Vicor (NASDAQ:VICR) Shares Gap Up – Here’s Why

Shares of Vicor Corporation (NASDAQ:VICR) gapped up prior to trading on Tuesday . The stock had previously closed at $267.99, but opened at $296.45. Vicor shares last traded at $300.85, with a volume of 242,290 shares trading hands.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Wall Street Zen cut shares of Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Zacks Research upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Needham & Company LLC lifted their price objective on shares of Vicor from $180.00 to $260.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $245.00 target price on shares of Vicor in a report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Vicor presently has a consensus rating of “Buy” and a consensus price target of $198.33.

Vicor Price Performance

The stock has a market capitalization of $14.45 billion, a P/E ratio of 106.02 and a beta of 2.33. The stock’s 50-day simple moving average is $219.98 and its 200 day simple moving average is $163.18.

Vicor (NASDAQ:VICR) last posted its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. The company had revenue of $112.97 million during the quarter, compared to analysts’ expectations of $109.05 million. Vicor had a net margin of 28.98% and a return on equity of 20.21%. Vicor’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.06 EPS. As a group, analysts expect that Vicor Corporation will post 2.71 earnings per share for the current fiscal year.

Insider Activity at Vicor

In other news, CEO Patrizio Vinciarelli sold 50,000 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $177.25, for a total transaction of $8,862,500.00. Following the transaction, the chief executive officer owned 9,408,163 shares in the company, valued at approximately $1,667,596,891.75. This trade represents a 0.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 722,802 shares of company stock valued at $140,984,192 over the last 90 days. 31.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Vicor

Institutional investors have recently modified their holdings of the business. Federated Hermes Inc. bought a new position in Vicor during the fourth quarter worth about $27,000. Blue Trust Inc. boosted its holdings in Vicor by 1,814.3% in the 1st quarter. Blue Trust Inc. now owns 268 shares of the electronics maker’s stock valued at $43,000 after purchasing an additional 254 shares during the period. ROSS JOHNSON & Associates LLC boosted its holdings in Vicor by 13,750.0% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 277 shares of the electronics maker’s stock valued at $45,000 after purchasing an additional 275 shares during the period. Harbour Investments Inc. bought a new stake in Vicor in the 4th quarter valued at about $32,000. Finally, Meeder Asset Management Inc. boosted its holdings in Vicor by 189.4% in the 1st quarter. Meeder Asset Management Inc. now owns 301 shares of the electronics maker’s stock valued at $48,000 after purchasing an additional 197 shares during the period. Institutional investors own 47.45% of the company’s stock.

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.