Vicor Corporation (NASDAQ:VICR) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Vicor Corporation (NASDAQ:VICR) have been given a consensus recommendation of “Moderate Buy” by the five analysts that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $408.3333.

A number of research firms have recently commented on VICR. Weiss Ratings reiterated a “hold (c+)” rating on shares of Vicor in a report on Monday, June 1st. Zacks Research lowered shares of Vicor from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 2nd. Needham & Company LLC increased their target price on Vicor to $400.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Craig Hallum raised their target price on Vicor to $450.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Finally, Wall Street Zen cut shares of Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th.

Insiders Place Their Bets

In other Vicor news, CEO Patrizio Vinciarelli sold 50,000 shares of the business’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $193.21, for a total transaction of $9,660,500.00. Following the completion of the sale, the chief executive officer owned 8,895,090 shares of the company’s stock, valued at approximately $1,718,620,338.90. The trade was a 0.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 502,460 shares of company stock worth $145,214,062 in the last quarter. 28.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Federated Hermes Inc. purchased a new stake in Vicor in the 4th quarter worth approximately $27,000. Harbour Investments Inc. purchased a new position in Vicor during the fourth quarter valued at approximately $32,000. Allworth Financial LP lifted its holdings in Vicor by 960.0% during the fourth quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock valued at $35,000 after purchasing an additional 288 shares in the last quarter. NBC Securities Inc. bought a new position in Vicor in the 4th quarter worth $36,000. Finally, SBI Securities Co. Ltd. raised its holdings in Vicor by 32,400.0% during the fourth quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker’s stock valued at $36,000 after acquiring an additional 324 shares during the period. 47.45% of the stock is owned by hedge funds and other institutional investors.

Vicor Trading Down 1.9%

Shares of NASDAQ:VICR opened at $272.05 on Monday. The stock has a fifty day simple moving average of $301.31 and a two-hundred day simple moving average of $215.49. Vicor has a 12-month low of $41.76 and a 12-month high of $382.65. The stock has a market capitalization of $12.40 billion, a price-to-earnings ratio of 90.99 and a beta of 2.33.

Vicor (NASDAQ:VICR) last issued its quarterly earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.04. Vicor had a return on equity of 20.21% and a net margin of 28.98%.The firm had revenue of $112.97 million during the quarter, compared to the consensus estimate of $109.05 million. During the same period last year, the company earned $0.06 earnings per share. The company’s revenue was up 20.2% on a year-over-year basis. As a group, equities research analysts predict that Vicor will post 2.94 EPS for the current year.

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.