Vicor (NASDAQ:VICR) Stock Bumped Up to “Buy” by Wall Street Zen

Wall Street Zen upgraded shares of Vicor (NASDAQ:VICR) from a hold rating to a buy rating in a research report report published on Saturday morning,Wall Street Zen reports.

A number of other equities analysts have also recently commented on VICR. Needham & Company LLC boosted their price target on shares of Vicor from $320.00 to $350.00 and gave the stock a “buy” rating in a research note on Thursday, October 1st. Craig Hallum lifted their price objective on shares of Vicor to $450.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Roth Capital reiterated a “buy” rating and issued a $375.00 target price on shares of Vicor in a research report on Tuesday, September 22nd. Weiss Ratings cut Vicor from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, September 18th. Finally, Zacks Research upgraded Vicor from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 1st. 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 company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $391.67.

Vicor Trading Up 1.4%

Shares of VICR opened at $266.07 on Friday. The company has a market cap of $12.27 billion, a PE ratio of 85.28 and a beta of 2.37. The stock has a 50-day moving average price of $227.57 and a 200-day moving average price of $246.95. Vicor has a 12-month low of $48.53 and a 12-month high of $382.65.

Vicor (NASDAQ:VICR) last posted its quarterly earnings data on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share for the quarter, topping the consensus estimate 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 net margin of 30.65% and a return on equity of 19.83%. Vicor’s revenue for the quarter was up 49.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.91 earnings per share. As a group, analysts predict that Vicor will post 4.07 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Patrizio Vinciarelli sold 20,000 shares of Vicor stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $316.13, for a total value of $6,322,600.00. Following the transaction, the chief executive officer owned 8,307,390 shares in the company, valued at approximately $2,626,215,200.70. The trade was a 0.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Zmira Lavie sold 908 shares of Vicor stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $250.00, for a total value of $227,000.00. Following the completion of the transaction, the director owned 908 shares in the company, valued at approximately $227,000. This represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 27,053 shares of company stock worth $7,745,984 in the last 90 days. 28.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Vicor

Several institutional investors have recently bought and sold shares of VICR. BlackRock Inc. purchased a new position in Vicor in the 2nd quarter worth approximately $934,612,000. Andar Capital Management HK Ltd purchased a new stake in shares of Vicor during the second quarter valued at approximately $101,100,000. The Manufacturers Life Insurance Company grew its holdings in shares of Vicor by 39.6% in the first quarter. The Manufacturers Life Insurance Company now owns 603,364 shares of the electronics maker’s stock worth $97,142,000 after purchasing an additional 171,175 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Vicor by 43.4% in 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 during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of Vicor in the second quarter worth $53,161,000. 47.45% of the stock is currently owned by hedge funds and other institutional investors.

About Vicor

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.