Vicor Corporation (NASDAQ:VICR) Given Average Recommendation of “Buy” by Brokerages

Vicor Corporation (NASDAQ:VICR) has earned a consensus rating of “Buy” from the five analysts that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $228.3333.

Several research analysts recently commented on the stock. Wall Street Zen downgraded shares of Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Roth Mkm reiterated a “buy” rating and issued a $245.00 target price on shares of Vicor in a report on Monday, April 20th. Zacks Research upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. Needham & Company LLC lifted their target price on shares of Vicor from $260.00 to $350.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Vicor in a report on Monday, June 1st.

Insider Buying and Selling

In other news, CEO Patrizio Vinciarelli sold 50,000 shares of the business’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $193.21, for a total transaction of $9,660,500.00. Following the transaction, the chief executive officer owned 8,895,090 shares in the company, valued at approximately $1,718,620,338.90. The trade was a 0.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 542,619 shares of company stock valued at $122,250,026. Company insiders own 31.30% of the company’s stock.

Institutional Inflows and Outflows

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

Vicor Price Performance

Shares of VICR opened at $275.51 on Thursday. The company has a market capitalization of $12.56 billion, a PE ratio of 92.14 and a beta of 2.36. Vicor has a one year low of $41.76 and a one year high of $361.89. The company’s fifty day moving average price is $253.29 and its 200 day moving average price is $182.13.

Vicor (NASDAQ:VICR) last announced its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 EPS for the quarter, topping the consensus estimate of $0.40 by $0.04. The firm had revenue of $112.97 million for the quarter, compared to the consensus estimate of $109.05 million. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The business’s quarterly revenue was up 20.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.06 EPS. Analysts anticipate that Vicor will post 2.71 earnings per share for the current 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.