Vicor's (VICR) Buy Rating Reiterated at Roth Capital

Vicor (NASDAQ:VICR - Get Free Report)'s stock had its "buy" rating restated by Roth Capital in a research report issued on Tuesday, September 22nd, Benzinga reports. They currently have a $375.00 target price on the electronics maker's stock. Roth Capital's price objective indicates a potential upside of 29.01% from the company's current price.

A number of other equities analysts have also recently weighed in on the company. Needham & Company LLC reiterated a "buy" rating and set a $320.00 price target on shares of Vicor in a report on Tuesday, September 22nd. Zacks Research cut Vicor from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 2nd. Weiss Ratings cut Vicor from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday, September 18th. Finally, Craig Hallum increased their price target on Vicor to $450.00 and gave the stock a "buy" rating in a report on Monday, June 22nd. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $381.67.

Vicor Stock Performance

Shares of NASDAQ VICR traded up $5.58 during mid-day trading on Tuesday, reaching $290.68. 524,185 shares of the company's stock were exchanged, compared to its average volume of 851,173. The firm has a market capitalization of $13.40 billion, a price-to-earnings ratio of 93.17 and a beta of 2.35. Vicor has a 52-week low of $48.31 and a 52-week high of $382.65. The company's 50-day moving average is $212.70 and its 200-day moving average is $240.48.

Vicor (NASDAQ:VICR - Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share for the quarter, topping analysts' consensus estimates of $0.65 by $0.39. The business had revenue of $143.35 million during the quarter, compared to analysts' expectations of $138.37 million. Vicor had a return on equity of 19.83% and a net margin of 30.65%.The company's revenue was up 49.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.91 EPS. As a group, equities analysts predict that Vicor will post 3.64 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Patrizio Vinciarelli sold 20,000 shares of the stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $318.88, for a total transaction of $6,377,600.00. Following the transaction, the chief executive officer owned 8,348,090 shares of the company's stock, valued at approximately $2,662,038,939.20. This represents a 0.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 value of $227,000.00. Following the transaction, the director directly owned 908 shares in the company, valued at approximately $227,000. The trade was a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 30,826 shares of company stock valued at $9,109,633. Corporate insiders own 28.30% of the company's stock.

Hedge Funds Weigh In On Vicor

Hedge funds have recently bought and sold shares of the company. Envestnet Asset Management Inc. raised its position in Vicor by 133.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 7,639 shares of the electronics maker's stock valued at $2,901,000 after purchasing an additional 4,360 shares in the last quarter. Tidal Investments LLC raised its position in Vicor by 87.8% in the 2nd quarter. Tidal Investments LLC now owns 82,874 shares of the electronics maker's stock valued at $31,474,000 after purchasing an additional 38,756 shares in the last quarter. IPG Investment Advisors LLC acquired a new stake in Vicor in the 2nd quarter valued at about $366,000. Integrated Wealth Concepts LLC acquired a new stake in Vicor in the 2nd quarter valued at about $757,000. Finally, Baird Financial Group Inc. acquired a new stake in Vicor in the 2nd quarter valued at about $863,000. Institutional investors and hedge funds own 47.45% of the company's stock.

Vicor Company Profile

Vicor Corporation NASDAQ: VICR designs, manufactures and markets modular power components and power systems. The company's products are used to convert, regulate and distribute electrical power in electronic systems, with an emphasis on high-density, efficient and scalable power-conversion technology.

Its portfolio includes AC-to-DC and DC-to-DC power modules, bus converters, point-of-load regulators, power accessories and complete power systems. Vicor's Factorized Power Architecture separates power conversion, transformation and regulation functions to help customers address power-density, thermal-management and system-design requirements.

Vicor serves customers in markets including data centers and communications infrastructure, automotive and transportation, aerospace and defense, industrial equipment, and other high-performance electronics applications.