Vicor (NASDAQ:VICR) Reaches New 1-Year High – What’s Next?

Vicor Co. (NASDAQ:VICR)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $62.00 and last traded at $59.98, with a volume of 137656 shares traded. The stock had previously closed at $56.60.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Craig Hallum boosted their price target on Vicor from $35.00 to $43.00 and gave the stock a “hold” rating in a report on Wednesday, October 23rd. Needham & Company LLC restated a “hold” rating on shares of Vicor in a research report on Wednesday, October 23rd.

Vicor Price Performance

The company has a market capitalization of $2.59 billion, a PE ratio of 119.38 and a beta of 1.50. The business has a 50-day moving average of $52.47 and a 200 day moving average of $44.82.

Vicor (NASDAQ:VICR) last announced its quarterly earnings results on Tuesday, October 22nd. The electronics maker reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.13. Vicor had a net margin of 6.08% and a return on equity of 4.00%. The company had revenue of $93.17 million for the quarter, compared to analysts’ expectations of $85.23 million. During the same quarter in the previous year, the business posted $0.37 earnings per share. Vicor’s quarterly revenue was down 13.6% on a year-over-year basis.

Insider Transactions at Vicor

In other news, Director Andrew D’amico sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $59.75, for a total transaction of $239,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Estia J. Eichten sold 8,000 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $55.51, for a total transaction of $444,080.00. Following the transaction, the director now owns 230,267 shares in the company, valued at $12,782,121.17. This trade represents a 3.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,856 shares of company stock worth $837,413 in the last three months. Insiders own 31.00% of the company’s stock.

Institutional Trading of Vicor

Several institutional investors and hedge funds have recently made changes to their positions in VICR. GAMMA Investing LLC boosted its position in Vicor by 202.4% in the 3rd quarter. GAMMA Investing LLC now owns 1,001 shares of the electronics maker’s stock valued at $42,000 after buying an additional 670 shares during the period. Eastern Bank bought a new position in Vicor in the third quarter worth approximately $42,000. Point72 Asia Singapore Pte. Ltd. increased its holdings in Vicor by 146.2% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,162 shares of the electronics maker’s stock worth $49,000 after purchasing an additional 690 shares during the period. Point72 DIFC Ltd lifted its holdings in shares of Vicor by 66.7% in the 2nd quarter. Point72 DIFC Ltd now owns 2,191 shares of the electronics maker’s stock worth $73,000 after buying an additional 877 shares during the period. Finally, CWM LLC lifted its holdings in shares of Vicor by 226.6% in the 3rd quarter. CWM LLC now owns 2,283 shares of the electronics maker’s stock worth $96,000 after buying an additional 1,584 shares during the period. 47.45% of the stock is currently owned by institutional investors.

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.