Vicor Corporation (NASDAQ:VICR) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Vicor Corporation (NASDAQ:VICR) has earned an average recommendation of “Moderate Buy” from the five ratings firms that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $381.67.

A number of equities analysts have recently commented on the stock. Zacks Research downgraded shares of Vicor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 2nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $320.00 target price on shares of Vicor in a research report on Tuesday. Roth Capital reiterated a “buy” rating and set a $375.00 target price on shares of Vicor in a report on Tuesday. Craig Hallum increased their price target on Vicor to $450.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Finally, Weiss Ratings downgraded Vicor from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, September 18th.

Insider Activity

In other Vicor news, VP Philip D. Davies sold 3,073 shares of the stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $177.70, for a total value of $546,072.10. Following the completion of the sale, the vice president owned 1,920 shares in the company, valued at $341,184. This trade represents a 61.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Zmira Lavie sold 908 shares of Vicor stock in a transaction dated 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 transaction, 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 position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 70,826 shares of company stock valued at $23,703,427. 28.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Vicor

Several hedge funds have recently bought and sold shares of the company. Harbour Investments Inc. acquired a new position in Vicor during the fourth quarter worth approximately $32,000. Allworth Financial LP lifted its position in shares of Vicor by 960.0% in the fourth quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock valued at $35,000 after buying an additional 288 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Vicor by 1,814.3% during the 1st quarter. Blue Trust Inc. now owns 268 shares of the electronics maker’s stock worth $43,000 after acquiring an additional 254 shares during the period. ROSS JOHNSON & Associates LLC boosted its stake in shares of Vicor by 13,750.0% during the 1st quarter. ROSS JOHNSON & Associates LLC now owns 277 shares of the electronics maker’s stock worth $45,000 after acquiring an additional 275 shares during the period. Finally, Meeder Asset Management Inc. increased its holdings in shares of Vicor by 189.4% during the 1st quarter. Meeder Asset Management Inc. now owns 301 shares of the electronics maker’s stock worth $48,000 after acquiring an additional 197 shares during the last quarter. 47.45% of the stock is currently owned by institutional investors and hedge funds.

Vicor Stock Up 2.1%

Shares of VICR stock opened at $281.96 on Friday. The company’s fifty day simple moving average is $211.62 and its 200-day simple moving average is $239.23. The firm has a market cap of $13.00 billion, a PE ratio of 90.37 and a beta of 2.35. Vicor has a 12 month low of $47.56 and a 12 month high of $382.65.

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

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.