Vicor (NASDAQ:VICR) Given “Buy” Rating at Needham & Company LLC

Vicor (NASDAQ:VICR)‘s stock had its “buy” rating reaffirmed by stock analysts at Needham & Company LLC in a research report issued to clients and investors on Tuesday, Marketbeat Ratings reports. They presently have a $320.00 price objective on the electronics maker’s stock. Needham & Company LLC’s price target suggests a potential upside of 13.49% from the stock’s current price.

Several other equities analysts have also issued reports on VICR. Craig Hallum boosted their price target on shares of Vicor to $450.00 and gave the company a “buy” rating in a report on Monday, June 22nd. Zacks Research lowered shares of Vicor from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 2nd. Weiss Ratings lowered shares of Vicor from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, September 18th. Finally, Roth Capital upped their price target on shares of Vicor from $285.00 to $375.00 and gave the company a “buy” rating in a report on Monday, June 22nd. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Vicor presently has an average rating of “Moderate Buy” and an average target price of $381.67.

Vicor Trading Up 2.1%

Shares of VICR stock traded up $5.90 on Tuesday, hitting $281.96. The stock had a trading volume of 773,322 shares, compared to its average volume of 853,757. Vicor has a twelve month low of $47.56 and a twelve month high of $382.65. The firm has a market cap of $13.00 billion, a P/E ratio of 90.37 and a beta of 2.35. The company has a fifty day moving average price of $211.62 and a two-hundred day moving average price of $239.23.

Vicor (NASDAQ:VICR) last announced its quarterly earnings results on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.39. Vicor had a net margin of 30.65% and a return on equity of 19.83%. The company had revenue of $143.35 million during the quarter, compared to analyst estimates of $138.37 million. During the same quarter in the previous year, the business earned $0.91 EPS. The firm’s revenue was up 49.3% on a year-over-year basis. On average, analysts expect that Vicor will post 3.64 earnings per share for the current year.

Insider Activity

In other news, CEO Patrizio Vinciarelli sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $318.88, for a total value of $6,377,600.00. Following the completion of the transaction, the chief executive officer owned 8,348,090 shares in the company, valued at $2,662,038,939.20. This represents a 0.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Philip Davies sold 3,073 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $356.97, for a total transaction of $1,096,968.81. Following the completion of the transaction, the vice president owned 1,920 shares of the company’s stock, valued at $685,382.40. This trade represents a 61.55% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 70,826 shares of company stock worth $23,703,427 over the last quarter. 28.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Andar Capital Management HK Ltd acquired a new position in Vicor during the second quarter worth $101,100,000. BlackRock Inc. acquired a new position in Vicor during the second quarter worth $934,612,000. The Manufacturers Life Insurance Company boosted its holdings in Vicor by 39.6% during the first quarter. The Manufacturers Life Insurance Company now owns 603,364 shares of the electronics maker’s stock worth $97,142,000 after purchasing an additional 171,175 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Vicor by 43.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 536,274 shares of the electronics maker’s stock worth $86,340,000 after purchasing an additional 162,186 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in Vicor during the second quarter worth $53,161,000. Institutional investors and hedge funds own 47.45% of the company’s stock.

Vicor Company Profile

Vicor Corporation (NASDAQ: VICR) designs, manufactures and markets modular power components and power systems. The company’s products are used to convert, regulate and distribute electrical power in electronic systems, with an emphasis on high-density, efficient and scalable power-conversion technology.

Its portfolio includes AC-to-DC and DC-to-DC power modules, bus converters, point-of-load regulators, power accessories and complete power systems. Vicor’s Factorized Power Architecture separates power conversion, transformation and regulation functions to help customers address power-density, thermal-management and system-design requirements.

Vicor serves customers in markets including data centers and communications infrastructure, automotive and transportation, aerospace and defense, industrial equipment, and other high-performance electronics applications.