Vicor (NASDAQ:VICR) Stock Price Up 9.2% – Still a Buy?

Vicor Corporation (NASDAQ:VICR)’s share price was up 9.2% during mid-day trading on Tuesday . The company traded as high as $185.98 and last traded at $187.6770. Approximately 533,441 shares changed hands during trading, a decline of 20% from the average daily volume of 669,019 shares. The stock had previously closed at $171.80.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on VICR shares. Roth Mkm reissued a “buy” rating and issued a $175.00 price target on shares of Vicor in a research report on Thursday, January 22nd. Zacks Research upgraded shares of Vicor to a “hold” rating in a research note on Tuesday, December 16th. Wall Street Zen lowered shares of Vicor from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 23rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Vicor in a report on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Vicor presently has a consensus rating of “Moderate Buy” and an average target price of $118.33.

Vicor Trading Up 9.5%

The firm has a fifty day simple moving average of $141.43 and a 200 day simple moving average of $93.99. The stock has a market cap of $8.40 billion, a price-to-earnings ratio of 71.91 and a beta of 1.90.

Vicor (NASDAQ:VICR) last announced its quarterly earnings data on Thursday, February 19th. The electronics maker reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.63. The company had revenue of $107.26 million for the quarter, compared to analyst estimates of $107.78 million. Vicor had a return on equity of 18.73% and a net margin of 26.19%.Vicor’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.23 EPS.

Insider Transactions at Vicor

In other news, VP Claudio Tuozzolo sold 4,469 shares of Vicor stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $174.60, for a total transaction of $780,287.40. Following the sale, the vice president directly owned 29,153 shares in the company, valued at approximately $5,090,113.80. The trade was a 13.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Patrizio Vinciarelli sold 20,000 shares of the stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $103.02, for a total value of $2,060,400.00. Following the completion of the transaction, the chief executive officer directly owned 9,808,363 shares of the company’s stock, valued at approximately $1,010,457,556.26. The trade was a 0.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 133,204 shares of company stock valued at $14,743,703. Company insiders own 31.30% of the company’s stock.

Institutional Investors Weigh In On Vicor

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Vicor by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 2,534,534 shares of the electronics maker’s stock valued at $277,785,000 after acquiring an additional 60,963 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Vicor by 4.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 578,515 shares of the electronics maker’s stock worth $28,759,000 after buying an additional 25,393 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Vicor by 1,542.2% in 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 buying an additional 413,038 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Vicor by 3,918.9% in 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 buying an additional 421,435 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Vicor by 39.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 374,088 shares of the electronics maker’s stock valued at $41,000,000 after buying an additional 106,206 shares during the period. 47.45% of the stock is 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.