Vicor Co. (NASDAQ:VICR) Receives $108.75 Consensus PT from Brokerages

Shares of Vicor Co. (NASDAQ:VICR) have earned a consensus recommendation of “Buy” from the six ratings firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $108.75.

A number of research analysts recently issued reports on the company. Needham & Company LLC restated a “buy” rating on shares of Vicor in a research note on Friday, April 23rd. Craig Hallum lifted their target price on Vicor from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, April 23rd. BWS Financial lifted their target price on Vicor from $100.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, March 4th. Zacks Investment Research upgraded Vicor from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a research note on Tuesday, March 2nd. Finally, Northland Securities lifted their target price on Vicor from $55.00 to $85.00 and gave the company a “market perform” rating in a research note on Friday, February 26th.

In other news, VP Kemble D. Morrison sold 885 shares of the business’s stock in a transaction on Monday, April 26th. The stock was sold at an average price of $92.72, for a total value of $82,057.20. Following the completion of the transaction, the vice president now directly owns 855 shares of the company’s stock, valued at $79,275.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Andrew D’amico sold 1,000 shares of the business’s stock in a transaction on Wednesday, May 5th. The stock was sold at an average price of $85.93, for a total value of $85,930.00. Following the completion of the transaction, the director now directly owns 1,000 shares of the company’s stock, valued at $85,930. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,885 shares of company stock worth $349,907. Company insiders own 36.60% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in VICR. Nisa Investment Advisors LLC increased its stake in Vicor by 80.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 900 shares of the electronics maker’s stock valued at $83,000 after purchasing an additional 400 shares during the last quarter. Comerica Bank grew its position in Vicor by 1.1% during the fourth quarter. Comerica Bank now owns 22,087 shares of the electronics maker’s stock valued at $2,177,000 after acquiring an additional 232 shares during the period. Arizona State Retirement System grew its position in Vicor by 4.1% during the fourth quarter. Arizona State Retirement System now owns 5,901 shares of the electronics maker’s stock valued at $544,000 after acquiring an additional 232 shares during the period. Creative Planning purchased a new stake in Vicor during the fourth quarter valued at about $216,000. Finally, First Trust Advisors LP grew its position in Vicor by 105.3% during the fourth quarter. First Trust Advisors LP now owns 256,605 shares of the electronics maker’s stock valued at $23,664,000 after acquiring an additional 131,645 shares during the period. Hedge funds and other institutional investors own 36.93% of the company’s stock.

Shares of NASDAQ VICR traded up $0.79 during midday trading on Friday, hitting $92.76. 1,769 shares of the company’s stock were exchanged, compared to its average volume of 131,343. Vicor has a twelve month low of $63.68 and a twelve month high of $104.68. The company has a market cap of $4.04 billion, a P/E ratio of 118.97 and a beta of 0.67. The firm has a fifty day simple moving average of $86.81.

Vicor (NASDAQ:VICR) last released its quarterly earnings results on Wednesday, April 21st. The electronics maker reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.08. The firm had revenue of $88.80 million for the quarter, compared to the consensus estimate of $86.46 million. Vicor had a return on equity of 10.03% and a net margin of 10.79%. The firm’s quarterly revenue was up 40.1% compared to the same quarter last year. During the same quarter last year, the business posted ($0.04) EPS. Sell-side analysts predict that Vicor will post 1.49 EPS for the current fiscal year.

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; and input and output voltage, and output power products, as well as electrical and mechanical accessories.

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