Vicor (NASDAQ:VICR) Stock Rating Reaffirmed as “Buy” by Needham & Company LLC

Vicor (NASDAQ:VICR)‘s stock had its “buy” rating restated by equities research analysts at Needham & Company LLC in a research note issued to investors on Tuesday, Benzinga reports. They presently have a $350.00 price objective on the electronics maker’s stock. Needham & Company LLC‘s target price would indicate a potential upside of 96.22% from the company’s previous close.

Several other analysts also recently weighed in on VICR. Weiss Ratings downgraded Vicor from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, September 18th. 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. Craig Hallum lifted their target price on Vicor to $450.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Zacks Research upgraded Vicor from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 1st. Finally, Wall Street Zen upgraded Vicor from a “hold” rating to a “buy” rating in a research report on Saturday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $386.67.

Vicor Stock Down 0.9%

VICR traded down $1.62 during trading on Tuesday, reaching $178.37. The company had a trading volume of 240,068 shares, compared to its average volume of 878,300. The stock has a market cap of $8.22 billion, a P/E ratio of 46.75 and a beta of 2.37. The business has a 50 day simple moving average of $227.57 and a 200-day simple moving average of $251.15. Vicor has a 52 week low of $80.29 and a 52 week high of $382.65.

Vicor (NASDAQ:VICR) last issued its quarterly earnings results on Tuesday, October 20th. The electronics maker reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.01. The company had revenue of $197.11 million during the quarter, compared to the consensus estimate of $187.03 million. Vicor had a return on equity of 22.49% and a net margin of 32.15%. Vicor’s revenue was up 78.5% on a year-over-year basis. During the same period last year, the company earned $0.63 earnings per share. As a group, equities research analysts expect that Vicor will post 4.13 EPS for the current fiscal year.

Insider Buying and Selling at Vicor

In other Vicor news, CEO Patrizio Vinciarelli sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, October 1st. The stock was 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 directly owned 8,307,390 shares of the company’s stock, valued at approximately $2,626,215,200.70. The trade was a 0.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Zmira Lavie sold 908 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $250.00, for a total value of $227,000.00. Following the sale, the director owned 908 shares of the company’s stock, valued at $227,000. The trade was a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 27,053 shares of company stock valued at $7,745,984. 28.30% of the stock is owned by company insiders.

Institutional Trading of Vicor

Large investors have recently added to or reduced their stakes in the stock. Fortitude Family Office LLC grew its holdings in Vicor by 1,244.4% in the 3rd quarter. Fortitude Family Office LLC now owns 121 shares of the electronics maker’s stock valued at $35,000 after buying an additional 112 shares in the last quarter. Carolina Wealth Advisors LLC grew its holdings 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. GK Wealth Management LLC purchased a new stake in Vicor in the 3rd quarter valued at $52,000. Elevation Wealth Partners LLC purchased a new stake in Vicor in the 2nd quarter valued at $76,000. Finally, Blue Trust Inc. grew its holdings in Vicor by 1,814.3% in the 1st quarter. Blue Trust Inc. now owns 268 shares of the electronics maker’s stock valued at $43,000 after buying an additional 254 shares in the last quarter. 47.45% of the stock is currently owned by hedge funds and other institutional investors.

About Vicor

Vicor Corporation (NASDAQ: VICR) designs, develops, manufactures and markets modular power components and systems. The company’s products convert, regulate and distribute electrical power for electronic equipment, with an emphasis on high-performance, compact and efficient power solutions.

Its portfolio includes AC-to-DC and DC-to-DC converters, regulators, power modules, power distribution components and complete power systems. Vicor’s technologies include its Factorized Power Architecture and high-density ChiP packaging, which are designed to help engineers manage power more efficiently while reducing the size and complexity of electronic systems.

Vicor serves customers in industries such as data centers and computing, telecommunications, automotive, aerospace and defense, industrial equipment, and consumer electronics.