Vicor (NASDAQ:VICR) Stock Price Up 6.3% - Here's What Happened

Key Points

• Vicor shares rose 6.3% to about $203.56, although trading volume was 78% below the stock’s average daily volume.
• Analysts remain broadly bullish, with an average rating of “Buy” and an average price target of $391.67; recent targets ranged from $350 to $450.
• Vicor reported strong quarterly results, beating earnings estimates and posting 49.3% year-over-year revenue growth, while insiders sold approximately $7.75 million of stock over the past 90 days.

Vicor Corporation (NASDAQ:VICR - Get Free Report) traded up 6.3% on Monday. The company traded as high as $204.29 and last traded at $203.5590. 188,970 shares were traded during trading, a decline of 78% from the average daily volume of 860,382 shares. The stock had previously closed at $191.50.

Analysts Set New Price Targets

Several research analysts have weighed in on VICR shares. Wall Street Zen raised shares of Vicor from a "hold" rating to a "buy" rating in a research note on Saturday, October 10th. Zacks Research raised shares of Vicor from a "hold" rating to a "strong-buy" rating in a research note on Thursday, October 1st. Roth Capital reissued a "buy" rating and issued a $375.00 price target on shares of Vicor in a research note on Tuesday, September 22nd. Needham & Company LLC upped their price objective on shares of Vicor from $320.00 to $350.00 and gave the stock a "buy" rating in a report on Thursday, October 1st. Finally, Craig Hallum lifted their target price on shares of Vicor to $450.00 and gave the company a "buy" rating in a report on Monday, June 22nd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $391.67.

Vicor Trading Up 3.0%

The company has a market cap of $9.09 billion, a PE ratio of 63.21 and a beta of 2.37. The company has a fifty day simple moving average of $229.26 and a two-hundred day simple moving average of $250.04.

Vicor (NASDAQ:VICR - Get Free Report) last released its 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. Vicor had a net margin of 30.65% and a return on equity of 19.83%. The firm had revenue of $143.35 million for the quarter, compared to analyst estimates of $138.37 million. During the same period in the prior year, the firm earned $0.91 earnings per share. The business's quarterly revenue was up 49.3% compared to the same quarter last year. On average, research analysts anticipate that Vicor Corporation will post 4.07 EPS for the current fiscal year.

Insider Activity at Vicor

In other Vicor news, CEO Patrizio Vinciarelli sold 20,000 shares of the company's stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $316.13, for a total transaction of $6,322,600.00. Following the completion of the transaction, the chief executive officer owned 8,307,390 shares in the company, 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Zmira Lavie sold 908 shares of the business's stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $250.00, for a total transaction of $227,000.00. Following the transaction, the director owned 908 shares in the company, valued at approximately $227,000. This trade represents a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 27,053 shares of company stock worth $7,745,984 in the last 90 days. 28.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Vicor

A number of large investors have recently modified their holdings of the business. Fortitude Family Office LLC increased its holdings in Vicor by 1,244.4% in the third quarter. Fortitude Family Office LLC now owns 121 shares of the electronics maker's stock valued at $35,000 after purchasing an additional 112 shares during the period. Blue Trust Inc. increased its position in shares of Vicor by 1,814.3% during the first quarter. Blue Trust Inc. now owns 268 shares of the electronics maker's stock valued at $43,000 after buying an additional 254 shares during the period. ROSS JOHNSON & Associates LLC lifted its holdings in shares of Vicor by 13,750.0% in the first quarter. ROSS JOHNSON & Associates LLC now owns 277 shares of the electronics maker's stock worth $45,000 after buying an additional 275 shares in the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of Vicor by 189.4% in the first quarter. Meeder Asset Management Inc. now owns 301 shares of the electronics maker's stock worth $48,000 after buying an additional 197 shares in the last quarter. Finally, GK Wealth Management LLC bought a new position in shares of Vicor in the third quarter valued at approximately $52,000. 47.45% of the stock is owned by hedge funds and other institutional investors.

Vicor Company Profile

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.

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