Vicor Corporation (NASDAQ:VICR) Receives Average Rating of “Buy” from Brokerages

by · The Markets Daily

Shares of Vicor Corporation (NASDAQ:VICR – Get Free Report) have been given a consensus recommendation of “Buy” by the five brokerages that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $118.3333.

VICR has been the topic of a number of research reports. Roth Mkm reissued a “buy” rating and issued a $175.00 price objective on shares of Vicor in a report on Thursday, January 22nd. Zacks Research upgraded Vicor from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Vicor in a report on Wednesday, January 21st. Finally, Wall Street Zen cut Vicor from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 23rd.

View Our Latest Analysis on Vicor

Vicor Price Performance

Vicor stock opened at $170.03 on Tuesday. The stock has a market capitalization of $7.59 billion, a PE ratio of 65.15 and a beta of 1.83. The business’s fifty day moving average is $158.86 and its 200 day moving average is $104.20. Vicor has a one year low of $38.92 and a one year high of $209.53.

Vicor (NASDAQ:VICR – Get Free Report) last issued its earnings results on Thursday, February 19th. The electronics maker reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.63. Vicor had a net margin of 26.19% and a return on equity of 18.73%. The company had revenue of $362.70 million for the quarter, compared to analysts’ expectations of $107.78 million. During the same quarter last year, the company posted $0.23 earnings per share. The firm’s quarterly revenue was up 11.5% on a year-over-year basis.

Insider Transactions at Vicor

In related news, VP Sean Crilly sold 6,000 shares of the stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $197.73, for a total value of $1,186,380.00. Following the sale, the vice president directly owned 9,729 shares of the company’s stock, valued at $1,923,715.17. This represents a 38.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Alvaro Doyle sold 7,913 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $172.83, for a total value of $1,367,603.79. Following the sale, the vice president directly owned 42 shares of the company’s stock, valued at $7,258.86. This represents a 99.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 227,161 shares of company stock worth $33,049,414. 31.30% 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 added to or reduced their stakes in the stock. Corient Private Wealth LLC raised its stake in shares of Vicor by 3.9% during the fourth quarter. Corient Private Wealth LLC now owns 4,861 shares of the electronics maker’s stock valued at $533,000 after acquiring an additional 184 shares in the last quarter. Bayban purchased a new position in Vicor in the fourth quarter valued at about $778,000. Pacer Advisors Inc. grew its position in shares of Vicor by 240.4% in the 4th quarter. Pacer Advisors Inc. now owns 5,681 shares of the electronics maker’s stock worth $623,000 after buying an additional 4,012 shares during the last quarter. Invesco Ltd. increased its position in shares of Vicor by 125.8% during the fourth quarter. Invesco Ltd. now owns 148,659 shares of the electronics maker’s stock worth $16,293,000 after purchasing an additional 82,831 shares in the last quarter. Finally, State of Tennessee Department of Treasury increased its position in Vicor by 10.5% during the 4th quarter. State of Tennessee Department of Treasury now owns 14,615 shares of the electronics maker’s stock valued at $1,602,000 after buying an additional 1,388 shares in the last quarter. Institutional investors own 47.45% of the company’s stock.

About Vicor

(Get Free Report)

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.

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