Vicor (NASDAQ:VICR) Reaches New 52-Week High – Should You Buy?

Vicor Corporation (NASDAQ:VICR)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $162.08 and last traded at $157.40, with a volume of 748204 shares changing hands. The stock had previously closed at $149.88.

Analyst Upgrades and Downgrades

VICR has been the subject of several research analyst reports. Craig Hallum upgraded Vicor from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a report on Wednesday, October 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Vicor in a research note on Wednesday. Roth Mkm reissued a “buy” rating and set a $175.00 price objective on shares of Vicor in a report on Thursday. Wall Street Zen downgraded shares of Vicor from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 23rd. Finally, Needham & Company LLC set a $90.00 target price on shares of Vicor and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Vicor presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.33.

Vicor Stock Up 2.9%

The firm has a market capitalization of $7.45 billion, a PE ratio of 91.14 and a beta of 1.90. The stock’s fifty day simple moving average is $111.25 and its 200 day simple moving average is $75.97.

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

Insiders Place Their Bets

In other Vicor news, CFO James F. Schmidt sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $110.00, for a total transaction of $550,000.00. Following the sale, the chief financial officer owned 875 shares in the company, valued at approximately $96,250. This trade represents a 85.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Patrizio Vinciarelli sold 1,883 shares of Vicor stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $114.36, for a total transaction of $215,339.88. Following the transaction, the chief executive officer directly owned 9,708,163 shares in the company, valued at $1,110,225,520.68. This represents a 0.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 168,648 shares of company stock worth $17,505,431 over the last quarter. 31.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. GoalVest Advisory LLC bought a new stake in Vicor during the fourth quarter valued at about $57,000. Nisa Investment Advisors LLC raised its stake in Vicor by 53.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker’s stock valued at $30,000 after purchasing an additional 210 shares during the period. Exchange Traded Concepts LLC bought a new stake in Vicor during the 4th quarter valued at approximately $102,000. PNC Financial Services Group Inc. lifted its holdings in Vicor by 13.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,129 shares of the electronics maker’s stock worth $56,000 after purchasing an additional 136 shares in the last quarter. Finally, Strs Ohio bought a new position in Vicor in the 1st quarter worth approximately $56,000. Hedge funds and other institutional investors 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.