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

Vicor Corporation (NASDAQ:VICR) has been given a consensus recommendation of “Buy” by the five analysts that are covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $118.3333.

VICR has been the subject of several research analyst reports. Wall Street Zen lowered Vicor from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Vicor in a research report on Wednesday, January 21st. Roth Mkm reissued a “buy” rating and set a $175.00 price objective on shares of Vicor in a report on Thursday, January 22nd. Finally, Zacks Research upgraded Vicor from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd.

Insider Buying and Selling at Vicor

In other Vicor news, CEO Patrizio Vinciarelli sold 50,000 shares of Vicor stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 9,658,163 shares of the company’s stock, valued at approximately $1,946,506,171.02. This trade represents a 0.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Alvaro Doyle sold 7,913 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $172.83, for a total transaction of $1,367,603.79. Following the completion of the sale, the vice president owned 42 shares of the company’s stock, valued at approximately $7,258.86. The trade was a 99.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 221,742 shares of company stock worth $32,021,592 over the last ninety days. Insiders own 31.30% of the company’s stock.

Institutional Trading of Vicor

Several institutional investors have recently added to or reduced their stakes in VICR. Vanguard Group Inc. boosted its position in Vicor by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 2,534,534 shares of the electronics maker’s stock valued at $277,785,000 after buying an additional 60,963 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Vicor by 4.6% in the third quarter. Dimensional Fund Advisors LP now owns 578,515 shares of the electronics maker’s stock worth $28,759,000 after buying an additional 25,393 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Vicor by 1,542.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 439,820 shares of the electronics maker’s stock valued at $48,205,000 after acquiring an additional 413,038 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Vicor by 3,918.9% in the 4th quarter. The Manufacturers Life Insurance Company now owns 432,189 shares of the electronics maker’s stock valued at $47,368,000 after acquiring an additional 421,435 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Vicor by 39.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 374,088 shares of the electronics maker’s stock valued at $41,000,000 after acquiring an additional 106,206 shares during the period. 47.45% of the stock is currently owned by hedge funds and other institutional investors.

Vicor Stock Performance

Vicor stock opened at $162.67 on Tuesday. The firm’s fifty day moving average price is $157.70 and its 200-day moving average price is $102.93. The stock has a market cap of $7.26 billion, a P/E ratio of 62.33 and a beta of 1.84. Vicor has a fifty-two week low of $38.92 and a fifty-two week high of $209.53.

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

Vicor Company Profile

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.