Vicor (NASDAQ:VICR) Shares Gap Up – Should You Buy?

Vicor Corporation (NASDAQ:VICR) shares gapped up prior to trading on Tuesday . The stock had previously closed at $267.99, but opened at $296.45. Vicor shares last traded at $300.85, with a volume of 242,290 shares traded.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on VICR. Zacks Research raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Wall Street Zen cut Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Needham & Company LLC lifted their target price on Vicor from $260.00 to $350.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Roth Mkm restated a “buy” rating and issued a $245.00 target price on shares of Vicor in a report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $228.33.

Vicor Stock Down 0.9%

The firm’s 50-day moving average price is $226.39 and its two-hundred day moving average price is $166.66. The firm has a market capitalization of $15.63 billion, a PE ratio of 114.66 and a beta of 2.33.

Vicor (NASDAQ:VICR) last released its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.04. The business had revenue of $112.97 million for 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 firm’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same period last year, the firm posted $0.06 earnings per share. Equities research analysts forecast that Vicor Corporation will post 2.71 EPS for the current year.

Insider Buying and Selling at Vicor

In other news, CEO Patrizio Vinciarelli sold 50,000 shares of Vicor stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $177.25, for a total value of $8,862,500.00. Following the transaction, the chief executive officer directly owned 9,408,163 shares of the company’s stock, valued at $1,667,596,891.75. This trade represents a 0.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold 722,386 shares of company stock valued at $141,890,435 over the last quarter. Company insiders own 31.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Federated Hermes Inc. purchased a new position in Vicor during the fourth quarter valued at approximately $27,000. Blue Trust Inc. grew its position in Vicor by 1,814.3% during 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 in the last quarter. ROSS JOHNSON & Associates LLC grew its position in Vicor by 13,750.0% during the first quarter. ROSS JOHNSON & Associates LLC now owns 277 shares of the electronics maker’s stock valued at $45,000 after purchasing an additional 275 shares in the last quarter. Harbour Investments Inc. purchased a new position in Vicor during the fourth quarter valued at approximately $32,000. Finally, Meeder Asset Management Inc. grew its position in Vicor by 189.4% during the first quarter. Meeder Asset Management Inc. now owns 301 shares of the electronics maker’s stock valued at $48,000 after purchasing an additional 197 shares in the last quarter. 47.45% of the stock is owned by hedge funds and other institutional investors.

Vicor Company Profile

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.