Vicor (NASDAQ:VICR) Reaches New 12-Month High at $51.41

Shares of Vicor Corp (NASDAQ:VICR) reached a new 52-week high during trading on Tuesday . The stock traded as high as $51.41 and last traded at $50.70, with a volume of 2784 shares changing hands. The stock had previously closed at $48.70.

A number of research analysts have recently issued reports on VICR shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $57.00 price objective (up previously from $45.00) on shares of Vicor in a research report on Tuesday. BidaskClub upgraded shares of Vicor from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 30th. TheStreet raised shares of Vicor from a “c+” rating to a “b-” rating in a research note on Wednesday, November 20th. Northland Securities set a $39.00 target price on Vicor and gave the company a “buy” rating in a research report on Friday, October 18th. Finally, ValuEngine lowered Vicor from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Vicor has an average rating of “Buy” and a consensus target price of $43.00.

The business’s 50 day moving average is $43.26 and its 200-day moving average is $34.66. The stock has a market cap of $1.94 billion, a price-to-earnings ratio of 64.22 and a beta of 0.77.

Vicor (NASDAQ:VICR) last posted its quarterly earnings data on Thursday, October 17th. The electronics maker reported $0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.01). The company had revenue of $70.77 million for the quarter, compared to analyst estimates of $71.00 million. Vicor had a return on equity of 10.21% and a net margin of 7.20%. On average, sell-side analysts forecast that Vicor Corp will post 0.45 EPS for the current fiscal year.

In related news, VP Alex Gusinov sold 700 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $37.50, for a total value of $26,250.00. Following the transaction, the vice president now directly owns 12,360 shares of the company’s stock, valued at approximately $463,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Claudio Tuozzolo sold 9,294 shares of Vicor stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $35.86, for a total value of $333,282.84. Following the completion of the sale, the vice president now owns 31,283 shares in the company, valued at $1,121,808.38. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,548 shares of company stock worth $1,109,347. Company insiders own 56.06% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Invesco Ltd. boosted its stake in Vicor by 616.0% during the second quarter. Invesco Ltd. now owns 583,911 shares of the electronics maker’s stock valued at $18,130,000 after buying an additional 502,364 shares during the period. Renaissance Technologies LLC purchased a new position in Vicor in the 2nd quarter worth $3,325,000. Morgan Stanley raised its stake in shares of Vicor by 162.9% in the second quarter. Morgan Stanley now owns 143,148 shares of the electronics maker’s stock worth $4,444,000 after purchasing an additional 88,700 shares during the last quarter. Nuveen Asset Management LLC acquired a new stake in shares of Vicor during the second quarter worth about $2,206,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Vicor during the third quarter worth about $1,601,000. 28.33% of the stock is owned by institutional investors and hedge funds.

About Vicor (NASDAQ:VICR)

Vicor Corporation designs, develops, manufactures, and markets modular power components and power systems for converting electrical power worldwide. It operates through Brick Business Unit, VI Chip, and Picor segments. The company offers a range of brick-format DC-DC converters and configurable products; complementary components; and input and output voltage, and output power products, as well as electrical and mechanical accessories.

Read More: Sell-Side Analysts

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