Vicor (NASDAQ:VICR) Stock Price Up 8.1% - Still a Buy?

Key Points

• Vicor shares rose 8.1% to about $192.52, though trading volume was 86% below the average daily level.
• Analyst sentiment remains cautiously positive, with three Buy ratings and two Holds producing a “Moderate Buy” consensus and an average price target of $381.67.
• Vicor reported strong quarterly results, including $1.04 in EPS versus $0.65 expected and 49.3% year-over-year revenue growth; however, insiders have sold roughly $59.2 million of stock over the past 90 days.

Shares of Vicor Corporation (NASDAQ:VICR - Get Free Report) were up 8.1% during trading on Friday . The company traded as high as $189.43 and last traded at $192.5190. 113,359 shares changed hands during trading, a decline of 86% from the average daily volume of 832,077 shares. The stock had previously closed at $178.05.

Analyst Ratings Changes

A number of brokerages have issued reports on VICR. Weiss Ratings raised shares of Vicor from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, September 3rd. Craig Hallum boosted their price target on Vicor to $450.00 and gave the stock a "buy" rating in a research note on Monday, June 22nd. Roth Capital upped their price target on Vicor from $285.00 to $375.00 and gave the stock a "buy" rating in a report on Monday, June 22nd. Zacks Research downgraded Vicor from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 2nd. Finally, Needham & Company LLC reduced their price objective on Vicor from $400.00 to $320.00 and set a "buy" rating for the company in a report on Tuesday, July 21st. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $381.67.

Vicor Price Performance

The business's 50-day simple moving average is $218.82 and its 200-day simple moving average is $236.70. The company has a market cap of $9.10 billion, a price-to-earnings ratio of 63.23 and a beta of 2.35.

Vicor (NASDAQ:VICR - Get Free Report) last announced its earnings results on Tuesday, July 21st. The electronics maker reported $1.04 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.39. The firm 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%.Vicor's quarterly revenue was up 49.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.91 EPS. As a group, sell-side analysts forecast that Vicor Corporation will post 3.28 EPS for the current year.

Insiders Place Their Bets

In other news, VP Philip Davies sold 3,073 shares of Vicor stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $177.70, for a total transaction of $546,072.10. Following the completion of the sale, the vice president directly owned 1,920 shares in the company, valued at $341,184. The trade was a 61.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Patrizio Vinciarelli sold 700 shares of the business's stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $302.40, for a total transaction of $211,680.00. Following the completion of the transaction, the chief executive officer directly owned 8,347,390 shares of the company's stock, valued at approximately $2,524,250,736. This represents a 0.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 177,536 shares of company stock valued at $59,194,338 in the last ninety days. Insiders own 28.30% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in shares of Vicor during the second quarter worth approximately $934,612,000. Convergence Investment Partners LLC acquired a new stake in Vicor during the fourth quarter worth about $1,631,000. Maxi Investments CY Ltd acquired a new stake in shares of Vicor during the 2nd quarter worth approximately $2,089,000. Jupiter Topco LLC bought a new stake in Vicor in the second quarter valued at $3,934,000. Finally, The Manufacturers Life Insurance Company lifted its position in Vicor by 39.6% in the 1st quarter. The Manufacturers Life Insurance Company now owns 603,364 shares of the electronics maker's stock valued at $97,142,000 after purchasing an additional 171,175 shares during the last quarter. 47.45% of the stock is currently owned by institutional investors and hedge funds.

About Vicor

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.

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