Analysts Set Vicor Corporation (NASDAQ:VICR) Target Price at $228.33

Vicor Corporation (NASDAQ:VICR) has been assigned an average rating of “Buy” from the five analysts that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $228.3333.

A number of research firms recently commented on VICR. Needham & Company LLC lifted their target price on shares of Vicor from $260.00 to $350.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Wall Street Zen cut shares of Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Vicor in a research note on Monday, June 1st. Zacks Research upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Finally, Roth Mkm reiterated a “buy” rating and issued a $245.00 target price on shares of Vicor in a research note on Monday, April 20th.

Vicor Stock Up 1.5%

VICR stock opened at $325.17 on Thursday. The firm has a 50 day moving average of $268.96 and a 200 day moving average of $190.09. The stock has a market capitalization of $14.82 billion, a PE ratio of 108.75 and a beta of 2.36. Vicor has a 52 week low of $41.76 and a 52 week high of $361.89.

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

Insider Buying and Selling at Vicor

In other Vicor news, VP Claudio Tuozzolo sold 730 shares of Vicor stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $292.89, for a total transaction of $213,809.70. Following the completion of the sale, the vice president directly owned 13,240 shares in the company, valued at approximately $3,877,863.60. The trade was a 5.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Patrizio Vinciarelli sold 20,000 shares of Vicor stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $318.65, for a total transaction of $6,373,000.00. Following the sale, the chief executive officer owned 8,588,090 shares of the company’s stock, valued at approximately $2,736,594,878.50. The trade was a 0.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 494,175 shares of company stock worth $119,770,174. Corporate insiders own 28.30% of the company’s stock.

Institutional Trading of Vicor

Several institutional investors and hedge funds have recently bought and sold shares of VICR. The Manufacturers Life Insurance Company lifted its stake in Vicor by 3,918.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 432,189 shares of the electronics maker’s stock valued at $47,368,000 after acquiring an additional 421,435 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Vicor by 1,542.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 439,820 shares of the electronics maker’s stock valued at $48,205,000 after acquiring an additional 413,038 shares during the period. Millennium Management LLC lifted its stake in Vicor by 4,634.5% during the 1st quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock valued at $12,379,000 after acquiring an additional 259,022 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in Vicor by 1,921.4% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 267,882 shares of the electronics maker’s stock valued at $13,319,000 after acquiring an additional 254,630 shares during the period. Finally, CIBC Bancorp USA Inc. acquired a new stake in Vicor during the 3rd quarter valued at approximately $12,625,000. 47.45% of the stock is currently 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.