Vicor (NASDAQ:VICR) Sets New 52-Week High – Should You Buy?

Shares of Vicor Corporation (NASDAQ:VICR) hit a new 52-week high on Thursday . The stock traded as high as $153.00 and last traded at $153.2150, with a volume of 94695 shares trading hands. The stock had previously closed at $145.32.

Analyst Upgrades and Downgrades

VICR has been the topic of a number of research analyst reports. Craig Hallum upgraded Vicor from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a report on Wednesday, October 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Vicor in a research note on Wednesday, October 8th. Roth Capital started coverage on shares of Vicor in a research report on Tuesday, December 16th. They set a “buy” rating and a $115.00 price objective on the stock. Zacks Research upgraded shares of Vicor to a “hold” rating in a research note on Tuesday, December 16th. Finally, Needham & Company LLC set a $90.00 price target on shares of Vicor and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $98.33.

Vicor Trading Up 3.0%

The firm has a 50-day moving average of $105.89 and a two-hundred day moving average of $72.83. The firm 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 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.43. The business had revenue of $110.42 million for the quarter, compared to the consensus estimate of $95.40 million. Vicor had a return on equity of 13.77% and a net margin of 18.63%.The firm’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same period last year, the business earned $0.26 earnings per share.

Insider Transactions at Vicor

In other news, CFO James F. Schmidt sold 5,000 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 875 shares in the company, valued at approximately $96,250. This represents a 85.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Patrizio Vinciarelli sold 1,883 shares of the firm’s stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $114.36, for a total transaction of $215,339.88. Following the completion of the sale, the chief executive officer directly owned 9,708,163 shares of the company’s stock, valued at approximately $1,110,225,520.68. This represents a 0.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over 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 Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its position in shares of Vicor by 4.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 578,515 shares of the electronics maker’s stock worth $28,759,000 after buying an additional 25,393 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in Vicor by 1,921.4% in the third quarter. Arrowstreet Capital Limited Partnership now owns 267,882 shares of the electronics maker’s stock valued at $13,319,000 after acquiring an additional 254,630 shares during the last quarter. Millennium Management LLC grew its holdings in Vicor by 4,634.5% during the 1st quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock worth $12,379,000 after acquiring an additional 259,022 shares during the period. Colrain Capital LLC raised its position in shares of Vicor by 10.4% during the 3rd quarter. Colrain Capital LLC now owns 254,140 shares of the electronics maker’s stock valued at $12,636,000 after acquiring an additional 23,940 shares during the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new position in shares of Vicor in the 3rd quarter valued at $12,625,000. 47.45% of the stock is currently owned by institutional investors and hedge funds.

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.