Vicor Corporation (NASDAQ:VICR) Receives Consensus Recommendation of “Buy” from Analysts

Vicor Corporation (NASDAQ:VICR) has been given an average rating of “Buy” by the five brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $118.3333.

A number of equities research analysts have commented on the company. Zacks Research upgraded Vicor from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Roth Mkm reiterated a “buy” rating and issued a $175.00 target price on shares of Vicor in a report on Thursday, January 22nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Vicor in a research report on Wednesday, January 21st.

Vicor Stock Down 3.1%

Shares of NASDAQ:VICR opened at $153.02 on Friday. The company’s fifty day moving average is $171.16 and its two-hundred day moving average is $115.67. The company has a market cap of $6.94 billion, a P/E ratio of 58.63 and a beta of 1.84. Vicor has a 12-month low of $38.92 and a 12-month high of $209.53.

Vicor (NASDAQ:VICR) last issued its earnings results on Thursday, February 19th. The electronics maker reported $1.01 EPS for the quarter, topping the consensus estimate of $0.38 by $0.63. Vicor had a return on equity of 18.73% and a net margin of 26.19%.The business had revenue of $362.70 million during the quarter, compared to analysts’ expectations of $107.78 million. During the same quarter last year, the firm posted $0.23 earnings per share. Vicor’s revenue was up 11.5% compared to the same quarter last year.

Insider Activity at Vicor

In other Vicor news, Director Estia J. Eichten sold 38,587 shares of the stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $168.27, for a total value of $6,493,034.49. Following the completion of the sale, the director owned 190,838 shares in the company, valued at $32,112,310.26. This represents a 16.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Patrizio Vinciarelli sold 50,000 shares of Vicor stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $201.54, for a total transaction of $10,077,000.00. Following the sale, the chief executive officer directly owned 9,608,163 shares of the company’s stock, valued at $1,936,429,171.02. This trade represents a 0.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 559,542 shares of company stock worth $99,520,379. Company insiders own 31.30% of the company’s stock.

Institutional Trading of Vicor

Institutional investors have recently bought and sold shares of the company. Royal Bank of Canada increased its position in Vicor by 6.0% in the 1st quarter. Royal Bank of Canada now owns 15,167 shares of the electronics maker’s stock worth $709,000 after purchasing an additional 857 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Vicor by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,537 shares of the electronics maker’s stock valued at $633,000 after buying an additional 563 shares during the last quarter. Millennium Management LLC grew its stake in shares of Vicor by 4,634.5% in the 1st quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock valued at $12,379,000 after buying an additional 259,022 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Vicor by 38.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 41,541 shares of the electronics maker’s stock valued at $1,943,000 after buying an additional 11,525 shares in the last quarter. Finally, Acadian Asset Management LLC increased its holdings in Vicor by 56.1% in the first quarter. Acadian Asset Management LLC now owns 8,860 shares of the electronics maker’s stock worth $413,000 after buying an additional 3,184 shares during the last quarter. Institutional investors and hedge funds own 47.45% of the company’s stock.

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.