Vicor Co. (NASDAQ:VICR) has been given a consensus rating of “Buy” by the six analysts that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $102.00.
Several equities research analysts have weighed in on the company. BWS Financial upped their target price on Vicor from $100.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, March 4th. Needham & Company LLC boosted their price target on Vicor from $95.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, March 4th. Northland Securities boosted their price target on Vicor from $55.00 to $85.00 and gave the stock a “market perform” rating in a research report on Friday, February 26th. Finally, Zacks Investment Research raised Vicor from a “hold” rating to a “buy” rating and set a $110.00 price target for the company in a research report on Tuesday, March 2nd.
VICR opened at $85.56 on Friday. Vicor has a 52-week low of $40.13 and a 52-week high of $104.68. The stock has a market cap of $3.71 billion, a P/E ratio of 475.33 and a beta of 0.84. The business has a fifty day moving average of $89.89 and a 200 day moving average of $88.91.
Vicor (NASDAQ:VICR) last issued its earnings results on Thursday, February 25th. The electronics maker reported $0.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.08. Vicor had a return on equity of 2.98% and a net margin of 2.92%. The business had revenue of $84.30 million during the quarter, compared to analysts’ expectations of $82.71 million. Sell-side analysts anticipate that Vicor will post 0.33 EPS for the current fiscal year.
In other news, CEO Patrizio Vinciarelli sold 3,561 shares of the company’s stock in a transaction dated Monday, March 1st. The stock was sold at an average price of $102.15, for a total value of $363,756.15. Following the sale, the chief executive officer now owns 9,908,181 shares in the company, valued at $1,012,120,689.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO James A. Simms sold 41,993 shares of the company’s stock in a transaction dated Monday, March 1st. The stock was sold at an average price of $101.27, for a total value of $4,252,631.11. Following the completion of the sale, the chief financial officer now owns 25,748 shares in the company, valued at approximately $2,607,499.96. The disclosure for this sale can be found here. Insiders sold 61,271 shares of company stock worth $6,187,786 over the last three months. Corporate insiders own 36.60% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Veriti Management LLC purchased a new position in shares of Vicor in the fourth quarter valued at approximately $53,000. Vantage Consulting Group Inc purchased a new position in shares of Vicor in the fourth quarter valued at approximately $73,000. ShoreHaven Wealth Partners LLC purchased a new position in shares of Vicor in the fourth quarter valued at approximately $77,000. Nisa Investment Advisors LLC lifted its position in shares of 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 acquiring an additional 400 shares in the last quarter. Finally, Jag Capital Management LLC purchased a new position in shares of Vicor in the fourth quarter valued at approximately $211,000. Institutional investors and hedge funds own 35.53% of the company’s stock.
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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