Vicor (NASDAQ:VICR) Stock Price Expected to Rise, Needham & Company LLC Analyst Says

Vicor (NASDAQ:VICR) had its price objective boosted by analysts at Needham & Company LLC from $320.00 to $350.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the electronics maker’s stock. Needham & Company LLC’s price target indicates a potential upside of 21.13% from the stock’s previous close.

Several other equities research analysts have also weighed in on the company. Zacks Research lowered Vicor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 2nd. Roth Capital reaffirmed a “buy” rating and set a $375.00 target price on shares of Vicor in a research report on Tuesday, September 22nd. Weiss Ratings downgraded Vicor from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, September 18th. Finally, Craig Hallum lifted their price target on Vicor to $450.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Vicor currently has a consensus rating of “Moderate Buy” and a consensus price target of $391.67.

Vicor Price Performance

NASDAQ VICR opened at $288.94 on Thursday. Vicor has a 12 month low of $48.53 and a 12 month high of $382.65. The company has a market capitalization of $13.32 billion, a P/E ratio of 92.61 and a beta of 2.35. The company’s 50 day simple moving average is $215.66 and its 200 day simple moving average is $242.12.

Vicor (NASDAQ:VICR) last issued its earnings results on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.39. The firm had revenue of $143.35 million during the quarter, compared to analysts’ expectations of $138.37 million. Vicor had a net margin of 30.65% and a return on equity of 19.83%. The firm’s revenue for the quarter was up 49.3% compared to the same quarter last year. During the same period last year, the firm posted $0.91 earnings per share. On average, analysts anticipate that Vicor will post 3.64 earnings per share for the current year.

Insider Buying and Selling

In other Vicor news, CEO Patrizio Vinciarelli sold 700 shares of Vicor stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $302.40, for a total transaction of $211,680.00. Following the transaction, the chief executive officer directly owned 8,347,390 shares in the company, valued at approximately $2,524,250,736. The trade was a 0.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Philip Davies sold 3,073 shares of the business’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $177.70, for a total transaction of $546,072.10. Following the sale, the vice president directly owned 1,920 shares in the company, valued at approximately $341,184. This trade represents a 61.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 7,753 shares of company stock valued at $1,635,064. Company insiders own 28.30% of the company’s stock.

Institutional Investors Weigh In On Vicor

Hedge funds have recently bought and sold shares of the business. BlackRock Inc. purchased a new position in Vicor during the 2nd quarter valued at about $934,612,000. Maxi Investments CY Ltd purchased a new stake in shares of Vicor in the second quarter worth approximately $2,089,000. Jupiter Topco LLC acquired a new stake in shares of Vicor during the second quarter worth approximately $3,934,000. The Manufacturers Life Insurance Company grew its position in Vicor by 39.6% during the first quarter. The Manufacturers Life Insurance Company now owns 603,364 shares of the electronics maker’s stock valued at $97,142,000 after purchasing an additional 171,175 shares in the last quarter. Finally, Andar Capital Management HK Ltd purchased a new position in shares of Vicor during the 2nd quarter valued at $38,396,000. 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.