Vicor (NASDAQ:VICR) Shares Gap Up – What’s Next?

Vicor Corporation (NASDAQ:VICR) 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 trading hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Zacks Research upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 1st. Needham & Company LLC reaffirmed a “buy” rating and issued a $350.00 target price on shares of Vicor in a research report on Tuesday, October 20th. Weiss Ratings upgraded Vicor from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, October 27th. Roth Capital set a $360.00 price objective on shares of Vicor in a research note on Wednesday, October 21st. Finally, Wall Street Zen lowered shares of Vicor from a “buy” rating to a “hold” rating in a research report on Saturday, October 24th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $386.67.

Vicor Trading Up 9.3%

The company has a market cap of $8.16 billion, a P/E ratio of 46.09 and a beta of 2.45. The business has a 50 day moving average price of $219.81 and a 200-day moving average price of $226.46.

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

Insider Activity at Vicor

In related news, Director Zmira Lavie sold 908 shares of Vicor stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $250.00, for a total value of $227,000.00. Following the sale, the director owned 908 shares of the company’s stock, valued at approximately $227,000. The trade was a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Philip D. Davies sold 3,073 shares of the business’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $183.26, for a total transaction of $563,157.98. Following the completion of the sale, the vice president owned 1,920 shares of the company’s stock, valued at approximately $351,859.20. The trade was a 61.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 27,054 shares of company stock valued at $7,658,830 in the last three months. Corporate insiders own 28.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Andar Capital Management HK Ltd bought a new stake in shares of Vicor during the second quarter valued at approximately $101,100,000. BlackRock Inc. bought a new position in shares of Vicor in the second quarter worth approximately $934,612,000. The Manufacturers Life Insurance Company increased its stake in Vicor by 39.6% in the 1st quarter. The Manufacturers Life Insurance Company now owns 603,364 shares of the electronics maker’s stock worth $97,142,000 after buying an additional 171,175 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Vicor by 43.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 536,274 shares of the electronics maker’s stock worth $86,340,000 after purchasing an additional 162,186 shares in the last quarter. Finally, International Assets Investment Management LLC raised its position in shares of Vicor by 1,161,438.5% during the third quarter. International Assets Investment Management LLC now owns 151,000 shares of the electronics maker’s stock valued at $43,630,000 after buying an additional 150,987 shares during the last quarter. Hedge funds and other institutional investors own 47.45% of the company’s stock.

Vicor Company Profile

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.