Vicor (NASDAQ:VICR) Shares Gap Up – Time to Buy?

Vicor Corporation (NASDAQ:VICR) gapped up prior to trading on Tuesday . The stock had previously closed at $267.99, but opened at $296.45. Vicor shares last traded at $300.85, with a volume of 242,290 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Needham & Company LLC boosted their price objective on shares of Vicor from $180.00 to $260.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Roth Mkm reissued a “buy” rating and issued a $245.00 price objective on shares of Vicor in a report on Monday, April 20th. Wall Street Zen downgraded shares of Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Finally, Zacks Research raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Vicor currently has an average rating of “Buy” and an average target price of $198.33.

Vicor Trading Up 18.3%

The firm’s 50-day moving average price is $219.98 and its 200 day moving average price is $163.18. The company has a market capitalization of $14.45 billion, a price-to-earnings ratio of 106.02 and a beta of 2.33.

Vicor (NASDAQ:VICR) last issued its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 EPS for the quarter, beating the consensus estimate of $0.40 by $0.04. The company had revenue of $112.97 million during the quarter, compared to analysts’ expectations of $109.05 million. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The business’s revenue for the quarter was up 20.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.06 EPS. As a group, equities research analysts anticipate that Vicor Corporation will post 2.71 earnings per share for the current fiscal year.

Insider Activity at Vicor

In other news, CEO Patrizio Vinciarelli sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $177.25, for a total value of $8,862,500.00. Following the completion of the transaction, the chief executive officer directly owned 9,408,163 shares in the company, valued at approximately $1,667,596,891.75. The trade was a 0.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders have sold 722,802 shares of company stock valued at $140,984,192. 31.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Vicor

Institutional investors have recently added to or reduced their stakes in the stock. Federated Hermes Inc. acquired a new position in Vicor during the 4th quarter worth approximately $27,000. Blue Trust Inc. increased its position in Vicor by 1,814.3% during the 1st quarter. Blue Trust Inc. now owns 268 shares of the electronics maker’s stock worth $43,000 after purchasing an additional 254 shares in the last quarter. ROSS JOHNSON & Associates LLC increased its position in Vicor by 13,750.0% during the 1st quarter. ROSS JOHNSON & Associates LLC now owns 277 shares of the electronics maker’s stock worth $45,000 after purchasing an additional 275 shares in the last quarter. Harbour Investments Inc. acquired a new position in Vicor during the 4th quarter worth approximately $32,000. Finally, Meeder Asset Management Inc. increased its position in Vicor by 189.4% during the 1st quarter. Meeder Asset Management Inc. now owns 301 shares of the electronics maker’s stock worth $48,000 after purchasing an additional 197 shares in the last quarter. 47.45% of the stock is currently owned by institutional investors and hedge funds.

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.