Vicor Corporation (NASDAQ:VICR) Stock Rated "Buy" by Wall Street Analysts

Key Points

• Analysts rate Vicor a consensus “Buy”: Three of five covering analysts recommend buying the stock, one rates it a strong buy, and one recommends holding. The average 12-month price target is $391.67.
• Vicor’s latest quarterly results exceeded expectations, with EPS of $1.04 versus the $0.65 consensus estimate and revenue of $143.35 million, up 49.3% year over year.
• Vicor shares opened at $267.24, while insiders sold 27,053 shares worth approximately $7.75 million over the past three months; institutional investors and hedge funds own 47.45% of the stock.

Shares of Vicor Corporation (NASDAQ:VICR - Get Free Report) have been given an average rating of "Buy" by the five brokerages that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $391.67.

VICR has been the topic of several research analyst reports. Needham & Company LLC boosted their target price on shares of Vicor from $320.00 to $350.00 and gave the stock a "buy" rating in a research report on Thursday, October 1st. Craig Hallum increased their price target on shares of Vicor to $450.00 and gave the company a "buy" rating in a report on Monday, June 22nd. Weiss Ratings downgraded shares of Vicor from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday, September 18th. Wall Street Zen upgraded shares of Vicor from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, Roth Capital reissued a "buy" rating and set a $375.00 price objective on shares of Vicor in a report on Tuesday, September 22nd.

Vicor Stock Performance

Shares of Vicor stock opened at $267.24 on Wednesday. Vicor has a one year low of $50.31 and a one year high of $382.65. The company has a market cap of $12.32 billion, a P/E ratio of 85.65 and a beta of 2.37. The firm has a fifty day moving average of $229.30 and a two-hundred day moving average of $248.60.

Vicor (NASDAQ:VICR - Get Free Report) last released its earnings results on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.39. The company had revenue of $143.35 million for 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 firm's quarterly revenue was up 49.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.91 EPS. As a group, equities analysts predict that Vicor will post 4.07 earnings per share for the current year.

Insider Activity

In related news, CEO Patrizio Vinciarelli sold 20,000 shares of the company'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 sale, the chief executive officer owned 8,307,390 shares in the company, valued at $2,626,215,200.70. This represents a 0.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Zmira Lavie sold 908 shares of the firm's stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $250.00, for a total value of $227,000.00. Following the completion of the transaction, the director directly 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 disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 27,053 shares of company stock worth $7,745,984. Company insiders own 28.30% of the company's stock.

Hedge Funds Weigh In On Vicor

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Carolina Wealth Advisors LLC increased its position in Vicor by 70.9% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 147 shares of the electronics maker's stock worth $56,000 after purchasing an additional 61 shares in the last quarter. GK Wealth Management LLC purchased a new position in Vicor in the 3rd quarter valued at about $52,000. Elevation Wealth Partners LLC purchased a new position in Vicor in the 2nd quarter valued at about $76,000. Blue Trust Inc. lifted 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 purchasing an additional 254 shares in the last quarter. Finally, ROSS JOHNSON & Associates LLC boosted its stake in shares of Vicor by 13,750.0% during the 1st quarter. ROSS JOHNSON & Associates LLC now owns 277 shares of the electronics maker's stock worth $45,000 after purchasing an additional 275 shares during the last quarter. 47.45% of the stock is owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.