Vicor (NASDAQ:VICR) Trading 7.4% Higher – What’s Next?

Shares of Vicor Corporation (NASDAQ:VICR) traded up 7.4% during trading on Monday . The company traded as high as $189.62 and last traded at $185.39. 219,172 shares were traded during trading, a decline of 69% from the average session volume of 716,686 shares. The stock had previously closed at $172.57.

Analysts Set New Price Targets

Several brokerages recently commented on VICR. Wall Street Zen downgraded shares of Vicor from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Vicor in a research note on Wednesday, January 21st. Roth Mkm reiterated a “buy” rating and issued a $175.00 price target on shares of Vicor in a research report on Thursday, January 22nd. Finally, Zacks Research upgraded Vicor from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. One 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 stock. According to MarketBeat.com, Vicor currently has a consensus rating of “Buy” and an average price target of $118.33.

Vicor Price Performance

The company has a 50-day moving average of $163.76 and a 200 day moving average of $107.65. The company has a market cap of $8.21 billion, a PE ratio of 70.44 and a beta of 1.83.

Vicor (NASDAQ:VICR) last posted its earnings results on Thursday, February 19th. The electronics maker reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.63. The company had revenue of $362.70 million during the quarter, compared to analysts’ expectations of $107.78 million. Vicor had a net margin of 26.19% and a return on equity of 18.73%. Vicor’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.23 earnings per share.

Insider Activity at Vicor

In other news, CFO James F. Schmidt sold 15,500 shares of the stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $177.19, for a total value of $2,746,445.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Sean Crilly sold 1,640 shares of the stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $180.32, for a total transaction of $295,724.80. Following the completion of the transaction, the vice president owned 9,729 shares in the company, valued at $1,754,333.28. This represents a 14.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 411,267 shares of company stock worth $65,829,133 over the last quarter. 31.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Vicor

Institutional investors have recently added to or reduced their stakes in the stock. ProShare Advisors LLC increased its stake in Vicor by 1.7% in the 4th quarter. ProShare Advisors LLC now owns 4,469 shares of the electronics maker’s stock valued at $490,000 after buying an additional 74 shares during the period. Bouvel Investment Partners LLC increased its position in Vicor by 0.4% during the 4th quarter. Bouvel Investment Partners LLC now owns 24,183 shares of the electronics maker’s stock worth $2,650,000 after purchasing an additional 85 shares during the period. Oregon Public Employees Retirement Fund raised its stake in shares of Vicor by 1.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,238 shares of the electronics maker’s stock worth $574,000 after buying an additional 90 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Vicor by 13.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,129 shares of the electronics maker’s stock valued at $56,000 after buying an additional 136 shares during the period. Finally, Truist Financial Corp grew its holdings in Vicor by 2.1% during the fourth quarter. Truist Financial Corp now owns 6,940 shares of the electronics maker’s stock worth $761,000 after acquiring an additional 140 shares during the period. Institutional investors and hedge funds 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.