Vicor (NASDAQ:VICR) Shares Up 7.6% – Should You Buy?

Vicor Corporation (NASDAQ:VICR) shares shot up 7.6% during mid-day trading on Monday . The stock traded as high as $250.50 and last traded at $252.4770. 247,978 shares traded hands during trading, a decline of 71% from the average session volume of 840,850 shares. The stock had previously closed at $234.74.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on VICR. Weiss Ratings raised shares of Vicor from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 6th. Craig Hallum boosted their price objective on shares of Vicor to $450.00 and gave the company a “buy” rating in a report on Monday, June 22nd. Needham & Company LLC reduced their target price on Vicor from $400.00 to $320.00 and set a “buy” rating for the company in a research note on Tuesday, July 21st. Zacks Research downgraded Vicor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 2nd. Finally, Roth Capital raised their price objective on Vicor from $285.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $381.67.

Vicor Stock Down 4.4%

The firm has a market capitalization of $11.18 billion, a PE ratio of 77.70 and a beta of 2.37. The stock has a 50-day moving average price of $265.13 and a 200 day moving average price of $232.87.

Vicor (NASDAQ:VICR) last announced its earnings results on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.39. Vicor had a net margin of 30.65% and a return on equity of 19.83%. The business had revenue of $143.35 million for the quarter, compared to analyst estimates of $138.37 million. During the same quarter last year, the business earned $0.91 earnings per share. The company’s revenue for the quarter was up 49.3% compared to the same quarter last year. As a group, equities analysts predict that Vicor Corporation will post 3.12 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Patrizio Vinciarelli sold 20,000 shares of the business’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $279.50, for a total transaction of $5,590,000.00. Following the transaction, the chief executive officer owned 8,628,090 shares of the company’s stock, valued at approximately $2,411,551,155. The trade was a 0.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 312,751 shares of company stock worth $101,273,682 in the last quarter. Company insiders own 28.30% of the company’s stock.

Institutional Investors Weigh In On Vicor

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VICR. Carolina Wealth Advisors LLC grew its holdings in shares of Vicor by 70.9% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 147 shares of the electronics maker’s stock worth $56,000 after purchasing an additional 61 shares during the period. Elevation Wealth Partners LLC purchased a new position in Vicor during the second quarter worth about $76,000. Federated Hermes Inc. purchased a new position in Vicor during the fourth quarter worth about $27,000. Blue Trust Inc. increased its position in shares of Vicor by 1,814.3% during the first quarter. Blue Trust Inc. now owns 268 shares of the electronics maker’s stock valued at $43,000 after acquiring an additional 254 shares during the last quarter. Finally, ROSS JOHNSON & Associates LLC raised 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 valued at $45,000 after acquiring an additional 275 shares during the period. Hedge funds and other institutional investors own 47.45% of the company’s stock.

About Vicor

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.