Vicor (NASDAQ:VICR) Upgraded to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Vicor (NASDAQ:VICR – Free Report) from a hold rating to a strong-buy rating in a research report sent to investors on Thursday,Zacks reports.

VICR has been the topic of several other reports. Weiss Ratings lowered shares of Vicor from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, September 18th. Needham & Company LLC boosted their price objective on shares of Vicor from $320.00 to $350.00 and gave the stock a “buy” rating in a research note on Thursday. Craig Hallum upped their target price on shares of Vicor to $450.00 and gave the company a “buy” rating in a report on Monday, June 22nd. Finally, Roth Capital reiterated a “buy” rating and issued a $375.00 target price on shares of Vicor in a research note on Tuesday, September 22nd. One 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. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $391.67.

Get Our Latest Stock Report on VICR

Vicor Stock Performance

Shares of NASDAQ VICR opened at $308.90 on Thursday. The stock has a 50 day moving average price of $219.16 and a 200 day moving average price of $243.54. Vicor has a 52 week low of $48.53 and a 52 week high of $382.65. The stock has a market capitalization of $14.24 billion, a PE ratio of 99.01 and a beta of 2.37.

Vicor (NASDAQ:VICR – Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.39. The company had revenue of $143.35 million for the quarter, compared to analysts’ expectations of $138.37 million. Vicor had a return on equity of 19.83% and a net margin of 30.65%.The business’s revenue was up 49.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.91 EPS. As a group, research analysts forecast that Vicor will post 3.76 EPS for the current year.

Insider Buying and Selling at Vicor

In other Vicor news, VP Philip D. Davies sold 3,073 shares of the company’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $177.70, for a total value of $546,072.10. Following the transaction, the vice president directly owned 1,920 shares in the company, valued at $341,184. The trade was a 61.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Patrizio Vinciarelli sold 700 shares of the stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $302.40, for a total transaction of $211,680.00. Following the completion of the transaction, the chief executive officer directly owned 8,347,390 shares in the company, valued at $2,524,250,736. The trade was a 0.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 7,753 shares of company stock valued at $1,635,064 in the last quarter. 28.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of VICR. GoalVest Advisory LLC boosted its position in shares of Vicor by 23.5% in the second quarter. GoalVest Advisory LLC now owns 321 shares of the electronics maker’s stock valued at $122,000 after acquiring an additional 61 shares during the period. Carolina Wealth Advisors LLC increased its position in Vicor by 70.9% during the second quarter. Carolina Wealth Advisors LLC now owns 147 shares of the electronics maker’s stock worth $56,000 after acquiring an additional 61 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Vicor by 1.2% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,692 shares of the electronics maker’s stock worth $916,000 after purchasing an additional 68 shares in the last quarter. First PREMIER Bank raised its stake in Vicor by 20.0% in the 2nd quarter. First PREMIER Bank now owns 600 shares of the electronics maker’s stock worth $228,000 after purchasing an additional 100 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in Vicor by 28.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 465 shares of the electronics maker’s stock valued at $75,000 after purchasing an additional 103 shares during the period. Institutional investors and hedge funds own 47.45% of the company’s stock.

Vicor News Summary

Here are the key news stories impacting Vicor this week:

Vicor Company Profile

(Get Free Report)

Vicor Corporation (NASDAQ:VICR) designs, develops, manufactures and markets modular power-conversion products and systems. Its technologies are used to convert, regulate and distribute electrical power in electronic equipment, with an emphasis on compact, efficient and scalable power-delivery architectures.

The company’s product portfolio includes AC-to-DC and DC-to-DC converters, power modules, power systems and related components. Vicor’s Factorized Power Architecture and associated products are designed to support power delivery from the source to processors, memory, communications equipment and other demanding loads.

Founded in 1981 and headquartered in Andover, Massachusetts, Vicor serves customers and markets worldwide.

Further Reading

Analyst Recommendations for Vicor (NASDAQ:VICR)

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