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

Vicor Corporation (NASDAQ:VICRGet Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $293.95 and last traded at $265.00, with a volume of 2187934 shares. The stock had previously closed at $246.24.

Key Stories Impacting Vicor

Here are the key news stories impacting Vicor this week:

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on VICR. Roth Mkm restated a “buy” rating and set a $245.00 target price on shares of Vicor in a research report on Monday. Weiss Ratings restated a “hold (c)” rating on shares of Vicor in a research report on Wednesday, January 21st. Zacks Research upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Finally, Needham & Company LLC lifted their target price on shares of Vicor from $180.00 to $260.00 and gave the stock a “buy” rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Vicor currently has a consensus rating of “Buy” and an average price target of $198.33.

View Our Latest Research Report on VICR

Vicor Stock Up 7.6%

The firm has a market capitalization of $12.02 billion, a PE ratio of 88.63 and a beta of 1.97. The business’s fifty day moving average price is $180.95 and its 200 day moving average price is $133.22.

Vicor (NASDAQ:VICRGet Free Report) last issued its quarterly earnings results on Tuesday, April 21st. The electronics maker reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. The business had revenue of $112.97 million during the quarter, compared to the consensus estimate of $109.05 million. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The company’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.06 earnings per share. As a group, sell-side analysts forecast that Vicor Corporation will post 2.12 earnings per share for the current fiscal year.

Insider Transactions at Vicor

In related news, CEO Patrizio Vinciarelli sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $197.64, for a total value of $7,905,600.00. Following the completion of the sale, the chief executive officer directly owned 8,855,090 shares in the company, valued at approximately $1,750,119,987.60. The trade was a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Mcnamara sold 7,174 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $190.07, for a total transaction of $1,363,562.18. Following the completion of the sale, the insider owned 18,138 shares of the company’s stock, valued at approximately $3,447,489.66. The trade was a 28.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 665,663 shares of company stock valued at $122,253,776. Insiders own 31.30% of the company’s stock.

Institutional Investors Weigh In On Vicor

Institutional investors have recently bought and sold shares of the stock. Federated Hermes Inc. purchased a new stake in Vicor in the fourth quarter valued at approximately $27,000. Blue Trust Inc. grew its holdings in Vicor by 1,814.3% in the first quarter. Blue Trust Inc. now owns 268 shares of the electronics maker’s stock valued at $43,000 after purchasing an additional 254 shares during the period. Harbour Investments Inc. purchased a new stake in Vicor in the fourth quarter valued at approximately $32,000. Allworth Financial LP grew its holdings in Vicor by 960.0% in the fourth quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock valued at $35,000 after purchasing an additional 288 shares during the period. Finally, SBI Securities Co. Ltd. grew its holdings in Vicor by 32,400.0% in the fourth quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker’s stock valued at $36,000 after purchasing an additional 324 shares during the period. 47.45% of the stock is currently owned by hedge funds and other institutional investors.

About Vicor

(Get Free Report)

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.

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