Vicor’s (VICR) Buy Rating Reiterated at Needham & Company LLC

by · The Markets Daily

Needham & Company LLC reaffirmed their buy rating on shares of Vicor (NASDAQ:VICR – Free Report) in a research note released on Tuesday, MarketBeat.com reports. They currently have a $320.00 price target on the electronics maker’s stock.

VICR has been the subject of a number of other reports. Zacks Research lowered shares of Vicor from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 2nd. Roth Capital lifted their target price on Vicor from $285.00 to $375.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Weiss Ratings cut Vicor from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, September 18th. Finally, Craig Hallum upped their price target on Vicor to $450.00 and gave the company a “buy” rating in a report on Monday, June 22nd. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $381.67.

Get Our Latest Stock Analysis on VICR

Vicor Stock Performance

Shares of VICR stock opened at $276.06 on Tuesday. The company has a market capitalization of $12.73 billion, a price-to-earnings ratio of 88.48 and a beta of 2.35. Vicor has a one year low of $47.56 and a one year high of $382.65. The company’s 50-day moving average is $210.73 and its 200 day moving average is $238.93.

Vicor (NASDAQ:VICR – Get Free Report) last issued its earnings results on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.39. The business had revenue of $143.35 million during the quarter, compared to analysts’ expectations of $138.37 million. Vicor had a net margin of 30.65% and a return on equity of 19.83%. The business’s revenue for the quarter was up 49.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.91 earnings per share. As a group, research analysts predict that Vicor will post 3.64 earnings per share for the current fiscal year.

Insider Activity at Vicor

In related news, Director Zmira Lavie sold 908 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $250.00, for a total value of $227,000.00. Following the sale, the director owned 908 shares in the company, valued at approximately $227,000. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Patrizio Vinciarelli sold 20,000 shares of Vicor stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $318.88, for a total transaction of $6,377,600.00. Following the completion of the sale, the chief executive officer directly owned 8,348,090 shares of the company’s stock, valued at approximately $2,662,038,939.20. This trade represents a 0.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 70,826 shares of company stock worth $23,703,427 over the last quarter. Company insiders own 28.30% of the company’s stock.

Institutional Trading of Vicor

Large investors have recently modified their holdings of the company. Carolina Wealth Advisors LLC lifted its holdings 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 acquiring an additional 61 shares during the period. Elevation Wealth Partners LLC purchased a new stake in shares of Vicor during the 2nd quarter valued at about $76,000. Blue Trust Inc. lifted its stake in shares of Vicor by 1,814.3% in the 1st quarter. Blue Trust Inc. now owns 268 shares of the electronics maker’s stock worth $43,000 after purchasing an additional 254 shares during the period. ROSS JOHNSON & Associates LLC lifted its stake in shares of Vicor by 13,750.0% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 277 shares of the electronics maker’s stock worth $45,000 after purchasing an additional 275 shares during the period. Finally, Harbour Investments Inc. purchased a new position in shares of Vicor in the fourth quarter worth approximately $32,000. Institutional investors own 47.45% of the company’s stock.

About Vicor

(Get Free Report)

Vicor Corporation (NASDAQ: VICR) designs, manufactures and markets modular power components and power systems. The company’s products are used to convert, regulate and distribute electrical power in electronic systems, with an emphasis on high-density, efficient and scalable power-conversion technology.

Its portfolio includes AC-to-DC and DC-to-DC power modules, bus converters, point-of-load regulators, power accessories and complete power systems. Vicor’s Factorized Power Architecture separates power conversion, transformation and regulation functions to help customers address power-density, thermal-management and system-design requirements.

Vicor serves customers in markets including data centers and communications infrastructure, automotive and transportation, aerospace and defense, industrial equipment, and other high-performance electronics applications.

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