Vicor’s (VICR) “Buy” Rating Reiterated at Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of Vicor (NASDAQ:VICR) in a report issued on Tuesday morning,Benzinga reports. They currently have a $350.00 price target on the electronics maker’s stock.

A number of other research analysts have also issued reports on VICR. Roth Capital reiterated a “buy” rating and set a $375.00 price target on shares of Vicor in a research report on Tuesday, September 22nd. Craig Hallum raised their price target on Vicor to $450.00 and gave the company a “buy” rating in a report on Monday, June 22nd. Zacks Research raised Vicor from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 1st. Wall Street Zen upgraded shares of Vicor from a “hold” rating to a “buy” rating in a research note on Saturday, October 10th. Finally, Weiss Ratings lowered shares of Vicor from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Vicor currently has an average rating of “Buy” and an average target price of $386.67.

Vicor Price Performance

Shares of VICR stock opened at $179.99 on Tuesday. Vicor has a 12-month low of $80.29 and a 12-month high of $382.65. The firm has a market capitalization of $8.30 billion, a price-to-earnings ratio of 55.87 and a beta of 2.37. The business has a 50 day simple moving average of $227.57 and a 200 day simple moving average of $251.15.

Vicor (NASDAQ:VICR) last posted its earnings results on Tuesday, October 20th. The electronics maker reported $1.33 EPS for the quarter, beating the consensus estimate of $1.32 by $0.01. Vicor had a return on equity of 22.49% and a net margin of 32.15%. The firm had revenue of $197.11 million for the quarter, compared to analysts’ expectations of $187.03 million. During the same period last year, the firm earned $0.63 EPS. The firm’s revenue was up 78.5% compared to the same quarter last year. On average, equities analysts anticipate that Vicor will post 4.13 EPS for the current fiscal year.

Insider Activity at Vicor

In related news, CEO Patrizio Vinciarelli sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $316.13, for a total transaction of $6,322,600.00. Following the sale, the chief executive officer owned 8,307,390 shares of the company’s stock, valued at $2,626,215,200.70. The trade was a 0.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Philip Davies sold 3,073 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $177.70, for a total value of $546,072.10. Following the sale, the vice president directly owned 1,920 shares in the company, valued at approximately $341,184. The trade was a 61.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 27,053 shares of company stock worth $7,745,984 over the last quarter. 28.30% of the stock is currently owned by company insiders.

Institutional Trading of Vicor

Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Vicor in the second quarter valued at $934,612,000. Andar Capital Management HK Ltd bought a new position in Vicor during the second quarter valued at about $101,100,000. The Manufacturers Life Insurance Company boosted its stake in Vicor by 39.6% during 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 in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Vicor by 43.4% during 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 in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in Vicor during the second quarter worth about $53,161,000. Institutional investors own 47.45% of the company’s stock.

Vicor Company Profile

Vicor Corporation (NASDAQ: VICR) designs, develops, manufactures and markets modular power components and systems. The company’s products convert, regulate and distribute electrical power for electronic equipment, with an emphasis on high-performance, compact and efficient power solutions.

Its portfolio includes AC-to-DC and DC-to-DC converters, regulators, power modules, power distribution components and complete power systems. Vicor’s technologies include its Factorized Power Architecture and high-density ChiP packaging, which are designed to help engineers manage power more efficiently while reducing the size and complexity of electronic systems.

Vicor serves customers in industries such as data centers and computing, telecommunications, automotive, aerospace and defense, industrial equipment, and consumer electronics.