Vicor Corporation (NASDAQ:VICR) Receives $98.33 Consensus Target Price from Analysts

Shares of Vicor Corporation (NASDAQ:VICR) have been given an average recommendation of “Moderate Buy” by the five ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $98.3333.

VICR has been the subject of a number of research analyst reports. Zacks Research raised shares of Vicor to a “hold” rating in a research report on Tuesday, December 16th. Roth Capital began coverage on Vicor in a research note on Tuesday, December 16th. They set a “buy” rating and a $115.00 price target on the stock. Wall Street Zen downgraded 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 research report on Wednesday, October 8th. Finally, Needham & Company LLC set a $90.00 target price on Vicor and gave the company a “buy” rating in a research note on Wednesday, October 22nd.

Insider Buying and Selling

In related news, CEO Patrizio Vinciarelli sold 20,000 shares of the company’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $103.02, for a total value of $2,060,400.00. Following the sale, the chief executive officer owned 9,808,363 shares of the company’s stock, valued at $1,010,457,556.26. The trade was a 0.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Andrew D’amico sold 14,677 shares of the stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $82.53, for a total transaction of $1,211,292.81. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 279,345 shares of company stock worth $27,343,654. Insiders own 31.30% of the company’s stock.

Institutional Investors Weigh In On Vicor

Several large investors have recently modified their holdings of the stock. Royal Bank of Canada lifted its position in shares of Vicor by 6.0% during the 1st quarter. Royal Bank of Canada now owns 15,167 shares of the electronics maker’s stock worth $709,000 after buying an additional 857 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Vicor by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,537 shares of the electronics maker’s stock valued at $633,000 after acquiring an additional 563 shares during the period. Millennium Management LLC lifted its holdings in shares of Vicor by 4,634.5% during the first quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock valued at $12,379,000 after acquiring an additional 259,022 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Vicor by 38.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 41,541 shares of the electronics maker’s stock valued at $1,943,000 after purchasing an additional 11,525 shares in the last quarter. Finally, Acadian Asset Management LLC grew its holdings in shares of Vicor by 56.1% in the 1st quarter. Acadian Asset Management LLC now owns 8,860 shares of the electronics maker’s stock worth $413,000 after purchasing an additional 3,184 shares during the last quarter. 47.45% of the stock is currently owned by institutional investors.

Vicor Trading Up 3.0%

Shares of Vicor stock opened at $149.88 on Monday. Vicor has a 1 year low of $38.92 and a 1 year high of $154.90. The company’s fifty day simple moving average is $105.89 and its 200-day simple moving average is $72.83. The company has a market cap of $6.69 billion, a price-to-earnings ratio of 81.90 and a beta of 1.90.

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

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.