Vicor Co. (NASDAQ:VICR) Receives Consensus Rating of “Buy” from Analysts

Vicor Co. (NASDAQ:VICR) has been assigned a consensus rating of “Buy” from the six research firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $108.75.

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

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

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, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.08. Vicor had a net margin of 10.79% and a return on equity of 10.03%. The firm had revenue of $88.80 million during the quarter, compared to the consensus estimate of $86.46 million. During the same quarter last year, the firm earned ($0.04) earnings per share. The company’s revenue for the quarter was up 40.1% on a year-over-year basis. As a group, research analysts forecast that Vicor will post 1.49 EPS for the current year.

In related news, VP Kemble D. Morrison sold 885 shares of the company’s stock in a transaction on Monday, April 26th. The shares were sold at an average price of $92.72, for a total transaction of $82,057.20. Following the completion of the sale, the vice president now directly owns 855 shares in the company, valued at approximately $79,275.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Andrew D’amico sold 1,000 shares of the company’s stock in a transaction on Wednesday, May 5th. The shares were sold at an average price of $85.93, for a total transaction of $85,930.00. Following the sale, the director now 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 valued at $349,907. Company insiders own 36.60% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Lazard Asset Management LLC purchased a new stake in shares of Vicor in the 1st quarter worth about $34,000. Point72 Hong Kong Ltd grew its position in shares of Vicor by 619.2% in the 1st quarter. Point72 Hong Kong Ltd now owns 561 shares of the electronics maker’s stock worth $48,000 after buying an additional 483 shares during the period. Veriti Management LLC purchased a new stake in shares of Vicor during the 4th quarter valued at about $53,000. Vantage Consulting Group Inc purchased a new stake in shares of Vicor during the 4th quarter valued at about $73,000. Finally, ShoreHaven Wealth Partners LLC purchased a new stake in shares of Vicor during the 4th quarter valued at about $77,000. 36.93% of the stock is currently owned by hedge funds and other 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; and input and output voltage, and output power products, as well as electrical and mechanical accessories.

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