Key Points
- Insider sale: Director Michael McNamara sold 7,174 shares on March 17 at an average price of $190.07 for about $1.36 million, trimming his holding by 28.34% to 18,138 shares valued near $3.45 million.
- Strong quarter: Vicor reported a big beat with $1.01 EPS versus $0.38 expected and revenue of $362.7 million (up 11.5% YoY), while the stock trades near a 52-week high and carries a P/E of 73.5 and a market cap of $8.57 billion.
- Analyst and institutional stance: The consensus rating is "Buy" (consensus target $118.33) and institutional investors own about 47.45% of the stock, with large position increases from Vanguard, Price T. Rowe and others in recent quarters.
Vicor Corporation (NASDAQ:VICR - Get Free Report) insider Michael Mcnamara sold 7,174 shares of the firm's stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $190.07, for a total value of $1,363,562.18. Following the transaction, the insider owned 18,138 shares in the company, valued at approximately $3,447,489.66. This trade represents a 28.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Vicor Price Performance
Shares of NASDAQ:VICR opened at $191.84 on Thursday. The stock has a market capitalization of $8.57 billion, a P/E ratio of 73.50 and a beta of 1.84. The business has a 50-day moving average of $166.99 and a two-hundred day moving average of $110.19. Vicor Corporation has a fifty-two week low of $38.92 and a fifty-two week high of $209.53.
Vicor (NASDAQ:VICR - Get Free Report) last issued its quarterly earnings data on Thursday, February 19th. The electronics maker reported $1.01 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.63. Vicor had a return on equity of 18.73% and a net margin of 26.19%.The business had revenue of $362.70 million for the quarter, compared to analyst estimates of $107.78 million. During the same quarter in the prior year, the firm posted $0.23 EPS. The firm's revenue for the quarter was up 11.5% on a year-over-year basis.
Analyst Upgrades and Downgrades
Several equities analysts have commented on VICR shares. Wall Street Zen downgraded Vicor from a "strong-buy" rating to a "buy" rating in a report on Sunday, November 23rd. Roth Mkm reaffirmed a "buy" rating and set a $175.00 price objective on shares of Vicor in a report on Thursday, January 22nd. Zacks Research upgraded shares of Vicor from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 23rd. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Vicor in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $118.33.
Check Out Our Latest Analysis on VICR
Institutional Trading of Vicor
Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Vicor by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 2,534,534 shares of the electronics maker's stock valued at $277,785,000 after buying an additional 60,963 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Vicor by 4.6% during the third quarter. Dimensional Fund Advisors LP now owns 578,515 shares of the electronics maker's stock worth $28,759,000 after buying an additional 25,393 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Vicor by 1,542.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 439,820 shares of the electronics maker's stock worth $48,205,000 after buying an additional 413,038 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Vicor by 3,918.9% in the fourth quarter. The Manufacturers Life Insurance Company now owns 432,189 shares of the electronics maker's stock valued at $47,368,000 after acquiring an additional 421,435 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Vicor by 39.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 374,088 shares of the electronics maker's stock valued at $41,000,000 after acquiring an additional 106,206 shares during the period. Institutional investors own 47.45% of the company's stock.
About Vicor
(
Get Free Report)
Vicor Corporation is a designer and manufacturer of modular power components and systems, serving a wide range of industries that demand high performance and efficiency. Headquartered in Andover, Massachusetts, the company develops power conversion solutions that help customers optimize energy delivery in applications from telecommunications and data centers to industrial and automotive systems.
The company's product portfolio includes high-density DC-DC converters, AC-DC front-end modules, point-of-load regulators and complete power systems that combine multiple conversion stages in a single package.
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