Vicor (NASDAQ:VICR) Sees Unusually-High Trading Volume on Analyst Upgrade

Key Points

• Vicor Corporation experienced a notable increase in trading volume after being upgraded to a buy rating by Needham & Company, setting a price target of $90.00.
• The company reported $0.63 earnings per share for the latest quarter, significantly exceeding analysts' expectations of $0.20, along with a revenue increase of 18.5% year-over-year.
• Insider trading activity included Director Andrew D'amico selling 1,000 shares for a total of $68,000, with insiders holding 31.30% of the company’s stock.

Vicor Corporation (NASDAQ:VICR - Get Free Report) saw an uptick in trading volume on Thursday after Needham & Company LLC upgraded the stock from a hold rating to a buy rating. Needham & Company LLC now has a $90.00 price target on the stock. 291,145 shares were traded during trading, a decline of 9% from the previous session's volume of 319,812 shares.The stock last traded at $88.85 and had previously closed at $85.76.

VICR has been the subject of several other reports. Wall Street Zen upgraded shares of Vicor from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Weiss Ratings restated a "hold (c)" rating on shares of Vicor in a research report on Wednesday, October 8th. Finally, Craig Hallum upgraded shares of Vicor from a "hold" rating to a "buy" rating and set a $90.00 target price for the company in a research report on Wednesday. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $90.00.

Insider Transactions at Vicor

In other Vicor news, Director Andrew D'amico sold 1,000 shares of the stock in a transaction on Tuesday, October 21st. The stock was sold at an average price of $68.00, for a total value of $68,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 31.30% of the company's stock.

Institutional Investors Weigh In On Vicor

A number of institutional investors have recently bought and sold shares of VICR. Illinois Municipal Retirement Fund increased its stake in Vicor by 13.4% in the 1st quarter. Illinois Municipal Retirement Fund now owns 13,769 shares of the electronics maker's stock worth $644,000 after buying an additional 1,631 shares in the last quarter. KBC Group NV purchased a new stake in Vicor in the 1st quarter worth $57,000. Principal Financial Group Inc. boosted its position in shares of Vicor by 2.5% during the first quarter. Principal Financial Group Inc. now owns 114,891 shares of the electronics maker's stock worth $5,375,000 after acquiring an additional 2,766 shares during the last quarter. Optimum Investment Advisors bought a new position in shares of Vicor during the first quarter worth $26,000. Finally, CWM LLC boosted its position in shares of Vicor by 33.3% during the first quarter. CWM LLC now owns 3,211 shares of the electronics maker's stock worth $150,000 after acquiring an additional 802 shares during the last quarter. Hedge funds and other institutional investors own 47.45% of the company's stock.

Vicor Price Performance

The stock's 50-day moving average is $52.23 and its two-hundred day moving average is $47.71. The stock has a market cap of $4.12 billion, a P/E ratio of 50.18 and a beta of 1.73.

Vicor (NASDAQ:VICR - Get Free Report) last issued its earnings results on Tuesday, October 21st. The electronics maker reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.43. Vicor had a net margin of 18.63% and a return on equity of 14.02%. The firm had revenue of $110.42 million during the quarter, compared to analyst estimates of $95.40 million. During the same quarter in the prior year, the business earned $0.26 earnings per share. Vicor's revenue for the quarter was up 18.5% on a year-over-year basis.

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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