Vicor’s (VICR) “Buy” Rating Reiterated at Roth Capital

Roth Capital reaffirmed their buy rating on shares of Vicor (NASDAQ:VICR) in a report issued on Tuesday morning,Benzinga reports. They currently have a $375.00 price objective on the electronics maker’s stock.

Several other brokerages have also recently issued reports on VICR. Craig Hallum lifted their price objective on Vicor to $450.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Zacks Research lowered shares of Vicor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 2nd. Weiss Ratings downgraded shares of Vicor from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, September 18th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $320.00 price target on shares of Vicor in a report on Tuesday. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $381.67.

Vicor Trading Down 2.5%

Shares of NASDAQ VICR opened at $276.06 on Tuesday. The stock has a market cap of $12.73 billion, a P/E ratio of 88.48 and a beta of 2.35. Vicor has a 12-month low of $47.56 and a 12-month high of $382.65. The business’s fifty day simple moving average is $210.73 and its 200-day simple moving average is $238.93.

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

Insider Transactions at Vicor

In related news, VP Philip D. Davies sold 3,073 shares of Vicor 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 $341,184. This trade represents a 61.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Zmira Lavie sold 908 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $250.00, for a total transaction of $227,000.00. Following the completion of the sale, the director directly owned 908 shares of the company’s stock, valued at approximately $227,000. This trade represents a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 70,826 shares of company stock worth $23,703,427. 28.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Vicor

Several hedge funds have recently made changes to their positions in VICR. BlackRock Inc. purchased a new position in Vicor during the 2nd quarter worth $934,612,000. Maxi Investments CY Ltd purchased a new stake in shares of Vicor in the second quarter valued at about $2,089,000. Jupiter Topco LLC acquired a new stake in shares of Vicor during the second quarter worth about $3,934,000. The Manufacturers Life Insurance Company boosted its stake in shares of Vicor by 39.6% during the first quarter. The Manufacturers Life Insurance Company now owns 603,364 shares of the electronics maker’s stock worth $97,142,000 after buying an additional 171,175 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in shares of Vicor by 363.7% during the first quarter. Renaissance Technologies LLC now owns 47,300 shares of the electronics maker’s stock worth $7,615,000 after buying an additional 37,100 shares during the last quarter. Hedge funds and other institutional investors own 47.45% of the company’s stock.

Vicor Company Profile

Vicor Corporation (NASDAQ: VICR) designs, manufactures and markets modular power components and power systems. The company’s products are used to convert, regulate and distribute electrical power in electronic systems, with an emphasis on high-density, efficient and scalable power-conversion technology.

Its portfolio includes AC-to-DC and DC-to-DC power modules, bus converters, point-of-load regulators, power accessories and complete power systems. Vicor’s Factorized Power Architecture separates power conversion, transformation and regulation functions to help customers address power-density, thermal-management and system-design requirements.

Vicor serves customers in markets including data centers and communications infrastructure, automotive and transportation, aerospace and defense, industrial equipment, and other high-performance electronics applications.