Vicor (NASDAQ:VICR) Shares Gap Up – Here’s Why

Vicor Corporation (NASDAQ:VICR) gapped up before the market opened on Monday. The stock had previously closed at $266.07, but opened at $274.45. Vicor shares last traded at $256.5220, with a volume of 125,511 shares.

Analyst Ratings Changes

VICR has been the topic of several recent analyst reports. Roth Capital reissued a “buy” rating and set a $375.00 target price on shares of Vicor in a research note on Tuesday, September 22nd. Craig Hallum raised their target price on Vicor to $450.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Weiss Ratings cut Vicor from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, September 18th. Needham & Company LLC lifted their price target on Vicor from $320.00 to $350.00 and gave the company a “buy” rating in a report on Thursday, October 1st. Finally, Wall Street Zen raised Vicor from a “hold” rating to a “buy” rating in a research report on Saturday. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $391.67.

Vicor Price Performance

The firm’s fifty day moving average is $229.30 and its 200 day moving average is $248.60. The firm has a market capitalization of $12.32 billion, a price-to-earnings ratio of 85.65 and a beta of 2.37.

Vicor (NASDAQ:VICR) last released its quarterly earnings data on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share 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 firm had revenue of $143.35 million for the quarter, compared to analyst estimates of $138.37 million. During the same quarter in the prior year, the business earned $0.91 EPS. The company’s revenue for the quarter was up 49.3% compared to the same quarter last year. Equities research analysts forecast that Vicor Corporation will post 4.07 EPS for the current fiscal year.

Insider Activity

In related news, VP Philip D. Davies sold 3,073 shares of Vicor stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $177.70, for a total transaction of $546,072.10. Following the completion of the sale, the vice president owned 1,920 shares of the company’s stock, valued at approximately $341,184. This trade represents a 61.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Zmira Lavie sold 908 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $250.00, for a total value of $227,000.00. Following the completion of the transaction, the director owned 908 shares in the company, valued at $227,000. This trade represents a 50.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 27,053 shares of company stock worth $7,745,984 in the last ninety days. Corporate insiders own 28.30% of the company’s stock.

Institutional Investors Weigh In On Vicor

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. GoalVest Advisory LLC raised its stake in shares of Vicor by 23.5% in the second quarter. GoalVest Advisory LLC now owns 321 shares of the electronics maker’s stock valued at $122,000 after acquiring an additional 61 shares during the last quarter. Carolina Wealth Advisors LLC boosted its holdings in shares of Vicor by 70.9% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 147 shares of the electronics maker’s stock worth $56,000 after acquiring an additional 61 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Vicor by 1.2% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,692 shares of the electronics maker’s stock worth $916,000 after acquiring an additional 68 shares during the last quarter. First PREMIER Bank grew its position in Vicor by 20.0% during the 2nd quarter. First PREMIER Bank now owns 600 shares of the electronics maker’s stock worth $228,000 after acquiring an additional 100 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in Vicor by 28.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 465 shares of the electronics maker’s stock worth $75,000 after acquiring an additional 103 shares during the last quarter. 47.45% of the stock is owned by hedge funds and other institutional investors.

About Vicor

Vicor Corporation (NASDAQ:VICR) designs, develops, manufactures and markets modular power-conversion products and systems. Its technologies are used to convert, regulate and distribute electrical power in electronic equipment, with an emphasis on compact, efficient and scalable power-delivery architectures.

The company’s product portfolio includes AC-to-DC and DC-to-DC converters, power modules, power systems and related components. Vicor’s Factorized Power Architecture and associated products are designed to support power delivery from the source to processors, memory, communications equipment and other demanding loads.

Founded in 1981 and headquartered in Andover, Massachusetts, Vicor serves customers and markets worldwide.