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

Vicor Corporation (NASDAQ:VICR)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $101.47 and last traded at $100.83, with a volume of 378648 shares traded. The stock had previously closed at $99.30.

Analysts Set New Price Targets

VICR has been the subject of several recent analyst reports. Needham & Company LLC set a $90.00 price objective on shares of Vicor and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Wall Street Zen downgraded Vicor from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Vicor in a report on Wednesday, October 8th. Finally, Craig Hallum raised Vicor from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a research report on Wednesday, October 22nd. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.00.

Vicor Stock Performance

The firm has a market cap of $4.50 billion, a price-to-earnings ratio of 55.10 and a beta of 1.94. The stock’s 50 day simple moving average is $79.34 and its 200-day simple moving average is $58.73.

Vicor (NASDAQ:VICR) last posted its quarterly earnings data on Tuesday, October 21st. The electronics maker reported $0.63 EPS for the quarter, topping the consensus estimate of $0.20 by $0.43. Vicor had a net margin of 18.63% and a return on equity of 13.77%. The business had revenue of $110.42 million during the quarter, compared to the consensus estimate of $95.40 million. During the same period in the previous year, the firm posted $0.26 earnings per share. The business’s revenue for the quarter was up 18.5% compared to the same quarter last year.

Insider Buying and Selling at Vicor

In related news, VP Robert Gendron sold 5,374 shares of the company’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $94.00, for a total value of $505,156.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Andrew D’amico sold 2,000 shares of the stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $87.69, for a total transaction of $175,380.00. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 142,810 shares of company stock worth $12,764,878. 31.30% of the stock is owned by corporate insiders.

Institutional Trading of Vicor

Several large investors have recently made changes to their positions in VICR. Nisa Investment Advisors LLC raised its holdings in shares of Vicor by 53.4% during the third quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker’s stock worth $30,000 after purchasing an additional 210 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Vicor by 13.7% in the third quarter. PNC Financial Services Group Inc. now owns 1,129 shares of the electronics maker’s stock valued at $56,000 after purchasing an additional 136 shares during the last quarter. Strs Ohio acquired a new stake in Vicor during the 1st quarter worth about $56,000. iSAM Funds UK Ltd purchased a new position in shares of Vicor during the 3rd quarter valued at about $79,000. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Vicor by 993.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,782 shares of the electronics maker’s stock valued at $172,000 after buying an additional 3,436 shares during the period. 47.45% of the stock is owned by hedge funds and other institutional investors.

Vicor Company Profile

Vicor Corporation, together with its subsidiaries, designs, develops, manufactures, and markets modular power components and power systems for converting electrical power in the United States, Europe, the Asia Pacific, and internationally. The company offers a range of brick-format DC-DC converters; complementary components provide AC line rectification, input filtering, power factor correction, and transient protection; and input and output voltage, and output power products, as well as electrical and mechanical accessories.