Vicor (NASDAQ:VICR) Hits New 1-Year High – Time to Buy?

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

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Roth Capital assumed coverage on shares of Vicor in a research report on Tuesday, December 16th. They set a “buy” rating and a $115.00 price target on the stock. Wall Street Zen downgraded shares of Vicor from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 23rd. Needham & Company LLC set a $90.00 price target on Vicor and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Weiss Ratings restated 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 target price on the stock in a report on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Vicor has a consensus rating of “Moderate Buy” and an average price target of $98.33.

Vicor Price Performance

The company has a 50-day simple moving average of $93.54 and a two-hundred day simple moving average of $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:VICR) last posted its quarterly earnings data on Tuesday, October 21st. The electronics maker reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.43. The company had revenue of $110.42 million during the quarter, compared to analyst estimates of $95.40 million. Vicor had a net margin of 18.63% and a return on equity of 13.77%. The business’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.26 earnings per share.

Insider Transactions at Vicor

In other news, CFO James F. Schmidt sold 5,000 shares of the stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $110.00, for a total transaction of $550,000.00. Following the sale, the chief financial officer directly owned 875 shares of the company’s stock, valued at $96,250. This represents a 85.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Alex Gusinov sold 3,844 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $97.31, for a total transaction of $374,059.64. Following the completion of the sale, the vice president directly owned 10,340 shares of the company’s stock, valued at $1,006,185.40. The trade was a 27.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 250,945 shares of company stock worth $24,123,743. 31.30% of the stock is currently owned by insiders.

Institutional Trading of Vicor

Institutional investors have recently modified their holdings of the company. Millennium Management LLC raised its stake in Vicor by 4,634.5% in the first quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock valued at $12,379,000 after buying an additional 259,022 shares during the period. Arrowstreet Capital Limited Partnership increased its position in Vicor by 1,921.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 267,882 shares of the electronics maker’s stock worth $13,319,000 after acquiring an additional 254,630 shares during the period. CIBC Bancorp USA Inc. bought a new stake in shares of Vicor in the third quarter valued at approximately $12,625,000. UBS Group AG grew its holdings in shares of Vicor by 643.6% during the 3rd quarter. UBS Group AG now owns 104,076 shares of the electronics maker’s stock worth $5,175,000 after purchasing an additional 90,079 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its holdings in Vicor by 172.2% in the 3rd quarter. Qube Research & Technologies Ltd now owns 98,366 shares of the electronics maker’s stock valued at $4,891,000 after buying an additional 62,233 shares during the period. 47.45% of the stock is currently owned by institutional investors.

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.