Vicor (NASDAQ:VICR) Hits New 12-Month High – Should You Buy?

Vicor Corporation (NASDAQ:VICR) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $149.99 and last traded at $143.7280, with a volume of 968587 shares trading hands. The stock had previously closed at $116.86.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on VICR shares. Wall Street Zen cut Vicor from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 23rd. Needham & Company LLC set a $90.00 price objective on shares of Vicor and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Vicor in a report on Wednesday, October 8th. Zacks Research raised shares of Vicor to a “hold” rating in a research report on Tuesday, December 16th. Finally, Roth Capital initiated coverage on shares of Vicor in a report on Tuesday, December 16th. They issued a “buy” rating and a $115.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Vicor has a consensus rating of “Moderate Buy” and a consensus price target of $98.33.

Vicor Price Performance

The firm has a market capitalization of $6.27 billion, a P/E ratio of 76.81 and a beta of 1.90. The stock’s fifty day simple moving average is $95.83 and its 200 day simple moving average is $66.50.

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

Insider Buying and Selling at Vicor

In other Vicor news, VP Philip D. Davies sold 15,763 shares of the stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $92.07, for a total value of $1,451,299.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Andrew D’amico sold 14,677 shares of the business’s stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $82.53, for a total value of $1,211,292.81. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 278,745 shares of company stock valued at $27,256,654. Corporate insiders own 31.30% of the company’s stock.

Institutional Trading of Vicor

Several institutional investors and hedge funds have recently bought and sold shares of VICR. Edgestream Partners L.P. purchased a new stake in Vicor in the second quarter valued at $1,559,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Vicor in the first quarter worth about $1,160,000. Jacobs Levy Equity Management Inc. grew its holdings in Vicor by 19.8% during the first quarter. Jacobs Levy Equity Management Inc. now owns 32,706 shares of the electronics maker’s stock worth $1,530,000 after acquiring an additional 5,408 shares during the period. XTX Topco Ltd purchased a new position in Vicor during the second quarter valued at approximately $797,000. Finally, Versor Investments LP acquired a new position in Vicor in the second quarter valued at approximately $342,000. 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.