Vicor (NASDAQ:VICR) Sets New 12-Month High – Time to Buy?

Vicor Corporation (NASDAQ:VICR) shares hit a new 52-week high on Monday . The company traded as high as $300.00 and last traded at $297.5920, with a volume of 326112 shares changing hands. The stock had previously closed at $256.47.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on VICR shares. Wall Street Zen lowered shares of Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Needham & Company LLC lifted their price target on shares of Vicor from $180.00 to $260.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Zacks Research raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vicor in a research note on Wednesday, January 21st. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $245.00 price target on shares of Vicor in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $198.33.

Vicor Stock Up 19.4%

The firm has a market capitalization of $13.90 billion, a price-to-earnings ratio of 101.91 and a beta of 2.33. The stock’s fifty day moving average is $199.16 and its two-hundred day moving average is $147.20.

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

Insider Activity at Vicor

In other Vicor news, CEO Patrizio Vinciarelli sold 50,000 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $201.54, for a total value of $10,077,000.00. Following the transaction, the chief executive officer directly owned 9,608,163 shares in the company, valued at $1,936,429,171.02. The trade was a 0.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 716,070 shares of company stock valued at $135,619,356 in the last 90 days. 31.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Vicor

Several institutional investors and hedge funds have recently modified their holdings of VICR. Federated Hermes Inc. acquired a new position in shares of Vicor in the fourth quarter valued at about $27,000. Blue Trust Inc. grew its stake in Vicor by 1,814.3% during the first quarter. Blue Trust Inc. now owns 268 shares of the electronics maker’s stock worth $43,000 after buying an additional 254 shares in the last quarter. ROSS JOHNSON & Associates LLC grew its stake in Vicor by 13,750.0% during the first quarter. ROSS JOHNSON & Associates LLC now owns 277 shares of the electronics maker’s stock worth $45,000 after buying an additional 275 shares in the last quarter. Harbour Investments Inc. acquired a new stake in Vicor during the fourth quarter worth about $32,000. Finally, Meeder Asset Management Inc. lifted its holdings in shares of Vicor by 189.4% in the first quarter. Meeder Asset Management Inc. now owns 301 shares of the electronics maker’s stock worth $48,000 after acquiring an additional 197 shares during the last quarter. 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.