Vicor (NASDAQ:VICR) Sets New 52-Week High Following Analyst Upgrade

Vicor Corporation (NASDAQ:VICR)’s stock price reached a new 52-week high during trading on Monday after Craig Hallum raised their price target on the stock to $450.00. Craig Hallum currently has a buy rating on the stock. Vicor traded as high as $365.00 and last traded at $361.70, with a volume of 124314 shares trading hands. The stock had previously closed at $331.37.

Other equities analysts have also issued reports about the stock. Wall Street Zen lowered shares of Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Needham & Company LLC raised their price objective on Vicor to $400.00 and gave the stock a “buy” rating in a research report on Monday. Weiss Ratings reissued a “hold (c+)” rating on shares of Vicor in a research report on Monday, June 1st. Zacks Research raised Vicor from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Finally, Roth Mkm reaffirmed a “buy” rating and set a $375.00 target price (up from $285.00) on shares of Vicor in a research report on Monday. One investment 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 stock. Based on data from MarketBeat.com, Vicor presently has an average rating of “Buy” and a consensus target price of $408.33.

Insider Activity

In related news, CEO Patrizio Vinciarelli sold 50,000 shares of the firm’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $193.21, for a total value of $9,660,500.00. Following the completion of the transaction, the chief executive officer owned 8,895,090 shares in the company, valued at $1,718,620,338.90. This trade represents a 0.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 470,099 shares of company stock valued at $118,433,183. 28.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings 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 purchasing an additional 68 shares in the last quarter. ProShare Advisors LLC boosted its stake in Vicor by 1.7% during the 4th quarter. ProShare Advisors LLC now owns 4,469 shares of the electronics maker’s stock worth $490,000 after purchasing an additional 74 shares during the last quarter. Bouvel Investment Partners LLC grew its holdings in shares of Vicor by 0.4% during the fourth quarter. Bouvel Investment Partners LLC now owns 24,183 shares of the electronics maker’s stock worth $2,650,000 after buying an additional 85 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Vicor by 1.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,238 shares of the electronics maker’s stock valued at $574,000 after buying an additional 90 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of Vicor by 28.5% in the first 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 owned by institutional investors and hedge funds.

Vicor Price Performance

The company’s 50 day moving average price is $275.42 and its two-hundred day moving average price is $193.50. The stock has a market capitalization of $16.40 billion, a PE ratio of 120.30 and a beta of 2.36.

Vicor (NASDAQ:VICR) last announced its quarterly earnings data on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.04. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The company had revenue of $112.97 million during the quarter, compared to analysts’ expectations of $109.05 million. During the same quarter in the prior year, the company earned $0.06 EPS. Vicor’s revenue was up 20.2% compared to the same quarter last year. Analysts forecast that Vicor Corporation will post 2.71 earnings per share for the current year.

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.