Vicor (NASDAQ:VICR) Shares Gap Up – Should You Buy?

Vicor Corporation (NASDAQ:VICR) shares gapped up before the market opened on Wednesday. The stock had previously closed at $161.68, but opened at $176.94. Vicor shares last traded at $172.9550, with a volume of 86,654 shares.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on VICR shares. Needham & Company LLC reiterated a “buy” rating and issued a $350.00 target price on shares of Vicor in a research note on Tuesday, October 20th. Wall Street Zen cut Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, October 24th. Zacks Research upgraded Vicor from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 1st. Roth Capital set a $360.00 price target on Vicor in a report on Wednesday, October 21st. Finally, Weiss Ratings raised Vicor from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, October 27th. One investment 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, the company has an average rating of “Buy” and an average target price of $386.67.

Vicor Stock Down 2.0%

The company’s fifty day moving average price is $219.31 and its two-hundred day moving average price is $226.57. The firm has a market cap of $7.60 billion, a PE ratio of 43.11 and a beta of 2.45.

Vicor (NASDAQ:VICR) last posted its quarterly earnings results on Tuesday, October 20th. The electronics maker reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.01. The firm had revenue of $197.11 million during the quarter, compared to analysts’ expectations of $187.03 million. Vicor had a net margin of 32.15% and a return on equity of 22.49%. The firm’s revenue for the quarter was up 78.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.63 earnings per share. As a group, analysts predict that Vicor Corporation will post 3.94 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Zmira Lavie sold 908 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $250.00, for a total value of $227,000.00. Following the completion of the sale, the director directly owned 908 shares of the company’s stock, valued at $227,000. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Philip D. Davies sold 3,073 shares of Vicor stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $183.26, for a total value of $563,157.98. Following the completion of the sale, the vice president owned 1,920 shares in the company, valued at approximately $351,859.20. This trade represents a 61.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 27,054 shares of company stock worth $7,658,830. Company insiders own 28.30% of the company’s stock.

Institutional Investors Weigh In On Vicor

Hedge funds and other institutional investors have recently bought and sold shares of the business. AlphaGrep UK Ltd increased its position in Vicor by 81.8% during the third quarter. AlphaGrep UK Ltd now owns 1,247 shares of the electronics maker’s stock worth $360,000 after buying an additional 561 shares in the last quarter. State Street Corp lifted its position in shares of Vicor by 8.6% in the third quarter. State Street Corp now owns 788,328 shares of the electronics maker’s stock valued at $227,779,000 after acquiring an additional 62,307 shares in the last quarter. USS Investment Management Ltd lifted its position in shares of Vicor by 47.4% in the third quarter. USS Investment Management Ltd now owns 2,800 shares of the electronics maker’s stock valued at $809,000 after acquiring an additional 900 shares in the last quarter. Greenline Wealth Management LLC purchased a new stake in shares of Vicor in the third quarter valued at $324,000. Finally, Westpac Banking Corp boosted its stake in shares of Vicor by 26.4% during the third quarter. Westpac Banking Corp now owns 9,058 shares of the electronics maker’s stock valued at $2,617,000 after acquiring an additional 1,890 shares during the last quarter. Institutional investors and hedge funds own 47.45% of the company’s stock.

About Vicor

Vicor Corporation designs, develops, manufactures and markets modular power components and power systems. Its products convert and regulate electrical power, including AC-to-DC and DC-to-DC converters, and are used to deliver power efficiently in electronic equipment. The company’s offerings include configurable power modules and systems based on its power-conversion architectures. Vicor serves customers in markets such as data centers and computing, telecommunications, industrial equipment, aerospace and defense, and automotive applications.