Vicor (NASDAQ:VICR) Shares Up 5.5% – What’s Next?

Vicor Co. (NASDAQ:VICR)’s stock price traded up 5.5% during trading on Wednesday . The company traded as high as $55.89 and last traded at $55.81. 62,902 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 230,421 shares. The stock had previously closed at $52.92.

Analyst Ratings Changes

VICR has been the topic of several recent analyst reports. Craig Hallum lifted their target price on shares of Vicor from $35.00 to $43.00 and gave the stock a “hold” rating in a report on Wednesday, October 23rd. Needham & Company LLC reiterated a “hold” rating on shares of Vicor in a research note on Wednesday, October 23rd.

Vicor Stock Performance

The company’s 50 day moving average is $51.07 and its 200 day moving average is $41.81. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of 105.77 and a beta of 1.49.

Vicor (NASDAQ:VICR) last announced its quarterly earnings data on Tuesday, October 22nd. The electronics maker reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.13. Vicor had a net margin of 6.08% and a return on equity of 4.00%. The business had revenue of $93.17 million during the quarter, compared to analyst estimates of $85.23 million. During the same quarter in the prior year, the business earned $0.37 earnings per share. The firm’s revenue for the quarter was down 13.6% on a year-over-year basis.

Insider Activity

In related news, VP Alex Gusinov sold 856 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $59.01, for a total transaction of $50,512.56. Following the completion of the transaction, the vice president now owns 16,018 shares in the company, valued at $945,222.18. This trade represents a 5.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Estia J. Eichten sold 8,000 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $55.51, for a total value of $444,080.00. Following the completion of the sale, the director now owns 230,267 shares in the company, valued at $12,782,121.17. This trade represents a 3.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 31.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Vicor

Several large investors have recently made changes to their positions in VICR. The Manufacturers Life Insurance Company increased its holdings in shares of Vicor by 4.8% in the second quarter. The Manufacturers Life Insurance Company now owns 12,021 shares of the electronics maker’s stock valued at $399,000 after purchasing an additional 552 shares in the last quarter. Headlands Technologies LLC grew its holdings in Vicor by 98.8% during the 2nd quarter. Headlands Technologies LLC now owns 1,147 shares of the electronics maker’s stock worth $38,000 after acquiring an additional 570 shares during the period. GAMMA Investing LLC raised its position in shares of Vicor by 202.4% during the 3rd quarter. GAMMA Investing LLC now owns 1,001 shares of the electronics maker’s stock valued at $42,000 after acquiring an additional 670 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its stake in shares of Vicor by 146.2% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,162 shares of the electronics maker’s stock valued at $49,000 after purchasing an additional 690 shares during the period. Finally, Victory Capital Management Inc. boosted its position in shares of Vicor by 10.5% in the 2nd quarter. Victory Capital Management Inc. now owns 8,482 shares of the electronics maker’s stock worth $281,000 after purchasing an additional 808 shares during the last quarter. Institutional investors own 47.45% of the company’s stock.

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.