Vicor (NASDAQ:VICR) Hits New 1-Year High - What's Next?

Key Points

• Vicor Corporation's shares reached a new 52-week high at $67.82 during mid-day trading, demonstrating a significant increase from the previous close of $58.04.
• The company's recent earnings report exceeded expectations, with reported earnings of $0.91 per share, far surpassing the consensus estimate of $0.18, and a revenue increase of 64.3% year-over-year.
• Despite the positive earnings and stock performance, analysts maintain a mixed outlook with one "Strong Buy" rating and two "Hold" ratings, reflecting varying confidence in Vicor's future prospects.

Shares of Vicor Corporation (NASDAQ:VICR - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $67.82 and last traded at $65.18, with a volume of 210533 shares. The stock had previously closed at $58.04.

Analysts Set New Price Targets

Several research firms have recently issued reports on VICR. Wall Street Zen raised shares of Vicor from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. Weiss Ratings reiterated a "hold (c)" rating on shares of Vicor in a report on Wednesday, October 8th. Finally, Needham & Company LLC restated a "hold" rating on shares of Vicor in a report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, Vicor has an average rating of "Moderate Buy" and an average price target of $43.00.

Vicor Stock Up 11.8%

The business's fifty day moving average price is $51.16 and its 200 day moving average price is $47.32. The firm has a market capitalization of $2.92 billion, a PE ratio of 44.08 and a beta of 1.73.

Vicor (NASDAQ:VICR - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The electronics maker reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.73. Vicor had a net margin of 15.44% and a return on equity of 11.32%. The company had revenue of $141.05 million for the quarter, compared to analyst estimates of $96.43 million. During the same period in the prior year, the business posted $0.10 earnings per share. The firm's revenue for the quarter was up 64.3% compared to the same quarter last year.

Insider Activity

In related news, Director Andrew D'amico sold 5,813 shares of the company's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $63.00, for a total transaction of $366,219.00. Following the transaction, the director owned 1,217 shares of the company's stock, valued at approximately $76,671. This represents a 82.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 31.30% of the company's stock.

Institutional Investors Weigh In On Vicor

Large investors have recently made changes to their positions in the business. Optimum Investment Advisors acquired a new stake in shares of Vicor in the first quarter worth $26,000. Manchester Capital Management LLC grew its holdings in Vicor by 76.8% during the 1st quarter. Manchester Capital Management LLC now owns 610 shares of the electronics maker's stock valued at $29,000 after purchasing an additional 265 shares in the last quarter. Strs Ohio acquired a new stake in Vicor during the 1st quarter valued at $56,000. KBC Group NV acquired a new stake in Vicor during the 1st quarter valued at $57,000. Finally, CWM LLC grew its holdings in Vicor by 33.3% during the 1st quarter. CWM LLC now owns 3,211 shares of the electronics maker's stock valued at $150,000 after purchasing an additional 802 shares in the last quarter. Institutional investors and hedge funds own 47.45% of the company's stock.

Vicor Company Profile

Vicor Corporation, together with its subsidiaries, designs, develops, manufactures, and markets modular power components and power systems for converting electrical power in the United States, Europe, the Asia Pacific, and internationally. The company offers a range of brick-format DC-DC converters; complementary components provide AC line rectification, input filtering, power factor correction, and transient protection; and input and output voltage, and output power products, as well as electrical and mechanical accessories.

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