Vicor (NASDAQ:VICR) Sets New 52-Week High – Still a Buy?

by · The Cerbat Gem

Vicor Corporation (NASDAQ:VICR – Get Free Report)’s share price reached a new 52-week high on Thursday . The company traded as high as $153.00 and last traded at $153.2150, with a volume of 94695 shares traded. The stock had previously closed at $145.32.

Wall Street Analyst Weigh In

VICR has been the subject of several analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Vicor in a research note on Wednesday, October 8th. Roth Capital assumed coverage on Vicor in a research report on Tuesday, December 16th. They set a “buy” rating and a $115.00 price objective for the company. Zacks Research upgraded shares of Vicor to a “hold” rating in a research note on Tuesday, December 16th. 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. Finally, Wall Street Zen cut shares of Vicor from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 23rd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Vicor presently has an average rating of “Moderate Buy” and a consensus target price of $98.33.

Check Out Our Latest Stock Analysis on Vicor

Vicor Price Performance

The company has a market capitalization of $6.70 billion, a PE ratio of 81.82 and a beta of 1.90. The company’s 50 day simple moving average is $103.51 and its 200 day simple moving average is $71.59.

Vicor (NASDAQ:VICR – Get Free Report) last posted its earnings results on Tuesday, October 21st. The electronics maker reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.43. Vicor had a net margin of 18.63% and a return on equity of 13.77%. The firm had revenue of $110.42 million for the quarter, compared to the consensus estimate of $95.40 million. During the same period last year, the firm posted $0.26 EPS. The company’s revenue was up 18.5% on a year-over-year basis.

Insider Activity

In other Vicor news, CEO Patrizio Vinciarelli sold 1,883 shares of the business’s stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $114.36, for a total value of $215,339.88. Following the completion of the sale, the chief executive officer owned 9,708,163 shares in the company, valued at approximately $1,110,225,520.68. The trade was a 0.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Andrew D’amico sold 400 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $142.50, for a total transaction of $57,000.00. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 279,145 shares of company stock valued at $27,313,654. Insiders own 31.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC raised its holdings in shares of Vicor by 53.4% in the third quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker’s stock valued at $30,000 after buying an additional 210 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in Vicor by 13.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,129 shares of the electronics maker’s stock valued at $56,000 after acquiring an additional 136 shares during the last quarter. Strs Ohio acquired a new stake in Vicor during the 1st quarter worth approximately $56,000. GoalVest Advisory LLC acquired a new stake in Vicor during the 4th quarter worth approximately $57,000. Finally, iSAM Funds UK Ltd purchased a new position in shares of Vicor in the 3rd quarter valued at approximately $79,000. 47.45% of the stock is owned by hedge funds and other institutional investors.

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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