Vicor (NASDAQ:VICR) Sets New 52-Week High – Should You Buy?

Vicor Corporation (NASDAQ:VICR) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $100.59 and last traded at $100.4250, with a volume of 231490 shares traded. The stock had previously closed at $92.58.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vicor in a research report on Wednesday, October 8th. Needham & Company LLC set a $90.00 target price on Vicor and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Craig Hallum upgraded shares of Vicor from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a report on Wednesday, October 22nd. Finally, Wall Street Zen raised shares of Vicor from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Vicor currently has a consensus rating of “Moderate Buy” and an average target price of $90.00.

Vicor Price Performance

The company has a market capitalization of $4.23 billion, a P/E ratio of 51.50 and a beta of 1.81. The company has a fifty day moving average price of $63.86 and a two-hundred day moving average price of $52.08.

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

Insider Buying and Selling

In other Vicor news, Director Andrew D’amico sold 14,677 shares of the business’s stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $82.53, for a total value of $1,211,292.81. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Sean Crilly sold 12,000 shares of the stock in a transaction on Monday, October 27th. The shares were sold at an average price of $89.61, for a total value of $1,075,320.00. Following the sale, the vice president directly owned 15,532 shares in the company, valued at $1,391,822.52. This trade represents a 43.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 137,331 shares of company stock worth $12,265,174 over the last 90 days. Insiders own 31.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Manchester Capital Management LLC raised its holdings in shares of Vicor by 76.8% during the 1st quarter. Manchester Capital Management LLC now owns 610 shares of the electronics maker’s stock worth $29,000 after acquiring an additional 265 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in Vicor by 53.4% in 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 period. PNC Financial Services Group Inc. boosted its holdings in shares of 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 period. Strs Ohio bought a new stake in shares of Vicor in the 1st quarter valued at about $56,000. Finally, CWM LLC grew its stake in shares of Vicor by 33.3% during the first quarter. CWM LLC now owns 3,211 shares of the electronics maker’s stock worth $150,000 after acquiring an additional 802 shares during the last quarter. 47.45% of the stock is currently owned by 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.