Vicor (NASDAQ:VICR) Shares Gap Up – Time to Buy?

Vicor Corporation (NASDAQ:VICR)’s share price gapped up before the market opened on Wednesday. The stock had previously closed at $161.68, but opened at $176.94. Vicor shares last traded at $172.9550, with a volume of 86,654 shares trading hands.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on VICR. Needham & Company LLC restated a “buy” rating and issued a $350.00 price target on shares of Vicor in a research report on Tuesday, October 20th. Zacks Research raised Vicor from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 1st. Weiss Ratings raised shares of Vicor from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, October 27th. Wall Street Zen lowered Vicor from a “buy” rating to a “hold” rating in a research report on Saturday, October 24th. Finally, Roth Capital set a $360.00 target price on shares of Vicor in a research report on Wednesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $386.67.

Vicor Price Performance

The business’s 50 day simple moving average is $219.81 and its 200 day simple moving average is $226.46. The company has a market capitalization of $8.16 billion, a PE ratio of 46.09 and a beta of 2.45.

Vicor (NASDAQ:VICR) last issued its quarterly earnings data on Tuesday, October 20th. The electronics maker reported $1.33 EPS for the quarter, topping the consensus estimate of $1.32 by $0.01. The firm had revenue of $197.11 million for the quarter, compared to analyst estimates of $187.03 million. Vicor had a net margin of 32.15% and a return on equity of 22.49%. The business’s revenue for the quarter was up 78.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.63 EPS. As a group, analysts anticipate that Vicor Corporation will post 3.94 EPS for the current year.

Insider Transactions at Vicor

In related news, VP Philip Davies sold 3,073 shares of Vicor stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $183.26, for a total transaction of $563,157.98. Following the completion of the transaction, the vice president directly owned 1,920 shares in the company, valued at $351,859.20. The trade was a 61.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Patrizio Vinciarelli sold 20,000 shares of the business’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $316.13, for a total value of $6,322,600.00. Following the completion of the transaction, the chief executive officer owned 8,307,390 shares of the company’s stock, valued at $2,626,215,200.70. This trade represents a 0.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 27,054 shares of company stock valued at $7,658,830 in the last 90 days. 28.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Vicor

Several large investors have recently modified their holdings of the stock. Fortitude Family Office LLC lifted its holdings in shares of Vicor by 1,244.4% in the third quarter. Fortitude Family Office LLC now owns 121 shares of the electronics maker’s stock valued at $35,000 after purchasing an additional 112 shares in the last quarter. ROSS JOHNSON & Associates LLC boosted its holdings in Vicor by 13,750.0% during the first quarter. ROSS JOHNSON & Associates LLC now owns 277 shares of the electronics maker’s stock valued at $45,000 after acquiring an additional 275 shares during the period. Meeder Asset Management Inc. boosted its holdings in Vicor by 189.4% during the first quarter. Meeder Asset Management Inc. now owns 301 shares of the electronics maker’s stock valued at $48,000 after acquiring an additional 197 shares during the period. GK Wealth Management LLC bought a new stake in Vicor during the third quarter valued at about $52,000. Finally, Carolina Wealth Advisors LLC grew its position in shares of Vicor by 70.9% in the second quarter. Carolina Wealth Advisors LLC now owns 147 shares of the electronics maker’s stock valued at $56,000 after purchasing an additional 61 shares during the last quarter. Institutional investors own 47.45% of the company’s stock.

About Vicor

Vicor Corporation designs, develops, manufactures and markets modular power components and power systems. Its products convert and regulate electrical power, including AC-to-DC and DC-to-DC converters, and are used to deliver power efficiently in electronic equipment. The company’s offerings include configurable power modules and systems based on its power-conversion architectures. Vicor serves customers in markets such as data centers and computing, telecommunications, industrial equipment, aerospace and defense, and automotive applications.