Vicor (NASDAQ:VICR) Sets New 12-Month High – Time to Buy?

Vicor Corporation (NASDAQ:VICR) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $209.00 and last traded at $203.3630, with a volume of 157044 shares trading hands. The stock had previously closed at $201.40.

Wall Street Analysts Forecast Growth

VICR has been the subject of several research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Vicor in a report on Wednesday, January 21st. Zacks Research raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Roth Mkm reiterated a “buy” rating and issued a $175.00 price target on shares of Vicor in a report on Thursday, January 22nd. Finally, Wall Street Zen cut Vicor from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 23rd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Vicor presently has an average rating of “Buy” and a consensus target price of $118.33.

Vicor Stock Performance

The stock’s 50 day simple moving average is $149.45 and its 200-day simple moving average is $98.24. The firm has a market cap of $9.18 billion, a price-to-earnings ratio of 78.75 and a beta of 1.90.

Vicor (NASDAQ:VICR) last posted its quarterly earnings results on Thursday, February 19th. The electronics maker reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.63. The company had revenue of $107.26 million during the quarter, compared to analyst estimates of $107.78 million. Vicor had a net margin of 26.19% and a return on equity of 18.73%. Vicor’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period last year, the firm posted $0.23 EPS.

Insider Activity at Vicor

In other Vicor news, CFO James F. Schmidt sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $110.00, for a total value of $550,000.00. Following the completion of the transaction, the chief financial officer directly owned 875 shares of the company’s stock, valued at approximately $96,250. The trade was a 85.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Alvaro Doyle sold 7,913 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $172.83, for a total transaction of $1,367,603.79. Following the sale, the vice president directly owned 42 shares in the company, valued at $7,258.86. The trade was a 99.47% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 160,586 shares of company stock worth $19,741,439. 31.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Royal Bank of Canada raised its stake in Vicor by 6.0% in the 1st quarter. Royal Bank of Canada now owns 15,167 shares of the electronics maker’s stock valued at $709,000 after purchasing an additional 857 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Vicor by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,537 shares of the electronics maker’s stock valued at $633,000 after acquiring an additional 563 shares in the last quarter. Millennium Management LLC raised its holdings in Vicor by 4,634.5% in the 1st quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock valued at $12,379,000 after acquiring an additional 259,022 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Vicor by 38.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 41,541 shares of the electronics maker’s stock worth $1,943,000 after purchasing an additional 11,525 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in shares of Vicor by 56.1% during the 1st quarter. Acadian Asset Management LLC now owns 8,860 shares of the electronics maker’s stock worth $413,000 after purchasing an additional 3,184 shares during the last quarter. 47.45% of the stock is owned by institutional investors and hedge funds.

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.