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

by · The Cerbat Gem

Vicor Corporation (NASDAQ:VICR – Get Free Report) has been given a consensus rating of “Buy” by the five ratings firms that are covering the stock, MarketBeat Ratings reports. One research 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 1-year target price among brokerages that have updated their coverage on the stock in the last year is $198.3333.

VICR has been the subject of a number of recent research reports. Needham & Company LLC lifted their price objective on shares of Vicor from $180.00 to $260.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Wall Street Zen cut shares of Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Zacks Research raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Finally, Roth Mkm reissued a “buy” rating and issued a $245.00 price objective on shares of Vicor in a research note on Monday, April 20th.

Check Out Our Latest Report on VICR

Vicor Stock Up 1.5%

Shares of NASDAQ:VICR opened at $268.29 on Friday. Vicor has a 52 week low of $40.54 and a 52 week high of $316.82. The stock has a market capitalization of $12.23 billion, a P/E ratio of 89.73 and a beta of 2.33. The firm has a fifty day simple moving average of $216.19 and a two-hundred day simple moving average of $160.68.

Vicor (NASDAQ:VICR – Get Free Report) last issued its quarterly earnings data on Tuesday, April 21st. The electronics maker reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The business had revenue of $112.97 million during the quarter, compared to analysts’ expectations of $109.05 million. During the same period last year, the company posted $0.06 EPS. The business’s revenue was up 20.2% on a year-over-year basis. On average, analysts expect that Vicor will post 2.71 earnings per share for the current year.

Insider Activity at Vicor

In other news, CEO Patrizio Vinciarelli sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $201.54, for a total value of $10,077,000.00. Following the completion of the sale, the chief executive officer owned 9,608,163 shares in the company, valued at approximately $1,936,429,171.02. This trade represents a 0.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders have sold 748,666 shares of company stock valued at $145,530,238. Company insiders own 31.30% of the company’s stock.

Institutional Investors Weigh In On Vicor

Institutional investors have recently made changes to their positions in the company. Federated Hermes Inc. bought a new stake in shares of Vicor in the 4th quarter worth about $27,000. Nisa Investment Advisors LLC lifted its holdings in shares of Vicor by 53.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker’s stock worth $30,000 after acquiring an additional 210 shares during the last quarter. Harbour Investments Inc. bought a new stake in shares of Vicor in the 4th quarter worth about $32,000. Allworth Financial LP lifted its holdings in shares of Vicor by 960.0% in the 4th quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock worth $35,000 after acquiring an additional 288 shares during the last quarter. Finally, NBC Securities Inc. bought a new stake in shares of Vicor in the 4th quarter worth about $36,000. 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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