Vicor (NASDAQ:VICR) Trading Up 5.4% - Time to Buy?

Key Points

• Vicor Corporation saw its stock price rise by 5.4%, reaching $60.42, although trading volume was 27% lower than average.
• Analysts have mixed ratings on Vicor, with one upgrade to a "buy" and two maintaining a "hold" designation, leading to an average target price of $43.00.
• The company reported a significant earnings beat with $0.91 EPS on revenues of $141.05 million, reflecting a 64.3% increase compared to the previous year.

Vicor Corporation (NASDAQ:VICR - Get Free Report)'s share price was up 5.4% during mid-day trading on Thursday . The company traded as high as $61.34 and last traded at $60.42. Approximately 216,955 shares changed hands during trading, a decline of 27% from the average daily volume of 295,839 shares. The stock had previously closed at $57.31.

Wall Street Analysts Forecast Growth

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

Vicor Stock Up 4.9%

The business's fifty day moving average is $50.42 and its two-hundred day moving average is $47.04. The stock has a market capitalization of $2.70 billion, a PE ratio of 41.17 and a beta of 1.73.

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

Insider Buying and Selling at Vicor

In related news, Director Andrew D'amico sold 5,813 shares of Vicor stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $63.00, for a total value of $366,219.00. Following the completion of the sale, the director directly owned 1,217 shares in the company, valued at $76,671. The trade was a 82.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 31.30% of the company's stock.

Institutional Investors Weigh In On Vicor

A number of large investors have recently bought and sold shares of the company. Manchester Capital Management LLC boosted its position in Vicor by 76.8% in the first quarter. Manchester Capital Management LLC now owns 610 shares of the electronics maker's stock valued at $29,000 after buying an additional 265 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Vicor by 7.5% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,929 shares of the electronics maker's stock valued at $269,000 after acquiring an additional 415 shares during the period. Blair William & Co. IL lifted its holdings in Vicor by 12.6% in the first quarter. Blair William & Co. IL now owns 4,910 shares of the electronics maker's stock valued at $230,000 after acquiring an additional 550 shares during the period. Optimum Investment Advisors acquired a new position in Vicor in the first quarter valued at approximately $26,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Vicor by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,537 shares of the electronics maker's stock valued at $633,000 after acquiring an additional 563 shares during the period. Hedge funds and other institutional investors own 47.45% of the company's stock.

About Vicor

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.