Vicor Corporation (NASDAQ:VICR) Stock Rated “Buy” by Sell-Side Brokerages

Shares of Vicor Corporation (NASDAQ:VICR) have received a consensus recommendation of “Buy” from the five ratings firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $391.67.

Several research firms recently commented on VICR. Zacks Research upgraded Vicor from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 1st. Roth Capital reaffirmed a “buy” rating and issued a $375.00 price target on shares of Vicor in a report on Tuesday, September 22nd. Needham & Company LLC raised their price target on Vicor from $320.00 to $350.00 and gave the company a “buy” rating in a report on Thursday, October 1st. Weiss Ratings downgraded Vicor from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, September 18th. Finally, Craig Hallum boosted their price objective on Vicor to $450.00 and gave the stock a “buy” rating in a report on Monday, June 22nd.

Insider Activity at Vicor

In other Vicor news, VP Philip D. Davies sold 3,073 shares of the business’s stock in a transaction that occurred 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 transaction, the vice president owned 1,920 shares of the company’s stock, valued at $341,184. The trade was a 61.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Zmira Lavie sold 908 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was 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 represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 27,053 shares of company stock valued at $7,745,984 over the last three months. 28.30% of the stock is owned by corporate insiders.

Institutional Trading of Vicor

A number of hedge funds have recently made changes to their positions in the stock. GoalVest Advisory LLC grew its holdings in shares of Vicor by 23.5% during the 2nd quarter. GoalVest Advisory LLC now owns 321 shares of the electronics maker’s stock valued at $122,000 after purchasing an additional 61 shares during the last quarter. Carolina Wealth Advisors LLC raised its position in Vicor by 70.9% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 147 shares of the electronics maker’s stock worth $56,000 after purchasing an additional 61 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Vicor by 1.2% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,692 shares of the electronics maker’s stock worth $916,000 after purchasing an additional 68 shares during the last quarter. First PREMIER Bank lifted its stake in Vicor by 20.0% in the second quarter. First PREMIER Bank now owns 600 shares of the electronics maker’s stock worth $228,000 after purchasing an additional 100 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Vicor by 28.5% in the first quarter. EverSource Wealth Advisors LLC now owns 465 shares of the electronics maker’s stock worth $75,000 after purchasing an additional 103 shares during the last quarter. 47.45% of the stock is owned by institutional investors.

Vicor Price Performance

VICR opened at $191.50 on Wednesday. The company has a fifty day moving average price of $229.26 and a 200-day moving average price of $250.04. The firm has a market capitalization of $8.83 billion, a P/E ratio of 61.38 and a beta of 2.37. Vicor has a one year low of $57.00 and a one year high of $382.65.

Vicor (NASDAQ:VICR) last released its quarterly earnings results on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.39. The firm had revenue of $143.35 million for 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 business’s quarterly revenue was up 49.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.91 earnings per share. On average, analysts expect that Vicor will post 4.07 earnings per share for the current year.

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.