Vicor (NASDAQ:VICR) Stock Price Up 7.4% – Time to Buy?

Shares of Vicor Corporation (NASDAQ:VICR) rose 7.4% during mid-day trading on Monday . The company traded as high as $189.62 and last traded at $185.39. Approximately 219,172 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 716,686 shares. The stock had previously closed at $172.57.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on VICR shares. Wall Street Zen cut shares of Vicor from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vicor in a research report on Wednesday, January 21st. Roth Mkm restated a “buy” rating and issued a $175.00 price objective on shares of Vicor in a report on Thursday, January 22nd. Finally, Zacks Research raised Vicor from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Vicor presently has an average rating of “Buy” and an average price target of $118.33.

Vicor Price Performance

The stock has a market capitalization of $8.21 billion, a price-to-earnings ratio of 70.44 and a beta of 1.83. The firm’s fifty day moving average is $163.76 and its 200-day moving average is $107.65.

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

Insider Transactions at Vicor

In related news, Director Estia J. Eichten sold 38,587 shares of the firm’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $168.27, for a total transaction of $6,493,034.49. Following the completion of the sale, the director directly owned 190,838 shares of the company’s stock, valued at $32,112,310.26. This trade represents a 16.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Patrizio Vinciarelli sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $201.54, for a total transaction of $10,077,000.00. Following the completion of the transaction, the chief executive officer 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. The disclosure for this sale is available in the SEC filing. Insiders have sold 411,267 shares of company stock valued at $65,829,133 in the last three months. 31.30% of the stock is owned by corporate insiders.

Institutional Trading of Vicor

Several institutional investors and hedge funds have recently bought and sold shares of VICR. ProShare Advisors LLC raised its holdings in shares of Vicor by 1.7% in the 4th quarter. ProShare Advisors LLC now owns 4,469 shares of the electronics maker’s stock valued at $490,000 after purchasing an additional 74 shares during the period. Bouvel Investment Partners LLC increased its holdings in Vicor by 0.4% in the fourth quarter. Bouvel Investment Partners LLC now owns 24,183 shares of the electronics maker’s stock valued at $2,650,000 after purchasing an additional 85 shares during the period. Oregon Public Employees Retirement Fund raised its holdings in Vicor by 1.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,238 shares of the electronics maker’s stock worth $574,000 after purchasing an additional 90 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in Vicor by 13.7% during the third quarter. PNC Financial Services Group Inc. now owns 1,129 shares of the electronics maker’s stock worth $56,000 after buying an additional 136 shares during the last quarter. Finally, Truist Financial Corp boosted its position in shares of Vicor by 2.1% during the 4th quarter. Truist Financial Corp now owns 6,940 shares of the electronics maker’s stock valued at $761,000 after purchasing an additional 140 shares in the last quarter. Institutional investors own 47.45% of the company’s stock.

About Vicor

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.