Vicor (NASDAQ:VICR) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded Vicor from “hold” to “buy,” contributing to an overall MarketBeat analyst consensus of “Buy” with an average price target of $391.67.
• Vicor reported quarterly EPS of $1.04, exceeding the $0.65 consensus estimate, while revenue rose 49.3% year over year to $143.35 million.
• Shares opened at $266.07, with a market capitalization of $12.27 billion; insiders sold approximately $7.75 million worth of stock over the past 90 days.

Vicor (NASDAQ:VICR - Get Free Report) was upgraded by analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

VICR has been the subject of several other research reports. Weiss Ratings downgraded Vicor from a "hold (c+)" rating to a "hold (c)" rating in a research note on Friday, September 18th. Zacks Research raised Vicor from a "hold" rating to a "strong-buy" rating in a research note on Thursday, October 1st. Roth Capital restated a "buy" rating and issued a $375.00 target price on shares of Vicor in a report on Tuesday, September 22nd. Needham & Company LLC boosted their target price on Vicor from $320.00 to $350.00 and gave the stock a "buy" rating in a report on Thursday, October 1st. Finally, Craig Hallum upped their target price on Vicor to $450.00 and gave the stock a "buy" rating in a research report on Monday, June 22nd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $391.67.

Vicor Stock Up 1.4%

Shares of NASDAQ:VICR opened at $266.07 on Friday. The company's fifty day moving average is $227.57 and its two-hundred day moving average is $246.95. Vicor has a 12-month low of $48.53 and a 12-month high of $382.65. The company has a market cap of $12.27 billion, a P/E ratio of 85.28 and a beta of 2.37.

Vicor (NASDAQ:VICR - Get Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share (EPS) 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 analyst estimates of $138.37 million. Vicor had a net margin of 30.65% and a return on equity of 19.83%. The firm's revenue was up 49.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.91 earnings per share. Equities research analysts anticipate that Vicor will post 4.07 earnings per share for the current year.

Insider Activity

In other news, CEO Patrizio Vinciarelli sold 20,000 shares of the 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. This represents a 0.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Philip D. Davies sold 3,073 shares of the stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $177.70, for a total value of $546,072.10. Following the transaction, the vice president owned 1,920 shares of the company's stock, valued at $341,184. This represents a 61.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 27,053 shares of company stock worth $7,745,984. Company insiders own 28.30% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. GK Wealth Management LLC acquired a new position in shares of Vicor in the 3rd quarter worth approximately $52,000. GAMMA Investing LLC increased its holdings in Vicor by 22.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,861 shares of the electronics maker's stock valued at $538,000 after purchasing an additional 343 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in Vicor by 27.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 497 shares of the electronics maker's stock valued at $144,000 after purchasing an additional 107 shares in the last quarter. CoreCap Advisors LLC raised its position in Vicor by 668.0% in the 3rd quarter. CoreCap Advisors LLC now owns 8,171 shares of the electronics maker's stock valued at $2,361,000 after purchasing an additional 7,107 shares during the last quarter. Finally, Venture Visionary Partners LLC bought a new position in Vicor in the 3rd quarter valued at $2,987,000. Institutional investors own 47.45% of the company's stock.

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.

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