Vicor (NASDAQ:VICR) Hits New 1-Year High – What’s Next?

Vicor Corporation (NASDAQ:VICR)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $186.28 and last traded at $178.8780, with a volume of 184573 shares trading hands. The stock had previously closed at $170.01.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on VICR. Wall Street Zen cut shares of Vicor from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vicor in a research report on Wednesday, January 21st. Roth Mkm reissued a “buy” rating and set a $175.00 price objective on shares of Vicor in a report on Thursday, January 22nd. Finally, Zacks Research raised shares of Vicor to a “hold” rating in a research note on Tuesday, December 16th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $118.33.

Vicor Trading Up 0.1%

The stock has a market cap of $7.60 billion, a PE ratio of 64.75 and a beta of 1.90. The business’s 50-day moving average price is $139.90 and its 200-day moving average price is $93.11.

Vicor (NASDAQ:VICR) last posted its earnings results on Thursday, February 19th. The electronics maker reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.63. Vicor had a net margin of 26.19% and a return on equity of 18.73%. The company had revenue of $107.26 million during the quarter, compared to analysts’ expectations of $107.78 million. During the same quarter in the prior year, the company posted $0.23 earnings per share. Vicor’s revenue for the quarter was up 11.5% compared to the same quarter last year.

Insider Transactions at Vicor

In other Vicor news, Director Andrew D’amico sold 200 shares of the firm’s stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $155.00, for a total value of $31,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Patrizio Vinciarelli sold 1,883 shares of the company’s stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $114.36, for a total transaction of $215,339.88. Following the transaction, the chief executive officer owned 9,708,163 shares in the company, valued at approximately $1,110,225,520.68. This trade represents a 0.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 126,735 shares of company stock valued at $13,607,975 in the last quarter. 31.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Vicor

Several large investors have recently bought and sold shares of the stock. Federated Hermes Inc. acquired a new position in Vicor during the 4th quarter valued at approximately $27,000. Nisa Investment Advisors LLC increased its position 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 valued at $30,000 after acquiring an additional 210 shares during the period. Harbour Investments Inc. purchased a new position in Vicor in the 4th quarter worth $32,000. Allworth Financial LP raised its stake in 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. acquired a new stake in Vicor during the 4th quarter worth about $36,000. Hedge funds and other institutional investors own 47.45% of the company’s stock.

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.