Vicor (NASDAQ:VICR) Hits New 1-Year High – Should You Buy?

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

Wall Street Analysts Forecast Growth

VICR has been the subject of several analyst reports. 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 note on Wednesday, October 22nd. Needham & Company LLC set a $90.00 price target on Vicor and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Wall Street Zen lowered shares of Vicor from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 23rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Vicor in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $90.00.

Vicor Trading Up 1.5%

The company has a 50-day simple moving average of $79.34 and a 200 day simple moving average of $58.73. The company has a market cap of $4.50 billion, a P/E ratio of 55.10 and a beta of 1.94.

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

Insider Buying and Selling

In other Vicor news, Director Zmira Lavie sold 3,720 shares of the company’s stock in a transaction dated Tuesday, October 28th. The shares were sold at an average price of $89.58, for a total value of $333,237.60. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Andrew D’amico sold 2,000 shares of Vicor stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $87.69, for a total transaction of $175,380.00. The disclosure for this sale is available in the SEC filing. Insiders sold 142,810 shares of company stock worth $12,764,878 over the last 90 days. Corporate insiders own 31.30% of the company’s stock.

Hedge Funds Weigh In On Vicor

Several institutional investors have recently made changes to their positions in the company. Nisa Investment Advisors LLC lifted 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 acquiring an additional 210 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Vicor by 13.7% in the 3rd 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 in the last quarter. Strs Ohio purchased a new stake in shares of Vicor in the 1st quarter worth approximately $56,000. iSAM Funds UK Ltd bought a new position in shares of Vicor during the third quarter valued at approximately $79,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Vicor by 993.1% during the second quarter. Tower Research Capital LLC TRC now owns 3,782 shares of the electronics maker’s stock valued at $172,000 after purchasing an additional 3,436 shares in the last quarter. Hedge funds and other institutional investors own 47.45% of the company’s stock.

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.