Vicor (NASDAQ:VICR) Shares Up 7.6% – What’s Next?

Vicor Corporation (NASDAQ:VICR)’s stock price traded up 7.6% on Monday . The company traded as high as $250.50 and last traded at $252.4770. Approximately 247,978 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 840,850 shares. The stock had previously closed at $234.74.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Craig Hallum upped their price target on shares of Vicor to $450.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Needham & Company LLC lowered their price objective on shares of Vicor from $400.00 to $320.00 and set a “buy” rating for the company in a research report on Tuesday, July 21st. Roth Capital boosted their target price on shares of Vicor from $285.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Zacks Research lowered shares of Vicor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 2nd. Finally, Wall Street Zen lowered shares of Vicor from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $381.67.

Vicor Stock Up 7.5%

The company has a market cap of $11.64 billion, a P/E ratio of 80.92 and a beta of 2.37. The business has a 50-day moving average price of $266.38 and a two-hundred day moving average price of $231.70.

Vicor (NASDAQ:VICR) last posted its quarterly earnings results on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.39. The business had revenue of $143.35 million for the quarter, compared to analysts’ expectations of $138.37 million. Vicor had a return on equity of 19.83% and a net margin of 30.65%.The firm’s quarterly revenue was up 49.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.91 earnings per share. As a group, sell-side analysts expect that Vicor Corporation will post 3.12 EPS for the current fiscal year.

Insider Activity

In other news, CEO Patrizio Vinciarelli sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $279.50, for a total value of $5,590,000.00. Following the transaction, the chief executive officer owned 8,628,090 shares of the company’s stock, valued at approximately $2,411,551,155. This trade represents a 0.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 312,751 shares of company stock valued at $101,273,682. 28.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Vicor

A number of institutional investors and hedge funds have recently modified their holdings of VICR. GoalVest Advisory LLC boosted its holdings in Vicor by 23.5% during the second quarter. GoalVest Advisory LLC now owns 321 shares of the electronics maker’s stock worth $122,000 after purchasing an additional 61 shares during the last quarter. Carolina Wealth Advisors LLC grew its position in Vicor by 70.9% in the second quarter. Carolina Wealth Advisors LLC now owns 147 shares of the electronics maker’s stock valued at $56,000 after purchasing an additional 61 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Vicor by 1.2% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,692 shares of the electronics maker’s stock valued at $916,000 after buying an additional 68 shares during the last quarter. ProShare Advisors LLC increased its stake in Vicor by 1.7% in the 4th quarter. ProShare Advisors LLC now owns 4,469 shares of the electronics maker’s stock valued at $490,000 after buying an additional 74 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its position in Vicor by 1.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,238 shares of the electronics maker’s stock worth $574,000 after buying an additional 90 shares in the last quarter. 47.45% of the stock is owned by institutional investors.

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.