Vicor (NASDAQ:VICR) Shares Up 7.8% – Here’s What Happened

Shares of Vicor Corporation (NASDAQ:VICR) traded up 7.8% on Monday. The company traded as high as $186.38 and last traded at $189.78. Approximately 172,808 shares changed hands during trading, a decline of 80% from the average daily volume of 877,638 shares. The stock had previously closed at $176.04.

Analyst Upgrades and Downgrades

VICR has been the topic of several analyst reports. Weiss Ratings lowered shares of Vicor from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, September 18th. Zacks Research raised Vicor from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 1st. Roth Capital set a $360.00 target price on shares of Vicor in a research report on Wednesday. Wall Street Zen lowered Vicor from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Needham & Company LLC reiterated a “buy” rating and set a $350.00 price target on shares of Vicor in a research note on Tuesday, October 20th. 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, Vicor has an average rating of “Buy” and an average target price of $386.67.

Vicor Stock Up 9.8%

The stock has a market capitalization of $8.92 billion, a PE ratio of 50.69 and a beta of 2.37. The firm’s fifty day moving average is $226.40 and its 200-day moving average is $251.29.

Vicor (NASDAQ:VICR) last released its quarterly earnings data on Tuesday, October 20th. The electronics maker reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.01. The firm had revenue of $197.11 million for the quarter, compared to the consensus estimate of $187.03 million. Vicor had a net margin of 32.15% and a return on equity of 22.49%. The firm’s revenue was up 78.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.63 earnings per share. On average, analysts expect that Vicor Corporation will post 3.94 EPS for the current year.

Insider Buying and Selling

In other news, Director Zmira Lavie sold 908 shares of the company’s 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 sale, the director owned 908 shares of the company’s stock, valued at $227,000. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Patrizio Vinciarelli sold 20,000 shares of the stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $316.13, for a total value of $6,322,600.00. Following the completion of the transaction, the chief executive officer directly owned 8,307,390 shares of the company’s stock, valued at $2,626,215,200.70. This represents a 0.24% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 27,053 shares of company stock valued at $7,745,984. 28.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Vicor

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in Vicor by 60.6% in the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 212 shares of the electronics maker’s stock worth $61,000 after acquiring an additional 80 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new stake in shares of Vicor in the third quarter worth $219,000. Signaturefd LLC increased its stake in shares of Vicor by 91.5% in the third quarter. Signaturefd LLC now owns 270 shares of the electronics maker’s stock worth $78,000 after acquiring an additional 129 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its stake in shares of Vicor by 31.9% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 1,021 shares of the electronics maker’s stock worth $295,000 after purchasing an additional 247 shares during the last quarter. Finally, Inspire Investing LLC bought a new position in shares of Vicor in the 3rd quarter valued at approximately $847,000. Institutional investors own 47.45% of the company’s stock.

About Vicor

Vicor Corporation (NASDAQ: VICR) designs, develops, manufactures and markets modular power components and systems. The company’s products convert, regulate and distribute electrical power for electronic equipment, with an emphasis on high-performance, compact and efficient power solutions.

Its portfolio includes AC-to-DC and DC-to-DC converters, regulators, power modules, power distribution components and complete power systems. Vicor’s technologies include its Factorized Power Architecture and high-density ChiP packaging, which are designed to help engineers manage power more efficiently while reducing the size and complexity of electronic systems.

Vicor serves customers in industries such as data centers and computing, telecommunications, automotive, aerospace and defense, industrial equipment, and consumer electronics.