Brokerages Set Vicor Corporation (NASDAQ:VICR) Target Price at $141.67

Shares of Vicor Corporation (NASDAQ:VICR) have been assigned a consensus rating of “Buy” from the five ratings firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $198.3333.

A number of brokerages have issued reports on VICR. Wall Street Zen lowered shares of Vicor from a “buy” rating to a “hold” rating in a research note on Saturday. Needham & Company LLC upped their price target on shares of Vicor from $180.00 to $260.00 and gave the company a “buy” rating in a research note on Tuesday. Zacks Research upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Vicor in a research note on Wednesday, January 21st. Finally, Roth Mkm reiterated a “buy” rating and issued a $245.00 price objective on shares of Vicor in a research note on Monday.

Insiders Place Their Bets

In other news, insider Michael Mcnamara sold 7,174 shares of the stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $190.07, for a total value of $1,363,562.18. Following the sale, the insider owned 18,138 shares in the company, valued at $3,447,489.66. This represents a 28.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Patrizio Vinciarelli sold 40,000 shares of the stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $197.64, for a total transaction of $7,905,600.00. Following the completion of the sale, the chief executive officer owned 8,855,090 shares in the company, valued at $1,750,119,987.60. The trade was a 0.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 665,663 shares of company stock worth $122,253,776 in the last quarter. Company insiders own 31.30% of the company’s stock.

Institutional Trading of Vicor

A number of hedge funds and other institutional investors have recently made changes to their positions in VICR. The Manufacturers Life Insurance Company increased its stake in shares of Vicor by 3,918.9% in the fourth quarter. The Manufacturers Life Insurance Company now owns 432,189 shares of the electronics maker’s stock worth $47,368,000 after acquiring an additional 421,435 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Vicor by 1,542.2% in 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 acquiring an additional 413,038 shares during the period. Millennium Management LLC increased its stake in shares of Vicor by 4,634.5% in the first quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock worth $12,379,000 after acquiring an additional 259,022 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Vicor by 1,921.4% in the third quarter. Arrowstreet Capital Limited Partnership now owns 267,882 shares of the electronics maker’s stock worth $13,319,000 after acquiring an additional 254,630 shares during the period. Finally, CIBC Bancorp USA Inc. acquired a new stake in shares of Vicor in the third quarter worth $12,625,000. Institutional investors and hedge funds own 47.45% of the company’s stock.

Vicor Trading Up 5.2%

Shares of Vicor stock opened at $273.53 on Wednesday. Vicor has a 12-month low of $38.92 and a 12-month high of $293.95. The firm has a market capitalization of $12.41 billion, a price-to-earnings ratio of 91.48 and a beta of 1.97. The firm’s 50 day simple moving average is $185.22 and its two-hundred day simple moving average is $135.65.

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 analysts’ consensus estimates of $0.40 by $0.04. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The business had revenue of $112.97 million for the quarter, compared to analyst estimates of $109.05 million. During the same quarter in the prior year, the business posted $0.06 EPS. Vicor’s revenue for the quarter was up 20.2% compared to the same quarter last year. On average, sell-side analysts predict that Vicor will post 2.71 EPS for the current fiscal year.

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.