416.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Patrizio Vinciarelli sold 20,000 shares of the firm’s stock in a transaction dated Friday, December 26th. The shares were sold at an average price of $110.12, for a total value of $2,202,400.00. Following the completion of the transaction, the chief executive officer owned 9,735,963 shares of the company’s stock, valued at $1,072,124,245.56. The trade was a 0.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 250,945 shares of company stock worth $24,123,743. 31.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Vicor

Several large investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC boosted its holdings in Vicor by 53.4% in the third 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. lifted its holdings in Vicor by 13.7% during the third quarter. PNC Financial Services Group Inc. now owns 1,129 shares of the electronics maker’s stock valued at $56,000 after purchasing an additional 136 shares in the last quarter. Strs Ohio bought a new stake in Vicor during the 1st quarter valued at approximately $56,000. iSAM Funds UK Ltd bought a new position in Vicor in the 3rd quarter worth approximately $79,000. Finally, Tower Research Capital LLC TRC increased its holdings in Vicor by 993.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,782 shares of the electronics maker’s stock valued at $172,000 after acquiring an additional 3,436 shares during the last quarter. Institutional investors own 47.45% of the company’s stock.

Vicor Company Profile

(Get Free Report)

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.

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