Vicor (NASDAQ:VICR) Hits New 12-Month High at $55.69

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Vicor Corp (NASDAQ:VICR)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $55.69 and last traded at $55.45, with a volume of 14287 shares traded. The stock had previously closed at $54.66.

A number of equities research analysts have recently issued reports on the company. BidaskClub lowered Vicor from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 1st. Zacks Investment Research lowered Vicor from a “hold” rating to a “sell” rating in a research report on Saturday, December 14th. ValuEngine lowered Vicor from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Needham & Company LLC reaffirmed a “buy” rating and set a $57.00 target price (up from $45.00) on shares of Vicor in a research report on Tuesday, January 7th. Finally, TheStreet raised Vicor from a “c+” rating to a “b-” rating in a research report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $43.00.

The stock has a market capitalization of $2.21 billion, a price-to-earnings ratio of 120.49 and a beta of 0.69. The firm has a 50-day moving average of $51.64 and a two-hundred day moving average of $38.92.

In related news, insider Michael Mcnamara sold 2,389 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $41.50, for a total transaction of $99,143.50. Following the transaction, the insider now directly owns 1,113 shares of the company’s stock, valued at $46,189.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Claudio Tuozzolo sold 3,620 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $41.63, for a total value of $150,700.60. Following the transaction, the vice president now directly owns 31,996 shares in the company, valued at $1,331,993.48. The disclosure for this sale can be found here. Insiders have sold 6,229 shares of company stock worth $259,744 over the last three months. 56.06% of the stock is owned by insiders.

A number of hedge funds have recently modified their holdings of the business. California State Teachers Retirement System increased its position in Vicor by 1.2% in the 3rd quarter. California State Teachers Retirement System now owns 27,741 shares of the electronics maker’s stock worth $819,000 after purchasing an additional 331 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Vicor by 59.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 891 shares of the electronics maker’s stock worth $42,000 after purchasing an additional 331 shares during the last quarter. Bank of Montreal Can increased its position in Vicor by 18.5% in the 4th quarter. Bank of Montreal Can now owns 2,846 shares of the electronics maker’s stock worth $133,000 after purchasing an additional 445 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its position in Vicor by 13.0% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 5,480 shares of the electronics maker’s stock worth $162,000 after purchasing an additional 630 shares during the last quarter. Finally, Mason Street Advisors LLC increased its position in Vicor by 14.3% in the 3rd quarter. Mason Street Advisors LLC now owns 6,198 shares of the electronics maker’s stock worth $183,000 after purchasing an additional 774 shares during the last quarter. 28.61% of the stock is currently owned by institutional investors.

Vicor Company Profile (NASDAQ:VICR)

Vicor Corporation designs, develops, manufactures, and markets modular power components and power systems for converting electrical power worldwide. It operates through Brick Business Unit, VI Chip, and Picor segments. The company offers a range of brick-format DC-DC converters and configurable products; complementary components; and input and output voltage, and output power products, as well as electrical and mechanical accessories.

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