Vicor (NASDAQ:VICR) Given New $400.00 Price Target at Needham & Company LLC

Vicor (NASDAQ:VICR) had its price target raised by equities research analysts at Needham & Company LLC to $400.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the electronics maker’s stock. Needham & Company LLC’s price objective points to a potential upside of 20.71% from the company’s current price.

A number of other brokerages have also recently issued reports on VICR. Roth Mkm reiterated a “buy” rating and set a $245.00 price objective on shares of Vicor in a report on Monday, April 20th. Weiss Ratings restated a “hold (c+)” rating on shares of Vicor in a report on Monday, June 1st. Zacks Research raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Finally, Wall Street Zen lowered Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. 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 company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $245.00.

Vicor Stock Performance

Vicor stock opened at $331.37 on Monday. The firm has a market cap of $15.10 billion, a price-to-earnings ratio of 110.83 and a beta of 2.36. Vicor has a 52-week low of $41.76 and a 52-week high of $361.89. The firm has a 50 day moving average price of $275.42 and a two-hundred day moving average price of $193.50.

Vicor (NASDAQ:VICR) last posted its quarterly earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.04. The business had revenue of $112.97 million during the quarter, compared to the consensus estimate of $109.05 million. Vicor had a net margin of 28.98% and a return on equity of 20.21%. Vicor’s revenue was up 20.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.06 EPS. As a group, equities research analysts predict that Vicor will post 2.71 EPS for the current fiscal year.

Insider Activity at Vicor

In related news, CEO Patrizio Vinciarelli sold 50,000 shares of Vicor stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $193.21, for a total value of $9,660,500.00. Following the completion of the sale, the chief executive officer owned 8,895,090 shares of the company’s stock, valued at approximately $1,718,620,338.90. This trade represents a 0.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 470,099 shares of company stock worth $118,433,183. 28.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of VICR. Federated Hermes Inc. bought a new stake in Vicor during the 4th quarter valued at $27,000. Harbour Investments Inc. bought a new position in shares of Vicor in the fourth quarter worth $32,000. Allworth Financial LP boosted its holdings in shares of Vicor by 960.0% in the fourth quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock worth $35,000 after acquiring an additional 288 shares during the period. NBC Securities Inc. purchased a new position in shares of Vicor in the fourth quarter valued at $36,000. Finally, SBI Securities Co. Ltd. raised its stake in shares of Vicor by 32,400.0% during the 4th quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker’s stock valued at $36,000 after purchasing an additional 324 shares during the period. 47.45% of the stock is currently owned by hedge funds and other institutional investors.

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.