Vicor (NASDAQ:VICR) Hits New 12-Month High – What’s Next?

Vicor Corporation (NASDAQ:VICR) hit a new 52-week high on Wednesday . The stock traded as high as $334.62 and last traded at $332.95, with a volume of 1586277 shares traded. The stock had previously closed at $267.99.

Analysts Set New Price Targets

VICR has been the topic of several analyst reports. Wall Street Zen lowered Vicor from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Needham & Company LLC reaffirmed a “buy” rating and issued a $350.00 target price on shares of Vicor in a research report on Tuesday. Zacks Research raised Vicor from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $245.00 target price on shares of Vicor in a research report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Vicor currently has a consensus rating of “Buy” and an average target price of $228.33.

Vicor Stock Up 24.2%

The company has a market cap of $15.18 billion, a P/E ratio of 111.35 and a beta of 2.33. The company has a 50 day moving average price of $223.18 and a 200-day moving average price of $164.85.

Vicor (NASDAQ:VICR) last released its quarterly earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.04. Vicor had a return on equity of 20.21% and a net margin of 28.98%.The company had revenue of $112.97 million during the quarter, compared to analysts’ expectations of $109.05 million. During the same quarter in the prior year, the business posted $0.06 earnings per share. The company’s revenue for the quarter was up 20.2% compared to the same quarter last year. On average, research analysts expect that Vicor Corporation will post 2.71 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Patrizio Vinciarelli sold 50,000 shares of the stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $177.25, for a total value of $8,862,500.00. Following the completion of the transaction, the chief executive officer owned 9,408,163 shares of the company’s stock, valued at approximately $1,667,596,891.75. This represents a 0.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders sold a total of 718,159 shares of company stock valued at $140,065,575 over the last ninety days. Corporate insiders own 31.30% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Vicor by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 2,534,534 shares of the electronics maker’s stock valued at $277,785,000 after buying an additional 60,963 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake 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 valued at $97,142,000 after buying an additional 171,175 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Vicor by 4.6% during the third quarter. Dimensional Fund Advisors LP now owns 578,515 shares of the electronics maker’s stock valued at $28,759,000 after buying an additional 25,393 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Vicor by 43.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 536,274 shares of the electronics maker’s stock valued at $86,340,000 after buying an additional 162,186 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in Vicor by 1,542.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 439,820 shares of the electronics maker’s stock valued at $48,205,000 after buying an additional 413,038 shares in the last quarter. Institutional investors own 47.45% of the company’s stock.

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.