Analysts Set Vicor Corporation (NASDAQ:VICR) Price Target at $118.33

Shares of Vicor Corporation (NASDAQ:VICR) have received an average rating of “Buy” from the five research firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $118.3333.

Several brokerages recently issued reports on VICR. Weiss Ratings restated a “hold (c)” rating on shares of Vicor in a research note on Wednesday, January 21st. Roth Mkm reiterated a “buy” rating and issued a $175.00 price objective on shares of Vicor in a research report on Thursday, January 22nd. Finally, Zacks Research raised Vicor from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd.

Insider Buying and Selling at Vicor

In other news, Director Estia J. Eichten sold 38,587 shares of the firm’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $168.27, for a total transaction of $6,493,034.49. Following the completion of the transaction, the director directly owned 190,838 shares of the company’s stock, valued at approximately $32,112,310.26. This trade represents a 16.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Patrizio Vinciarelli sold 50,000 shares of Vicor stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $201.54, for a total transaction of $10,077,000.00. Following the sale, the chief executive officer owned 9,608,163 shares in the company, valued at approximately $1,936,429,171.02. This trade represents a 0.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 531,742 shares of company stock valued at $96,387,469. 31.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of Vicor by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 2,534,534 shares of the electronics maker’s stock worth $277,785,000 after buying an additional 60,963 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Vicor by 4.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 578,515 shares of the electronics maker’s stock worth $28,759,000 after buying an additional 25,393 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Vicor by 1,542.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 439,820 shares of the electronics maker’s stock valued at $48,205,000 after buying an additional 413,038 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Vicor by 3,918.9% in the 4th quarter. The Manufacturers Life Insurance Company now owns 432,189 shares of the electronics maker’s stock valued at $47,368,000 after buying an additional 421,435 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in Vicor by 39.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 374,088 shares of the electronics maker’s stock valued at $41,000,000 after acquiring an additional 106,206 shares during the period. Institutional investors and hedge funds own 47.45% of the company’s stock.

Vicor Price Performance

NASDAQ:VICR opened at $158.16 on Friday. Vicor has a one year low of $38.92 and a one year high of $209.53. The company has a fifty day moving average price of $171.00 and a 200 day moving average price of $118.29. The stock has a market cap of $7.18 billion, a P/E ratio of 60.60 and a beta of 1.97.

Vicor (NASDAQ:VICR) last posted its quarterly 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 analyst estimates of $107.78 million. During the same period last year, the business posted $0.23 EPS. The business’s quarterly revenue was up 11.5% on a year-over-year basis.

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.