Vicor (NASDAQ:VICR) Stock Price Up 7.8% – Time to Buy?

Vicor Corporation (NASDAQ:VICR)’s stock price was up 7.8% during trading on Monday. The company traded as high as $186.38 and last traded at $189.78. Approximately 172,808 shares were traded during trading, a decline of 80% from the average daily volume of 877,638 shares. The stock had previously closed at $176.04.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Roth Capital set a $360.00 price target on shares of Vicor in a research note on Wednesday. Zacks Research raised Vicor from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 1st. Needham & Company LLC reaffirmed a “buy” rating and issued a $350.00 price target on shares of Vicor in a report on Tuesday, October 20th. Weiss Ratings lowered Vicor from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, September 18th. Finally, Wall Street Zen lowered shares of Vicor from a “buy” rating to a “hold” rating in a report on Saturday. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Vicor currently has an average rating of “Buy” and an average target price of $386.67.

Vicor Stock Up 9.8%

The stock’s fifty day moving average price is $226.40 and its two-hundred day moving average price is $251.29. The company has a market capitalization of $8.92 billion, a PE ratio of 50.69 and a beta of 2.37.

Vicor (NASDAQ:VICR) last released its quarterly earnings results on Tuesday, October 20th. The electronics maker reported $1.33 earnings per share 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 company had revenue of $197.11 million for the quarter, compared to analyst estimates of $187.03 million. During the same period in the previous year, the company posted $0.63 earnings per share. The firm’s revenue was up 78.5% on a year-over-year basis. On average, equities research analysts forecast that Vicor Corporation will post 3.94 EPS for the current year.

Insider Activity

In related news, CEO Patrizio Vinciarelli sold 20,000 shares of the firm’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $316.13, for a total value of $6,322,600.00. Following the transaction, the chief executive officer directly owned 8,307,390 shares of the company’s stock, valued at approximately $2,626,215,200.70. This trade represents a 0.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Zmira Lavie sold 908 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $250.00, for a total value of $227,000.00. Following the completion of the transaction, the director owned 908 shares in the company, valued at $227,000. The trade was a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 27,053 shares of company stock valued at $7,745,984 in the last 90 days. Company insiders own 28.30% of the company’s stock.

Institutional Trading of Vicor

Several institutional investors and hedge funds have recently made changes to their positions in VICR. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in shares of Vicor by 60.6% during the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 212 shares of the electronics maker’s stock valued at $61,000 after acquiring an additional 80 shares in the last quarter. Kingswood Wealth Advisors LLC bought a new position in Vicor in the third quarter worth approximately $219,000. Signaturefd LLC grew its stake in Vicor by 91.5% in the third quarter. Signaturefd LLC now owns 270 shares of the electronics maker’s stock worth $78,000 after purchasing an additional 129 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its position in Vicor by 31.9% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 1,021 shares of the electronics maker’s stock valued at $295,000 after purchasing an additional 247 shares in the last quarter. Finally, Inspire Investing LLC bought a new stake in Vicor during the 3rd quarter valued at $847,000. 47.45% of the stock is currently owned by institutional investors.

About Vicor

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.