Vicor (NASDAQ:VICR) Reaches New 12-Month High – Here’s Why

Vicor Corporation (NASDAQ:VICR) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $153.00 and last traded at $153.2150, with a volume of 94695 shares trading hands. The stock had previously closed at $145.32.

Analyst Ratings Changes

VICR has been the topic of several recent research reports. Needham & Company LLC set a $90.00 target price on Vicor and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Craig Hallum raised Vicor from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a research note on Wednesday, October 22nd. Roth Capital initiated coverage on Vicor in a report on Tuesday, December 16th. They issued a “buy” rating and a $115.00 target price for the company. Wall Street Zen lowered Vicor from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 23rd. Finally, Zacks Research raised shares of Vicor to a “hold” rating in a report on Tuesday, December 16th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $98.33.

Vicor Stock Performance

The firm has a market cap of $6.70 billion, a price-to-earnings ratio of 81.82 and a beta of 1.90. The company has a 50 day moving average price of $103.51 and a 200 day moving average price of $71.59.

Vicor (NASDAQ:VICR) last issued its quarterly earnings data on Tuesday, October 21st. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.43. Vicor had a return on equity of 13.77% and a net margin of 18.63%.The firm had revenue of $110.42 million during the quarter, compared to the consensus estimate of $95.40 million. During the same period last year, the company earned $0.26 EPS. The company’s quarterly revenue was up 18.5% on a year-over-year basis.

Insider Transactions at Vicor

In other Vicor news, CAO Quentin A. Fendelet sold 16,561 shares of the business’s stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $88.31, for a total value of $1,462,501.91. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Philip D. Davies sold 15,763 shares of the firm’s stock in a transaction on Friday, October 24th. The stock was sold at an average price of $92.07, for a total value of $1,451,299.41. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 279,145 shares of company stock worth $27,313,654. 31.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Vicor

Several hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in Vicor by 4.6% during the third quarter. Dimensional Fund Advisors LP now owns 578,515 shares of the electronics maker’s stock worth $28,759,000 after purchasing an additional 25,393 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in shares of Vicor by 1,921.4% in the third quarter. Arrowstreet Capital Limited Partnership now owns 267,882 shares of the electronics maker’s stock valued at $13,319,000 after purchasing an additional 254,630 shares in the last quarter. Millennium Management LLC increased its stake in Vicor by 4,634.5% during the 1st quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock worth $12,379,000 after buying an additional 259,022 shares during the period. Colrain Capital LLC lifted its holdings in Vicor by 10.4% during the 3rd quarter. Colrain Capital LLC now owns 254,140 shares of the electronics maker’s stock worth $12,636,000 after buying an additional 23,940 shares in the last quarter. Finally, CIBC Bancorp USA Inc. purchased a new position in Vicor in the 3rd quarter valued at approximately $12,625,000. Institutional investors and hedge funds own 47.45% of the company’s stock.

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.