Vicor (NASDAQ:VICR) Shares Up 6.4% – Here’s Why

Vicor Co. (NASDAQ:VICR)’s share price shot up 6.4% during trading on Monday . The company traded as high as $43.78 and last traded at $43.66. 196,828 shares changed hands during trading, a decline of 8% from the average session volume of 214,843 shares. The stock had previously closed at $41.04.

Wall Street Analyst Weigh In

VICR has been the subject of a number of research analyst reports. Craig Hallum boosted their price objective on Vicor from $35.00 to $43.00 and gave the stock a “hold” rating in a report on Wednesday. Needham & Company LLC restated a “hold” rating on shares of Vicor in a report on Wednesday.

Vicor Stock Up 13.7 %

The company has a market cap of $2.23 billion, a P/E ratio of 83.71 and a beta of 1.51. The business has a fifty day moving average price of $39.19 and a 200-day moving average price of $36.54.

Vicor (NASDAQ:VICR) last issued its quarterly earnings results on Tuesday, October 22nd. The electronics maker reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 4.98% and a net margin of 7.20%. The firm’s revenue for the quarter was down 13.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.37 earnings per share.

Insider Activity at Vicor

In related news, VP Philip D. Davies sold 23,494 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $35.83, for a total value of $841,790.02. Following the completion of the sale, the vice president now directly owns 15,763 shares in the company, valued at approximately $564,788.29. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 31.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Vicor

Several institutional investors have recently made changes to their positions in the stock. Eastern Bank acquired a new position in Vicor during the third quarter valued at approximately $42,000. CWM LLC raised its position in Vicor by 226.6% during the third quarter. CWM LLC now owns 2,283 shares of the electronics maker’s stock valued at $96,000 after purchasing an additional 1,584 shares in the last quarter. GAMMA Investing LLC raised its position in Vicor by 202.4% during the third quarter. GAMMA Investing LLC now owns 1,001 shares of the electronics maker’s stock valued at $42,000 after purchasing an additional 670 shares in the last quarter. SG Americas Securities LLC raised its position in Vicor by 200.9% during the third quarter. SG Americas Securities LLC now owns 10,436 shares of the electronics maker’s stock valued at $439,000 after purchasing an additional 6,968 shares in the last quarter. Finally, Point72 DIFC Ltd raised its position in Vicor by 66.7% during the second quarter. Point72 DIFC Ltd now owns 2,191 shares of the electronics maker’s stock valued at $73,000 after purchasing an additional 877 shares in the last quarter. 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.