Vicor (NASDAQ:VICR) Reaches New 1-Year High – Time to Buy?

Vicor Corporation (NASDAQ:VICR)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $177.00 and last traded at $166.76, with a volume of 745033 shares. The stock had previously closed at $165.35.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Needham & Company LLC set a $90.00 target price on shares of Vicor and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Zacks Research upgraded Vicor to a “hold” rating in a report on Tuesday, December 16th. Weiss Ratings restated a “hold (c)” rating on shares of Vicor in a report on Wednesday, January 21st. Wall Street Zen cut Vicor from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 23rd. Finally, Roth Mkm reiterated a “buy” rating and issued a $175.00 price objective on shares of Vicor in a research report on Thursday, January 22nd. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $118.33.

Vicor Stock Up 0.9%

The company has a market capitalization of $7.45 billion, a P/E ratio of 91.13 and a beta of 1.90. The business has a fifty day moving average price of $123.54 and a 200 day moving average price of $82.93.

Insider Activity at Vicor

In other news, CEO Patrizio Vinciarelli sold 20,000 shares of Vicor stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $103.02, for a total value of $2,060,400.00. Following the sale, the chief executive officer directly owned 9,808,363 shares in the company, valued at $1,010,457,556.26. This trade represents a 0.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO James F. Schmidt sold 5,000 shares of the stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $110.00, for a total transaction of $550,000.00. Following the transaction, the chief financial officer owned 875 shares of the company’s stock, valued at $96,250. The trade was a 85.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 142,214 shares of company stock valued at $15,109,480 over the last ninety days. Company insiders own 31.30% of the company’s stock.

Institutional Investors Weigh In On Vicor

A number of institutional investors and hedge funds have recently made changes to their positions in VICR. SBI Securities Co. Ltd. increased its holdings in Vicor by 32,400.0% during the fourth quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker’s stock worth $36,000 after buying an additional 324 shares during the last quarter. NBC Securities Inc. acquired a new position in shares of Vicor during the 4th quarter worth about $36,000. First PREMIER Bank bought a new stake in shares of Vicor in the 4th quarter valued at about $55,000. GoalVest Advisory LLC acquired a new stake in Vicor in the 4th quarter valued at about $57,000. Finally, Nisa Investment Advisors LLC grew its holdings in Vicor by 53.4% during the third quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker’s stock worth $30,000 after purchasing an additional 210 shares during the period. Institutional investors own 47.45% of the company’s stock.

About Vicor

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.