Brokerages Set Vicor Corporation (NASDAQ:VICR) PT at $118.33

Vicor Corporation (NASDAQ:VICR) has been given an average rating of “Moderate Buy” by the five analysts that are currently covering the company, 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 12-month price target among brokers that have covered the stock in the last year is $118.3333.

Several research analysts have recently weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Vicor in a research note on Wednesday, January 21st. Zacks Research raised shares of Vicor to a “hold” rating in a research report on Tuesday, December 16th. Needham & Company LLC set a $90.00 target price on Vicor and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Roth Mkm reaffirmed a “buy” rating and set a $175.00 target price on shares of Vicor in a research report on Thursday, January 22nd. Finally, Wall Street Zen downgraded Vicor from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 23rd.

Insider Transactions at Vicor

In related news, Director Andrew D’amico sold 200 shares of Vicor stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $155.00, for a total value of $31,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Patrizio Vinciarelli sold 1,883 shares of the business’s stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $114.36, for a total transaction of $215,339.88. Following the completion of the sale, the chief executive officer directly owned 9,708,163 shares of the company’s stock, valued at $1,110,225,520.68. The trade was a 0.02% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 130,306 shares of company stock valued at $13,918,540. 31.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Cibc World Market Inc. acquired a new stake in shares of Vicor during the 4th quarter valued at approximately $383,000. CIBC Asset Management Inc bought a new stake in Vicor during the fourth quarter valued at $207,000. Andar Capital Management HK Ltd acquired a new stake in shares of Vicor during the fourth quarter worth $3,507,000. Intech Investment Management LLC lifted its position in shares of Vicor by 31.2% in the 4th quarter. Intech Investment Management LLC now owns 39,091 shares of the electronics maker’s stock worth $4,284,000 after buying an additional 9,305 shares during the last quarter. Finally, Jackson Creek Investment Advisors LLC bought a new position in shares of Vicor in the 4th quarter worth about $509,000. Institutional investors and hedge funds own 47.45% of the company’s stock.

Vicor Stock Performance

VICR stock opened at $157.43 on Friday. The firm has a market cap of $7.03 billion, a P/E ratio of 86.03 and a beta of 1.90. Vicor has a 1 year low of $38.92 and a 1 year high of $177.00. The stock has a 50-day simple moving average of $130.09 and a 200-day simple moving average of $86.72.

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.