Vicor (NASDAQ:VICR) Raised to “Buy” at Wall Street Zen

Vicor (NASDAQ:VICR) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Several other equities research analysts also recently issued reports on the company. Craig Hallum increased their price objective on Vicor to $450.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Weiss Ratings cut Vicor from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, September 18th. Zacks Research upgraded Vicor from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 1st. Roth Capital reiterated a “buy” rating and issued a $375.00 target price on shares of Vicor in a report on Tuesday, September 22nd. Finally, Needham & Company LLC increased their price target on shares of Vicor from $320.00 to $350.00 and gave the stock a “buy” rating in a research report on Thursday, October 1st. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $391.67.

Vicor Stock Performance

Shares of NASDAQ:VICR opened at $266.07 on Friday. The firm has a 50 day simple moving average of $227.57 and a 200 day simple moving average of $247.47. Vicor has a 52 week low of $48.53 and a 52 week high of $382.65. The company has a market cap of $12.27 billion, a PE ratio of 85.28 and a beta of 2.37.

Vicor (NASDAQ:VICR) last posted its quarterly earnings data on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.39. The firm had revenue of $143.35 million for the quarter, compared to analysts’ expectations of $138.37 million. Vicor had a net margin of 30.65% and a return on equity of 19.83%. The company’s quarterly revenue was up 49.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.91 EPS. On average, equities analysts predict that Vicor will post 4.07 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Zmira Lavie sold 908 shares of Vicor stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $250.00, for a total value of $227,000.00. Following the transaction, the director owned 908 shares of the company’s stock, valued at $227,000. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Philip D. Davies sold 3,073 shares of the business’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $177.70, for a total transaction of $546,072.10. Following the completion of the sale, the vice president owned 1,920 shares of the company’s stock, valued at $341,184. The trade was a 61.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 27,053 shares of company stock valued at $7,745,984 over the last 90 days. 28.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Vicor

Several large investors have recently made changes to their positions in the business. GoalVest Advisory LLC boosted its holdings in Vicor by 23.5% in the 2nd quarter. GoalVest Advisory LLC now owns 321 shares of the electronics maker’s stock valued at $122,000 after purchasing an additional 61 shares during the period. Carolina Wealth Advisors LLC boosted its stake in Vicor by 70.9% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 147 shares of the electronics maker’s stock valued at $56,000 after buying an additional 61 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Vicor by 1.2% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,692 shares of the electronics maker’s stock valued at $916,000 after purchasing an additional 68 shares in the last quarter. First PREMIER Bank boosted its position in Vicor by 20.0% in the second quarter. First PREMIER Bank now owns 600 shares of the electronics maker’s stock valued at $228,000 after buying an additional 100 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in Vicor by 28.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 465 shares of the electronics maker’s stock worth $75,000 after acquiring an additional 103 shares during the last quarter. Institutional investors and hedge funds own 47.45% of the company’s stock.

Vicor Company Profile

Vicor Corporation (NASDAQ:VICR) designs, develops, manufactures and markets modular power-conversion products and systems. Its technologies are used to convert, regulate and distribute electrical power in electronic equipment, with an emphasis on compact, efficient and scalable power-delivery architectures.

The company’s product portfolio includes AC-to-DC and DC-to-DC converters, power modules, power systems and related components. Vicor’s Factorized Power Architecture and associated products are designed to support power delivery from the source to processors, memory, communications equipment and other demanding loads.

Founded in 1981 and headquartered in Andover, Massachusetts, Vicor serves customers and markets worldwide.