Vicor’s (VICR) Buy Rating Reiterated at Needham & Company LLC

Vicor (NASDAQ:VICR)‘s stock had its “buy” rating reaffirmed by equities research analysts at Needham & Company LLC in a note issued to investors on Tuesday, Marketbeat Ratings reports. They currently have a $320.00 price target on the electronics maker’s stock. Needham & Company LLC’s target price points to a potential upside of 15.92% from the company’s current price.

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

Vicor Stock Down 2.5%

Shares of NASDAQ:VICR opened at $276.06 on Tuesday. Vicor has a 52-week low of $47.56 and a 52-week high of $382.65. The stock’s fifty day simple moving average is $210.73 and its 200-day simple moving average is $238.93. The company has a market capitalization of $12.73 billion, a P/E ratio of 88.48 and a beta of 2.35.

Vicor (NASDAQ:VICR) last issued its quarterly earnings data 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 return on equity of 19.83% and a net margin of 30.65%.The business had revenue of $143.35 million for the quarter, compared to the consensus estimate of $138.37 million. During the same period in the prior year, the business earned $0.91 earnings per share. The business’s revenue was up 49.3% on a year-over-year basis. On average, sell-side analysts anticipate that Vicor will post 3.64 earnings per share for the current year.

Insiders Place Their Bets

In other Vicor news, CEO Patrizio Vinciarelli sold 700 shares of the company’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $302.40, for a total transaction of $211,680.00. Following the completion of the sale, the chief executive officer directly owned 8,347,390 shares in the company, valued at $2,524,250,736. This represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Zmira Lavie sold 908 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $250.00, for a total value of $227,000.00. Following the sale, the director owned 908 shares of the company’s stock, valued at $227,000. This represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 70,826 shares of company stock worth $23,703,427 over the last three months. 28.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Vicor

Large investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. raised its holdings in shares of Vicor by 133.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 7,639 shares of the electronics maker’s stock valued at $2,901,000 after buying an additional 4,360 shares during the period. Tidal Investments LLC raised its holdings in shares of Vicor by 87.8% during the 2nd quarter. Tidal Investments LLC now owns 82,874 shares of the electronics maker’s stock valued at $31,474,000 after buying an additional 38,756 shares during the period. IPG Investment Advisors LLC purchased a new stake in shares of Vicor during the 2nd quarter valued at about $366,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Vicor during the 2nd quarter valued at about $757,000. Finally, Baird Financial Group Inc. purchased a new stake in shares of Vicor during the 2nd quarter valued at about $863,000. Institutional investors and hedge funds own 47.45% of the company’s stock.

About Vicor

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.