Vicor (NASDAQ:VICR) Stock Price Up 8.4% – What’s Next?

Vicor Corporation (NASDAQ:VICR) shares were up 8.4% during mid-day trading on Thursday . The company traded as high as $287.75 and last traded at $285.3580. Approximately 82,063 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 840,829 shares. The stock had previously closed at $263.16.

Analyst Upgrades and Downgrades

VICR has been the topic of a number of research analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Vicor in a report on Monday, June 1st. Craig Hallum increased their target price on shares of Vicor to $450.00 and gave the company a “buy” rating in a report on Monday, June 22nd. Needham & Company LLC lifted their price target on shares of Vicor to $400.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Wall Street Zen lowered Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Finally, Zacks Research cut Vicor from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 2nd. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Vicor has a consensus rating of “Moderate Buy” and a consensus price target of $408.33.

Vicor Stock Performance

The company has a market capitalization of $12.97 billion, a PE ratio of 95.75 and a beta of 2.33. The stock’s fifty day simple moving average is $300.43 and its 200-day simple moving average is $213.87.

Vicor (NASDAQ:VICR) last posted its quarterly earnings data on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. The business had revenue of $112.97 million during the quarter, compared to analyst estimates of $109.05 million. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The company’s revenue was up 20.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.06 earnings per share. On average, equities analysts anticipate that Vicor Corporation will post 2.94 EPS for the current year.

Insider Buying and Selling at Vicor

In related news, CEO Patrizio Vinciarelli sold 50,000 shares of the company’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $193.21, for a total value of $9,660,500.00. Following the completion of the transaction, the chief executive officer directly owned 8,895,090 shares in the company, valued at approximately $1,718,620,338.90. This represents a 0.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 502,460 shares of company stock worth $145,214,062. Corporate insiders own 28.30% of the company’s stock.

Institutional Investors Weigh In On Vicor

Hedge funds have recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd acquired a new position in shares of Vicor in the 3rd quarter valued at $352,000. Range Financial Group LLC acquired a new stake in shares of Vicor during the 4th quarter worth $1,537,000. Convergence Investment Partners LLC purchased a new position in shares of Vicor in the 4th quarter worth $1,631,000. Chicago Capital LLC purchased a new position in shares of Vicor in the 4th quarter worth $771,000. Finally, Andar Capital Management HK Ltd acquired a new position in Vicor in the fourth quarter valued at $3,507,000. 47.45% of the stock is owned by institutional investors and hedge funds.

About Vicor

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.