Vicor Corporation (NASDAQ:VICR) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Vicor Corporation (NASDAQ:VICR) have been given a consensus recommendation of “Moderate Buy” by the five brokerages that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $408.3333.

VICR has been the topic of a number of research analyst reports. Craig Hallum lifted their target price on Vicor to $450.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Needham & Company LLC upped their price objective on shares of Vicor to $400.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Zacks Research lowered shares of Vicor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 2nd. Weiss Ratings restated a “hold (c+)” rating on shares of Vicor in a report on Monday, June 1st. Finally, Roth Capital increased their price objective on Vicor from $285.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd.

Insider Activity at Vicor

In other news, VP Philip D. Davies sold 3,073 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $356.97, for a total transaction of $1,096,968.81. Following the transaction, the vice president directly owned 1,920 shares in the company, valued at $685,382.40. The trade was a 61.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO James F. Schmidt sold 1,000 shares of the company’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $331.68, for a total transaction of $331,680.00. Following the completion of the transaction, the chief financial officer directly owned 1,000 shares in the company, valued at $331,680. This trade represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 502,460 shares of company stock valued at $145,214,062. 28.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted 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 valued at $47,368,000 after buying an additional 421,435 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Vicor by 1,542.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 439,820 shares of the electronics maker’s stock worth $48,205,000 after buying an additional 413,038 shares during the last quarter. Millennium Management LLC raised its position in Vicor by 4,634.5% during the first quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock valued at $12,379,000 after acquiring an additional 259,022 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in Vicor by 1,921.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 267,882 shares of the electronics maker’s stock valued at $13,319,000 after acquiring an additional 254,630 shares in the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new stake in Vicor in the third quarter valued at approximately $12,625,000. 47.45% of the stock is owned by institutional investors and hedge funds.

Vicor Price Performance

Shares of NASDAQ:VICR opened at $272.05 on Monday. The company’s 50-day moving average price is $301.31 and its 200 day moving average price is $216.23. The company has a market cap of $12.40 billion, a PE ratio of 90.99 and a beta of 2.33. Vicor has a fifty-two week low of $41.76 and a fifty-two week high of $382.65.

Vicor (NASDAQ:VICR) last released its quarterly earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. The company had revenue of $112.97 million for the quarter, compared to analysts’ expectations of $109.05 million. Vicor had a return on equity of 20.21% and a net margin of 28.98%.The business’s revenue for the quarter was up 20.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 earnings per share. As a group, equities analysts anticipate that Vicor will post 2.94 EPS for the current year.

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.