Vicor (NASDAQ:VICR) Hits New 12-Month High – What’s Next?

Shares of Vicor Corporation (NASDAQ:VICR) hit a new 52-week high on Wednesday . The stock traded as high as $334.62 and last traded at $332.95, with a volume of 1586277 shares trading hands. The stock had previously closed at $267.99.

Analyst Ratings Changes

Several equities research analysts have recently commented on VICR shares. Roth Mkm reaffirmed a “buy” rating and set a $245.00 target price on shares of Vicor in a report on Monday, April 20th. Wall Street Zen downgraded Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Zacks Research raised Vicor from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $350.00 target price on shares of Vicor in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $228.33.

Vicor Stock Performance

The stock has a market capitalization of $15.18 billion, a PE ratio of 111.35 and a beta of 2.33. The firm has a 50 day moving average of $223.18 and a 200-day moving average of $164.85.

Vicor (NASDAQ:VICR) last announced its quarterly earnings data on Tuesday, April 21st. The electronics maker reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. Vicor had a return on equity of 20.21% and a net margin of 28.98%.The firm had revenue of $112.97 million during the quarter, compared to analyst estimates of $109.05 million. During the same period last year, the company posted $0.06 EPS. The business’s quarterly revenue was up 20.2% compared to the same quarter last year. On average, sell-side analysts predict that Vicor Corporation will post 2.71 earnings per share for the current year.

Insider Activity

In other Vicor news, insider Michael Mcnamara sold 18,618 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $309.00, for a total transaction of $5,752,962.00. Following the completion of the sale, the insider directly owned 18,185 shares in the company, valued at approximately $5,619,165. This trade represents a 50.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Andrew D’amico sold 800 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $315.35, for a total value of $252,280.00. Following the sale, the director owned 800 shares of the company’s stock, valued at $252,280. The trade was a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 718,159 shares of company stock worth $140,065,575. Corporate insiders own 31.30% of the company’s stock.

Institutional Investors Weigh In On Vicor

Several institutional investors have recently made changes to their positions in the company. Axiom Investment Management LLC acquired a new stake in shares of Vicor during the 1st quarter valued at about $209,000. Vestor Capital LLC acquired a new stake in shares of Vicor during the 1st quarter valued at about $7,110,000. Bank of America Corp DE lifted its holdings in shares of Vicor by 44.4% during the 1st quarter. Bank of America Corp DE now owns 102,107 shares of the electronics maker’s stock valued at $16,439,000 after buying an additional 31,399 shares during the last quarter. Amundi lifted its holdings in shares of Vicor by 43.7% during the 1st quarter. Amundi now owns 2,726 shares of the electronics maker’s stock valued at $439,000 after buying an additional 829 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Vicor by 28.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 465 shares of the electronics maker’s stock valued at $75,000 after buying an additional 103 shares during the last quarter. 47.45% of the stock is currently owned by institutional investors and hedge funds.

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.