Vicor Corporation (NASDAQ:VICR) Receives $118.33 Consensus Target Price from Brokerages

Shares of Vicor Corporation (NASDAQ:VICR) have been assigned an average recommendation of “Buy” from the five analysts that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $118.3333.

VICR has been the topic of several analyst reports. 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 reaffirmed a “buy” rating and set a $175.00 target price on shares of Vicor in a report on Thursday, January 22nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Vicor in a research report on Wednesday, January 21st.

Insider Buying and Selling

In related news, Director Estia J. Eichten sold 38,587 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $168.27, for a total value of $6,493,034.49. Following the sale, the director directly owned 190,838 shares in the company, valued at $32,112,310.26. This represents a 16.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Patrizio Vinciarelli sold 50,000 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $201.54, for a total transaction of $10,077,000.00. Following the sale, the chief executive officer directly owned 9,608,163 shares of the company’s stock, valued at $1,936,429,171.02. This represents a 0.52% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 533,625 shares of company stock worth $96,602,809. 31.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Vicor

Several large investors have recently modified their holdings of VICR. Federated Hermes Inc. bought a new stake in Vicor in the 4th quarter valued at about $27,000. Harbour Investments Inc. bought a new position in Vicor in the fourth quarter worth approximately $32,000. Allworth Financial LP grew its stake in Vicor by 960.0% in the fourth quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock valued at $35,000 after acquiring an additional 288 shares during the period. SBI Securities Co. Ltd. grew its stake in Vicor by 32,400.0% in the fourth quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker’s stock valued at $36,000 after acquiring an additional 324 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Vicor during the fourth quarter valued at approximately $36,000. 47.45% of the stock is currently owned by institutional investors and hedge funds.

Vicor Price Performance

Shares of NASDAQ VICR opened at $142.22 on Friday. The company has a 50 day simple moving average of $171.01 and a 200 day simple moving average of $117.23. Vicor has a 1 year low of $38.92 and a 1 year high of $209.53. The firm has a market cap of $6.45 billion, a PE ratio of 54.49 and a beta of 1.83.

Vicor (NASDAQ:VICR) last posted its earnings results on Thursday, February 19th. The electronics maker reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.63. The firm had revenue of $362.70 million for 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%. The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.23 EPS.

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.