Vicor (NASDAQ:VICR) Shares Up 4.8%

Vicor Co. (NASDAQ:VICR) shares shot up 4.8% on Thursday . The stock traded as high as $33.94 and last traded at $33.57. 116,581 shares changed hands during mid-day trading, a decline of 56% from the average session volume of 267,854 shares. The stock had previously closed at $32.03.

Analysts Set New Price Targets

Several brokerages have weighed in on VICR. Craig Hallum lowered their target price on shares of Vicor from $40.00 to $35.00 and set a “hold” rating for the company in a research note on Wednesday. Needham & Company LLC reaffirmed a “hold” rating on shares of Vicor in a report on Wednesday. Finally, StockNews.com raised shares of Vicor from a “sell” rating to a “hold” rating in a report on Saturday, April 20th.

Vicor Price Performance

The stock’s fifty day simple moving average is $37.40 and its 200-day simple moving average is $40.10. The firm has a market cap of $1.53 billion, a PE ratio of 34.41 and a beta of 1.53.

Vicor (NASDAQ:VICR) last issued its earnings results on Tuesday, April 23rd. The electronics maker reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.04). Vicor had a return on equity of 8.48% and a net margin of 11.49%. The business had revenue of $83.80 million for the quarter, compared to analysts’ expectations of $84.83 million. During the same period last year, the business earned $0.25 EPS. The company’s revenue for the quarter was down 14.3% on a year-over-year basis.

Insider Buying and Selling at Vicor

In other news, VP Robert Gendron sold 2,000 shares of Vicor stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $36.83, for a total value of $73,660.00. Following the sale, the vice president now owns 5,374 shares in the company, valued at $197,924.42. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Vicor news, VP Kemble D. Morrison sold 2,659 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $37.00, for a total value of $98,383.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Robert Gendron sold 2,000 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $36.83, for a total transaction of $73,660.00. Following the completion of the transaction, the vice president now owns 5,374 shares in the company, valued at $197,924.42. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,999 shares of company stock valued at $184,990. Corporate insiders own 31.30% of the company’s stock.

Institutional Investors Weigh In On Vicor

A number of institutional investors and hedge funds have recently made changes to their positions in VICR. Vanguard Group Inc. increased its holdings in Vicor by 13.0% in the 4th quarter. Vanguard Group Inc. now owns 2,477,438 shares of the electronics maker’s stock valued at $111,336,000 after purchasing an additional 285,699 shares during the last quarter. Eagle Asset Management Inc. acquired a new stake in shares of Vicor in the third quarter valued at $12,335,000. Principal Financial Group Inc. lifted its stake in Vicor by 105.9% during the 3rd quarter. Principal Financial Group Inc. now owns 175,180 shares of the electronics maker’s stock worth $10,316,000 after acquiring an additional 90,099 shares in the last quarter. Pinnacle Associates Ltd. grew its position in Vicor by 114.8% in the 1st quarter. Pinnacle Associates Ltd. now owns 159,755 shares of the electronics maker’s stock valued at $6,109,000 after acquiring an additional 85,390 shares in the last quarter. Finally, AWM Investment Company Inc. increased its stake in Vicor by 54.8% during the third quarter. AWM Investment Company Inc. now owns 204,960 shares of the electronics maker’s stock worth $12,070,000 after purchasing an additional 72,526 shares during the period. 47.45% of the stock is owned by hedge funds and other institutional investors.

About Vicor

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.