Vicor (NASDAQ:VICR) Reaches New 12-Month High – What’s Next?

Vicor Corporation (NASDAQ:VICR) hit a new 52-week high on Wednesday . The company traded as high as $334.62 and last traded at $332.95, with a volume of 1586277 shares traded. The stock had previously closed at $267.99.

Wall Street Analysts Forecast Growth

VICR has been the topic of a number of recent analyst reports. Wall Street Zen downgraded Vicor from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Zacks Research raised Vicor from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Needham & Company LLC boosted their price target on Vicor from $260.00 to $350.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Roth Mkm reissued a “buy” rating and set a $245.00 price target on shares of Vicor in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $228.33.

Vicor Price Performance

The firm has a 50-day moving average price of $229.31 and a 200 day moving average price of $168.46. The company has a market cap of $15.59 billion, a price-to-earnings ratio of 114.41 and a beta of 2.33.

Vicor (NASDAQ:VICR) last issued its quarterly earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.04. The business had revenue of $112.97 million during the quarter, compared to analysts’ expectations of $109.05 million. Vicor had a return on equity of 20.21% and a net margin of 28.98%.The firm’s revenue for the quarter was up 20.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.06 earnings per share. On average, equities analysts anticipate that Vicor Corporation will post 2.71 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Andrew D’amico sold 800 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $315.35, for a total value of $252,280.00. Following the completion of the sale, the director directly owned 800 shares in the company, valued at approximately $252,280. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Robert Gendron sold 4,571 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $330.00, for a total value of $1,508,430.00. Following the completion of the sale, the vice president owned 577 shares of the company’s stock, valued at approximately $190,410. This trade represents a 88.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 716,709 shares of company stock valued at $140,818,720 in the last quarter. Company insiders own 31.30% of the company’s stock.

Institutional Investors Weigh In On Vicor

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Vicor by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 2,534,534 shares of the electronics maker’s stock valued at $277,785,000 after buying an additional 60,963 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of Vicor by 39.6% in the first quarter. The Manufacturers Life Insurance Company now owns 603,364 shares of the electronics maker’s stock valued at $97,142,000 after buying an additional 171,175 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Vicor by 4.6% in the third quarter. Dimensional Fund Advisors LP now owns 578,515 shares of the electronics maker’s stock valued at $28,759,000 after buying an additional 25,393 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of Vicor by 43.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 536,274 shares of the electronics maker’s stock valued at $86,340,000 after buying an additional 162,186 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in Vicor by 1,542.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 439,820 shares of the electronics maker’s stock worth $48,205,000 after purchasing an additional 413,038 shares during the last quarter. 47.45% of the stock is currently owned by institutional investors.

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.