Vicor Corporation (NASDAQ:VICR) Receives $381.67 Average Price Target from Analysts

Vicor Corporation (NASDAQ:VICR) has received a consensus rating of “Moderate Buy” from the five analysts that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $381.6667.

Several brokerages have weighed in on VICR. Craig Hallum increased their target price on shares of Vicor to $450.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Weiss Ratings lowered shares of Vicor from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, July 23rd. Zacks Research cut shares of Vicor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 2nd. Roth Capital boosted their target price on Vicor from $285.00 to $375.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Finally, Wall Street Zen cut Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th.

Insider Activity at Vicor

In related news, CEO Patrizio Vinciarelli sold 700 shares of the stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $302.40, for a total transaction of $211,680.00. Following the transaction, the chief executive officer owned 8,347,390 shares of the company’s stock, valued at approximately $2,524,250,736. This represents a 0.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Philip D. Davies sold 3,072 shares of Vicor stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $211.69, for a total value of $650,311.68. Following the completion of the transaction, the vice president directly owned 1,920 shares of the company’s stock, valued at approximately $406,444.80. This represents a 61.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 345,347 shares of company stock worth $111,184,564. 28.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Vicor

Several large investors have recently added to or reduced their stakes in the business. Global Retirement Partners LLC acquired a new stake in Vicor during the 2nd quarter worth approximately $873,000. Bank of New York Mellon Corp acquired a new position in shares of Vicor in the second quarter worth $53,161,000. Sandro Wealth Management LLC purchased a new stake in shares of Vicor during the second quarter worth $3,988,000. State of Wyoming acquired a new stake in shares of Vicor in the second quarter valued at $190,000. Finally, Andar Capital Management HK Ltd acquired a new stake in shares of Vicor in the second quarter valued at $101,100,000. 47.45% of the stock is owned by hedge funds and other institutional investors.

Vicor Stock Down 0.2%

VICR stock opened at $218.72 on Friday. Vicor has a 52-week low of $45.41 and a 52-week high of $382.65. The stock has a market cap of $9.97 billion, a price-to-earnings ratio of 70.10 and a beta of 2.37. The business has a fifty day moving average of $277.90 and a two-hundred day moving average of $229.02.

Vicor (NASDAQ:VICR) last released its quarterly earnings results on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.39. The business had revenue of $143.35 million during the quarter, compared to analysts’ expectations of $138.37 million. Vicor had a return on equity of 19.83% and a net margin of 30.65%.The company’s revenue was up 49.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.91 EPS. As a group, sell-side analysts anticipate that Vicor will post 3.12 EPS for the current year.

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.