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

Key Points

• Analysts remain bullish on Vicor: The stock has an average “Buy” rating and a consensus price target of $391.67, with recent targets ranging from $350 to $450.
• Vicor reported strong quarterly results, posting adjusted earnings of $1.04 per share versus estimates of $0.65 and revenue of $143.35 million, up 49.3% year over year.
• Insiders have been selling shares: Company insiders sold 27,053 shares worth approximately $7.75 million over the past three months, while institutional investors own 47.45% of the stock.

Vicor Corporation (NASDAQ:VICR - Get Free Report)'s stock price gapped up before the market opened on Monday. The stock had previously closed at $266.07, but opened at $274.45. Vicor shares last traded at $256.5220, with a volume of 125,511 shares traded.

Analysts Set New Price Targets

A number of research firms have recently commented on VICR. Roth Capital restated a "buy" rating and issued a $375.00 price objective on shares of Vicor in a report on Tuesday, September 22nd. Craig Hallum boosted their target price on Vicor to $450.00 and gave the stock a "buy" rating in a report on Monday, June 22nd. Wall Street Zen upgraded Vicor from a "hold" rating to a "buy" rating in a report on Saturday. Zacks Research raised shares of Vicor from a "hold" rating to a "strong-buy" rating in a research report on Thursday, October 1st. Finally, Needham & Company LLC raised their price target on shares of Vicor from $320.00 to $350.00 and gave the company a "buy" rating in a report on Thursday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $391.67.

Vicor Trading Down 3.0%

The firm has a market cap of $11.90 billion, a PE ratio of 82.73 and a beta of 2.37. The stock's 50 day moving average price is $227.57 and its 200 day moving average price is $247.47.

Vicor (NASDAQ:VICR - Get Free Report) last posted its earnings results on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.39. Vicor had a net margin of 30.65% and a return on equity of 19.83%. The business had revenue of $143.35 million for the quarter, compared to analyst estimates of $138.37 million. During the same quarter in the previous year, the business posted $0.91 EPS. The business's quarterly revenue was up 49.3% on a year-over-year basis. Analysts forecast that Vicor Corporation will post 4.07 earnings per share for the current year.

Insider Buying and Selling at Vicor

In other news, VP Philip D. Davies sold 3,073 shares of the company's stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $177.70, for a total value of $546,072.10. Following the completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Zmira Lavie sold 908 shares of the stock in a transaction dated 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 sale, the director owned 908 shares of the company's stock, valued at approximately $227,000. This trade represents a 50.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 27,053 shares of company stock valued at $7,745,984 over the last three months. 28.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Vicor

Several hedge funds have recently modified their holdings of VICR. GoalVest Advisory LLC raised its holdings in Vicor by 23.5% in the second quarter. GoalVest Advisory LLC now owns 321 shares of the electronics maker's stock valued at $122,000 after acquiring an additional 61 shares in the last quarter. Carolina Wealth Advisors LLC boosted its stake in Vicor by 70.9% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 147 shares of the electronics maker's stock valued at $56,000 after acquiring an additional 61 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Vicor by 1.2% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,692 shares of the electronics maker's stock worth $916,000 after acquiring an additional 68 shares in the last quarter. First PREMIER Bank grew its holdings in Vicor by 20.0% during the 2nd quarter. First PREMIER Bank now owns 600 shares of the electronics maker's stock worth $228,000 after acquiring an additional 100 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in Vicor by 28.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 465 shares of the electronics maker's stock worth $75,000 after acquiring an additional 103 shares in the last quarter. 47.45% of the stock is currently owned by hedge funds and other institutional investors.

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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