Vicor (NASDAQ:VICR) Stock Rating Upgraded by Roth Capital

Vicor (NASDAQ:VICR) was upgraded by analysts at Roth Capital to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.

Other equities analysts have also issued research reports about the stock. Needham & Company LLC set a $90.00 target price on shares of Vicor and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Wall Street Zen lowered Vicor from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Vicor in a research report on Wednesday, October 8th. Finally, Craig Hallum raised Vicor from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a research note on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $98.33.

Vicor Trading Up 4.0%

NASDAQ:VICR opened at $97.19 on Tuesday. The stock has a 50-day moving average price of $85.11 and a 200 day moving average price of $60.93. The stock has a market capitalization of $4.34 billion, a P/E ratio of 53.11 and a beta of 1.94. Vicor has a 12-month low of $38.92 and a 12-month high of $102.19.

Vicor (NASDAQ:VICR) last posted its quarterly earnings results on Tuesday, October 21st. The electronics maker reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.43. Vicor had a return on equity of 13.77% and a net margin of 18.63%.The business had revenue of $110.42 million during the quarter, compared to the consensus estimate of $95.40 million. During the same period in the prior year, the company posted $0.26 EPS. The firm’s revenue for the quarter was up 18.5% compared to the same quarter last year.

Insider Activity

In other news, insider Michael Mcnamara sold 4,237 shares of Vicor stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $101.23, for a total value of $428,911.51. Following the completion of the transaction, the insider owned 18,138 shares in the company, valued at approximately $1,836,109.74. The trade was a 18.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Robert Gendron sold 5,374 shares of the stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $94.00, for a total value of $505,156.00. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 172,791 shares of company stock worth $15,776,939. 31.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Vicor by 0.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 213,133 shares of the electronics maker’s stock worth $9,970,000 after acquiring an additional 761 shares during the last quarter. Invesco Ltd. raised its position in Vicor by 7.7% in the 1st quarter. Invesco Ltd. now owns 64,649 shares of the electronics maker’s stock worth $3,024,000 after purchasing an additional 4,621 shares during the period. Nuveen LLC bought a new stake in Vicor in the first quarter worth about $8,024,000. Algert Global LLC purchased a new position in shares of Vicor during the first quarter valued at approximately $661,000. Finally, Circle Wealth Management LLC grew its stake in shares of Vicor by 15.0% during the first quarter. Circle Wealth Management LLC now owns 15,699 shares of the electronics maker’s stock valued at $734,000 after buying an additional 2,049 shares during the last quarter. Institutional investors own 47.45% of the company’s stock.

About Vicor

Vicor Corporation, together with its subsidiaries, designs, develops, manufactures, and markets modular power components and power systems for converting electrical power in the United States, Europe, the Asia Pacific, and internationally. The company offers a range of brick-format DC-DC converters; complementary components provide AC line rectification, input filtering, power factor correction, and transient protection; and input and output voltage, and output power products, as well as electrical and mechanical accessories.