Vicor (NASDAQ:VICR) Sets New 12-Month High – What’s Next?

Vicor Corporation (NASDAQ:VICR) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $103.30 and last traded at $103.0860, with a volume of 202288 shares changing hands. The stock had previously closed at $98.29.

Wall Street Analyst Weigh In

A number of equities analysts have commented on VICR shares. Weiss Ratings reissued a “hold (c)” rating on shares of Vicor in a report on Wednesday, October 8th. Roth Capital began coverage on shares of Vicor in a research report on Tuesday. They issued a “buy” rating and a $115.00 target price for the company. Zacks Research raised shares of Vicor to a “hold” rating in a research note on Tuesday. Wall Street Zen cut Vicor from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 23rd. Finally, Craig Hallum upgraded Vicor from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a research report on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $98.33.

Vicor Stock Performance

The company has a 50 day moving average price of $86.02 and a 200 day moving average price of $61.19. The firm has a market cap of $4.66 billion, a price-to-earnings ratio of 57.09 and a beta of 1.94.

Vicor (NASDAQ:VICR) last announced its quarterly earnings results on Tuesday, October 21st. The electronics maker reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.43. The business had revenue of $110.42 million during the quarter, compared to analysts’ expectations of $95.40 million. Vicor had a net margin of 18.63% and a return on equity of 13.77%. The business’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same period last year, the business earned $0.26 earnings per share.

Insider Buying and Selling at Vicor

In related news, VP Alex Gusinov sold 3,844 shares of Vicor stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $97.31, for a total value of $374,059.64. Following the completion of the transaction, the vice president owned 10,340 shares in the company, valued at approximately $1,006,185.40. The trade was a 27.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Andrew D’amico sold 2,000 shares of the business’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $87.69, for a total transaction of $175,380.00. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 172,791 shares of company stock valued at $15,776,939. Corporate insiders own 31.30% of the company’s stock.

Institutional Trading of Vicor

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. CIBC Bancorp USA Inc. purchased a new position in shares of Vicor in the 3rd quarter valued at $12,625,000. Jacobs Levy Equity Management Inc. increased its position in shares of Vicor by 188.1% during the third quarter. Jacobs Levy Equity Management Inc. now owns 85,725 shares of the electronics maker’s stock worth $4,262,000 after purchasing an additional 55,971 shares in the last quarter. Kestra Private Wealth Services LLC acquired a new stake in shares of Vicor in the 3rd quarter valued at about $375,000. Dark Forest Capital Management LP grew its stake in Vicor by 108.0% during the 3rd quarter. Dark Forest Capital Management LP now owns 80,185 shares of the electronics maker’s stock worth $3,987,000 after buying an additional 41,641 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new position in Vicor during the third quarter worth approximately $218,000. 47.45% of the stock is currently owned by institutional investors and hedge funds.

Vicor Company Profile

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.