Vicor (NASDAQ:VICR) Shares Up 7.5% – What’s Next?

Vicor Corporation (NASDAQ:VICR)’s share price traded up 7.5% during mid-day trading on Friday . The company traded as high as $115.00 and last traded at $117.8520. 33,231 shares changed hands during trading, a decline of 92% from the average session volume of 396,030 shares. The stock had previously closed at $109.60.

Analyst Ratings Changes

Several research firms recently issued reports on VICR. Zacks Research raised Vicor to a “hold” rating in a research report on Tuesday, December 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Vicor in a report on Wednesday, October 8th. Wall Street Zen cut Vicor from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 23rd. Craig Hallum upgraded shares of Vicor from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a report on Wednesday, October 22nd. Finally, Needham & Company LLC set a $90.00 price target on shares of Vicor and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Vicor currently has an average rating of “Moderate Buy” and an average target price of $98.33.

Vicor Stock Performance

The firm has a market cap of $5.25 billion, a price-to-earnings ratio of 64.33 and a beta of 1.90. The business’s 50 day moving average price is $95.30 and its 200 day moving average price is $65.70.

Vicor (NASDAQ:VICR) last announced its quarterly earnings results on Tuesday, October 21st. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.43. Vicor had a net margin of 18.63% and a return on equity of 13.77%. The firm had revenue of $110.42 million for the quarter, compared to the consensus estimate of $95.40 million. During the same period in the prior year, the firm posted $0.26 earnings per share. The firm’s quarterly revenue was up 18.5% compared to the same quarter last year.

Insider Buying and Selling

In other news, Director Andrew D’amico sold 14,677 shares of the stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $82.53, for a total transaction of $1,211,292.81. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Patrizio Vinciarelli sold 20,000 shares of Vicor stock in a transaction on Friday, December 19th. The shares were sold at an average price of $103.02, for a total transaction of $2,060,400.00. Following the completion of the sale, the chief executive officer directly owned 9,808,363 shares in the company, valued at $1,010,457,556.26. This represents a 0.20% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 276,862 shares of company stock worth $27,041,314 in the last ninety days. 31.30% of the stock is owned by corporate insiders.

Institutional Trading of Vicor

Several institutional investors have recently modified their holdings of the stock. CIBC Bancorp USA Inc. acquired a new position in shares of Vicor during the 3rd quarter worth about $12,625,000. Jacobs Levy Equity Management Inc. raised its holdings in shares of Vicor by 188.1% during the third quarter. Jacobs Levy Equity Management Inc. now owns 85,725 shares of the electronics maker’s stock valued at $4,262,000 after acquiring an additional 55,971 shares during the last quarter. Kestra Private Wealth Services LLC purchased a new position in shares of Vicor in the third quarter valued at approximately $375,000. Dark Forest Capital Management LP boosted its stake in shares of Vicor by 108.0% in the third quarter. Dark Forest Capital Management LP now owns 80,185 shares of the electronics maker’s stock worth $3,987,000 after acquiring an additional 41,641 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new stake in shares of Vicor in the third quarter worth approximately $218,000. Institutional investors and hedge funds 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.