Vicor (NASDAQ:VICR) Hits New 52-Week High – Still a Buy?

Vicor Corporation (NASDAQ:VICR)’s stock price hit a new 52-week high on Thursday . The company traded as high as $173.00 and last traded at $162.63, with a volume of 125731 shares. The stock had previously closed at $166.51.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on VICR shares. Craig Hallum upgraded Vicor from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a research report on Wednesday, October 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vicor in a research report on Wednesday, January 21st. Needham & Company LLC set a $90.00 price target on Vicor and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Roth Mkm reissued a “buy” rating and issued a $175.00 price target on shares of Vicor in a research note on Thursday, January 22nd. Finally, Wall Street Zen lowered shares of Vicor from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 23rd. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $118.33.

Vicor Stock Performance

The stock has a market capitalization of $7.04 billion, a PE ratio of 86.16 and a beta of 1.90. The firm has a 50 day moving average of $120.41 and a 200-day moving average of $80.79.

Insider Transactions at Vicor

In other Vicor news, CEO Patrizio Vinciarelli sold 1,883 shares of the stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $114.36, for a total value of $215,339.88. Following the completion of the sale, the chief executive officer owned 9,708,163 shares in the company, valued at $1,110,225,520.68. This represents a 0.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO James F. Schmidt sold 5,000 shares of Vicor stock in a transaction 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 trade represents a 85.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 147,588 shares of company stock valued at $15,614,636 over the last three months. 31.30% of the stock is owned by corporate insiders.

Institutional Trading of Vicor

Several hedge funds and other institutional investors have recently modified their holdings of VICR. Nisa Investment Advisors LLC grew its stake 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 purchasing an additional 210 shares in the last quarter. NBC Securities Inc. acquired a new stake in shares of Vicor during the 4th quarter valued at about $36,000. First PREMIER Bank acquired a new stake in shares of Vicor during the 4th quarter valued at about $55,000. PNC Financial Services Group Inc. grew its stake in shares of Vicor by 13.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,129 shares of the electronics maker’s stock valued at $56,000 after buying an additional 136 shares in the last quarter. Finally, Strs Ohio acquired a new position in Vicor in the first quarter worth approximately $56,000. 47.45% of the stock is currently owned by hedge funds and other 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.