Vicor (NASDAQ:VICR) Trading Up 5.9% – What’s Next?

Vicor Co. (NASDAQ:VICR)’s share price was up 5.9% during trading on Friday . The company traded as high as $51.84 and last traded at $51.25. Approximately 149,264 shares traded hands during mid-day trading, a decline of 3% from the average daily volume of 154,535 shares. The stock had previously closed at $48.38.

Wall Street Analyst Weigh In

VICR has been the topic of a number of recent analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of Vicor in a research report on Wednesday, October 23rd. Craig Hallum lifted their target price on shares of Vicor from $35.00 to $43.00 and gave the company a “hold” rating in a research report on Wednesday, October 23rd.

Vicor Price Performance

The stock has a 50 day moving average price of $52.53 and a 200-day moving average price of $44.25. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of 107.38 and a beta of 1.50.

Vicor (NASDAQ:VICR) last issued its earnings results on Tuesday, October 22nd. The electronics maker reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.13. The business had revenue of $93.17 million during the quarter, compared to analysts’ expectations of $85.23 million. Vicor had a net margin of 6.08% and a return on equity of 4.00%. The company’s quarterly revenue was down 13.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.37 earnings per share.

Insiders Place Their Bets

In other news, Director Andrew D’amico sold 2,000 shares of Vicor stock in a transaction on Monday, January 6th. The stock was sold at an average price of $51.91, for a total transaction of $103,820.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Alex Gusinov sold 856 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $59.01, for a total transaction of $50,512.56. Following the completion of the sale, the vice president now directly owns 16,018 shares of the company’s stock, valued at $945,222.18. This represents a 5.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,856 shares of company stock valued at $598,413 in the last ninety days. 31.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Vicor

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

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.