Vicor Corporation (NASDAQ:VICR) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Vicor Corporation (NASDAQ:VICR) have received an average recommendation of “Moderate Buy” from the five brokerages that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $98.3333.

VICR has been the subject of a number of research reports. Weiss Ratings restated a “hold (c)” rating on shares of Vicor in a research report on Wednesday, October 8th. Zacks Research raised shares of Vicor to a “hold” rating in a research report on Tuesday, December 16th. Craig Hallum raised shares of 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. Needham & Company LLC set a $90.00 price objective on shares of Vicor and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Finally, Wall Street Zen lowered shares of Vicor from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 23rd.

Insider Transactions at Vicor

In related news, Director Andrew D’amico sold 14,677 shares of the stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $82.53, for a total value of $1,211,292.81. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Philip D. Davies sold 15,763 shares of the firm’s stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $92.07, for a total transaction of $1,451,299.41. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 279,345 shares of company stock valued at $27,343,654. Corporate insiders own 31.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its stake in shares of Vicor by 4.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 578,515 shares of the electronics maker’s stock valued at $28,759,000 after purchasing an additional 25,393 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Vicor by 1,921.4% in the third quarter. Arrowstreet Capital Limited Partnership now owns 267,882 shares of the electronics maker’s stock worth $13,319,000 after buying an additional 254,630 shares during the last quarter. Millennium Management LLC lifted its position in shares of Vicor by 4,634.5% in the first quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock worth $12,379,000 after buying an additional 259,022 shares during the last quarter. Colrain Capital LLC boosted its stake in shares of Vicor by 10.4% during the 3rd quarter. Colrain Capital LLC now owns 254,140 shares of the electronics maker’s stock worth $12,636,000 after acquiring an additional 23,940 shares in the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new position in shares of Vicor during the 3rd quarter valued at about $12,625,000. Institutional investors and hedge funds own 47.45% of the company’s stock.

Vicor Stock Performance

Vicor stock opened at $149.88 on Monday. Vicor has a 52 week low of $38.92 and a 52 week high of $154.90. The firm has a market capitalization of $6.69 billion, a price-to-earnings ratio of 81.90 and a beta of 1.90. The company has a 50 day moving average price of $105.89 and a 200 day moving average price of $73.21.

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

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.