Vicor (NASDAQ:VICR) Stock Price Expected to Rise, Needham & Company LLC Analyst Says

Vicor (NASDAQ:VICR) had its price target raised by research analysts at Needham & Company LLC to $400.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the electronics maker’s stock. Needham & Company LLC’s target price indicates a potential upside of 20.71% from the stock’s current price.

A number of other research analysts also recently commented on the stock. Zacks Research raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Roth Mkm reaffirmed a “buy” rating and issued a $245.00 target price on shares of Vicor in a report on Monday, April 20th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Vicor in a research note on Monday, June 1st. Finally, Wall Street Zen cut Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. 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 company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $245.00.

Vicor Price Performance

VICR stock opened at $331.37 on Monday. The business has a 50 day moving average price of $275.42 and a two-hundred day moving average price of $193.50. The company has a market cap of $15.10 billion, a price-to-earnings ratio of 110.83 and a beta of 2.36. Vicor has a twelve month low of $41.76 and a twelve month high of $361.89.

Vicor (NASDAQ:VICR) last posted its quarterly earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.04. The firm had revenue of $112.97 million for the quarter, compared to analyst estimates of $109.05 million. Vicor had a return on equity of 20.21% and a net margin of 28.98%.The business’s quarterly revenue was up 20.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.06 EPS. On average, equities research analysts anticipate that Vicor will post 2.71 EPS for the current fiscal year.

Insider Activity at Vicor

In related news, VP Claudio Tuozzolo sold 730 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $292.89, for a total value of $213,809.70. Following the completion of the sale, the vice president directly owned 13,240 shares in the company, valued at $3,877,863.60. The trade was a 5.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Philip D. Davies sold 3,072 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $321.69, for a total value of $988,231.68. Following the transaction, the vice president owned 1,920 shares in the company, valued at $617,644.80. The trade was a 61.54% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 470,099 shares of company stock worth $118,433,183. 28.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Federated Hermes Inc. bought a new stake in shares of Vicor in the fourth quarter valued at approximately $27,000. Harbour Investments Inc. bought a new stake in shares of Vicor during the 4th quarter valued at $32,000. Allworth Financial LP lifted its position in shares of Vicor by 960.0% during the 4th quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock valued at $35,000 after acquiring an additional 288 shares during the period. NBC Securities Inc. acquired a new stake in shares of Vicor during the 4th quarter worth $36,000. Finally, SBI Securities Co. Ltd. grew its holdings in shares of Vicor by 32,400.0% during the 4th quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker’s stock worth $36,000 after purchasing an additional 324 shares in the last quarter. Institutional investors and hedge funds 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.