Vicor Corporation (NASDAQ:VICR) Stock Now Rated “Buy” by Sell-Side Brokerages

Vicor Corporation (NASDAQ:VICR) has earned a consensus rating of “Buy” from the five research firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $391.67.

Several equities research analysts have recently issued reports on VICR shares. Craig Hallum raised their price objective on Vicor to $450.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Wall Street Zen upgraded Vicor from a “hold” rating to a “buy” rating in a research note on Saturday. Needham & Company LLC increased their target price on Vicor from $320.00 to $350.00 and gave the stock a “buy” rating in a research report on Thursday, October 1st. Roth Capital reiterated a “buy” rating and set a $375.00 target price on shares of Vicor in a research report on Tuesday, September 22nd. Finally, Weiss Ratings lowered Vicor from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, September 18th.

Insider Activity

In other news, CEO Patrizio Vinciarelli sold 20,000 shares of the stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $316.13, for a total transaction of $6,322,600.00. Following the transaction, the chief executive officer directly owned 8,307,390 shares in the company, valued at $2,626,215,200.70. This represents a 0.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Zmira Lavie sold 908 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $250.00, for a total transaction of $227,000.00. Following the transaction, the director owned 908 shares in the company, valued at approximately $227,000. The trade was a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 27,053 shares of company stock valued at $7,745,984 in the last 90 days. 28.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Vicor

A number of large investors have recently bought and sold shares of the stock. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Vicor during the 3rd quarter valued at $428,000. Fermata Advisors LLC increased its holdings in shares of Vicor by 74.3% during the 3rd quarter. Fermata Advisors LLC now owns 1,682 shares of the electronics maker’s stock worth $486,000 after buying an additional 717 shares during the last quarter. NorthCrest Asset Manangement LLC purchased a new position in shares of Vicor in the 3rd quarter worth $417,000. GK Wealth Management LLC purchased a new position in shares of Vicor in the 3rd quarter worth $52,000. Finally, GAMMA Investing LLC raised its position in shares of Vicor by 22.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,861 shares of the electronics maker’s stock worth $538,000 after buying an additional 343 shares during the period. Hedge funds and other institutional investors own 47.45% of the company’s stock.

Vicor Stock Performance

VICR stock opened at $267.24 on Wednesday. The stock has a market capitalization of $12.32 billion, a P/E ratio of 85.65 and a beta of 2.37. Vicor has a one year low of $50.31 and a one year high of $382.65. The company has a 50 day moving average price of $229.30 and a two-hundred day moving average price of $248.60.

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

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.