Vicor (NASDAQ:VICR) Trading 12.3% Higher – Time to Buy?

Vicor Corporation (NASDAQ:VICR) shares shot up 12.3% during mid-day trading on Tuesday . The stock traded as high as $160.70 and last traded at $159.6550. 542,962 shares changed hands during trading, a decline of 32% from the average session volume of 803,434 shares. The stock had previously closed at $142.22.

Analysts Set New Price Targets

Several research firms have recently issued reports on VICR. Roth Mkm reissued a “buy” rating and issued a $175.00 price objective on shares of Vicor in a research report on Thursday, January 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vicor in a research report on Wednesday, January 21st. Finally, Zacks Research upgraded Vicor from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $118.33.

Vicor Price Performance

The firm has a market capitalization of $7.18 billion, a PE ratio of 60.60 and a beta of 1.97. The stock has a 50-day moving average price of $171.00 and a 200-day moving average price of $118.29.

Vicor (NASDAQ:VICR) last released its quarterly earnings results on Thursday, February 19th. The electronics maker reported $1.01 EPS for the quarter, topping the consensus estimate of $0.38 by $0.63. Vicor had a return on equity of 18.73% and a net margin of 26.19%.The business had revenue of $362.70 million for the quarter, compared to analysts’ expectations of $107.78 million. During the same quarter in the previous year, the firm posted $0.23 earnings per share. The company’s revenue was up 11.5% compared to the same quarter last year.

Insider Buying and Selling

In related news, Director Estia J. Eichten sold 38,587 shares of Vicor stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $168.27, for a total value of $6,493,034.49. Following the completion of the sale, the director owned 190,838 shares in the company, valued at approximately $32,112,310.26. The trade was a 16.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Patrizio Vinciarelli sold 50,000 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $201.54, for a total transaction of $10,077,000.00. Following the completion of the sale, the chief executive officer directly owned 9,608,163 shares in the company, valued at $1,936,429,171.02. This represents a 0.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 531,742 shares of company stock worth $96,387,469. 31.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its stake in shares of Vicor by 6.0% in the 1st quarter. Royal Bank of Canada now owns 15,167 shares of the electronics maker’s stock valued at $709,000 after purchasing an additional 857 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Vicor by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,537 shares of the electronics maker’s stock valued at $633,000 after buying an additional 563 shares during the last quarter. Millennium Management LLC increased its holdings in Vicor by 4,634.5% in the first quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock valued at $12,379,000 after buying an additional 259,022 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Vicor by 38.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 41,541 shares of the electronics maker’s stock valued at $1,943,000 after buying an additional 11,525 shares in the last quarter. Finally, Acadian Asset Management LLC raised its stake in Vicor by 56.1% during the first quarter. Acadian Asset Management LLC now owns 8,860 shares of the electronics maker’s stock valued at $413,000 after buying an additional 3,184 shares in the last quarter. 47.45% of the stock is owned by institutional investors and hedge funds.

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.