Vicor (NASDAQ:VICR) Shares Up 9.2% – Here’s Why

Vicor Corporation (NASDAQ:VICR)’s share price was up 9.2% during mid-day trading on Tuesday . The stock traded as high as $185.98 and last traded at $187.6770. Approximately 533,441 shares were traded during mid-day trading, a decline of 20% from the average daily volume of 669,019 shares. The stock had previously closed at $171.80.

Analysts Set New Price Targets

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

Vicor Stock Up 9.5%

The stock has a market capitalization of $8.40 billion, a P/E ratio of 71.91 and a beta of 1.90. The company has a fifty day simple moving average of $141.43 and a two-hundred day simple moving average of $93.99.

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

Insider Buying and Selling

In other news, VP Claudio Tuozzolo sold 4,469 shares of the business’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $174.60, for a total transaction of $780,287.40. Following the transaction, the vice president directly owned 29,153 shares in the company, valued at $5,090,113.80. The trade was a 13.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Patrizio Vinciarelli sold 20,000 shares of the firm’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $103.02, for a total transaction of $2,060,400.00. Following the completion of the sale, the chief executive officer owned 9,808,363 shares of the company’s stock, valued at $1,010,457,556.26. This trade represents a 0.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 133,204 shares of company stock worth $14,743,703. 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. Federated Hermes Inc. bought a new position in shares of Vicor during the 4th quarter worth approximately $27,000. Nisa Investment Advisors LLC lifted its holdings in Vicor by 53.4% during the 3rd 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 during the last quarter. Harbour Investments Inc. acquired a new stake in Vicor during the 4th quarter valued at $32,000. Allworth Financial LP boosted its position in Vicor by 960.0% during the fourth quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock worth $35,000 after purchasing an additional 288 shares during the period. Finally, NBC Securities Inc. acquired a new position in shares of Vicor in the fourth quarter valued at $36,000. Institutional investors own 47.45% of the company’s stock.

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.