Vicor Corporation (NASDAQ:VICR) Receives $98.33 Consensus Target Price from Analysts

Vicor Corporation (NASDAQ:VICR) has been given an average rating of “Moderate Buy” by the five ratings firms that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $98.3333.

A number of analysts recently issued reports on the company. Wall Street Zen cut Vicor from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 23rd. Needham & Company LLC set a $90.00 target price on shares of Vicor and gave the company a “buy” rating in a report on Wednesday, October 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Vicor in a research note on Wednesday, October 8th. Roth Capital began coverage on shares of Vicor in a research report on Tuesday. They set a “buy” rating and a $115.00 price objective on the stock. Finally, Zacks Research raised shares of Vicor to a “hold” rating in a report on Tuesday, December 16th.

Insider Activity at Vicor

In other news, insider Michael Mcnamara sold 4,237 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $101.23, for a total value of $428,911.51. Following the completion of the sale, the insider directly owned 18,138 shares of the company’s stock, valued at $1,836,109.74. This trade represents a 18.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Alex Gusinov sold 3,844 shares of Vicor stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $97.31, for a total value of $374,059.64. Following the completion of the sale, the vice president owned 10,340 shares in the company, valued at approximately $1,006,185.40. This trade represents a 27.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 172,791 shares of company stock worth $15,776,939 in the last ninety days. Company insiders own 31.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in Vicor by 4.6% during the third quarter. Dimensional Fund Advisors LP now owns 578,515 shares of the electronics maker’s stock worth $28,759,000 after acquiring an additional 25,393 shares during the last quarter. AWM Investment Company Inc. increased its stake in shares of Vicor by 5.7% during the 1st quarter. AWM Investment Company Inc. now owns 372,210 shares of the electronics maker’s stock worth $17,412,000 after purchasing an additional 20,195 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Vicor by 1,921.4% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 267,882 shares of the electronics maker’s stock worth $13,319,000 after purchasing an additional 254,630 shares during the last quarter. Millennium Management LLC raised its position in shares of Vicor by 4,634.5% during the 1st quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock worth $12,379,000 after purchasing an additional 259,022 shares during the last quarter. Finally, Colrain Capital LLC lifted its stake in Vicor by 10.4% in the 3rd quarter. Colrain Capital LLC now owns 254,140 shares of the electronics maker’s stock valued at $12,636,000 after buying an additional 23,940 shares in the last quarter. Institutional investors and hedge funds own 47.45% of the company’s stock.

Vicor Stock Performance

Shares of VICR opened at $104.40 on Thursday. The stock has a 50-day simple moving average of $87.14 and a 200-day simple moving average of $61.74. The stock has a market capitalization of $4.66 billion, a PE ratio of 57.05 and a beta of 1.94. Vicor has a 1 year low of $38.92 and a 1 year high of $104.61.

Vicor (NASDAQ:VICR) last posted its quarterly earnings results on Tuesday, October 21st. The electronics maker reported $0.63 EPS for the quarter, topping the consensus estimate of $0.20 by $0.43. The company had revenue of $110.42 million during the quarter, compared to analysts’ expectations of $95.40 million. Vicor had a net margin of 18.63% and a return on equity of 13.77%. The firm’s revenue was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.26 EPS.

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.