Vicor (NASDAQ:VICR) Sets New 12-Month High – Should You Buy?

Shares of Vicor Co. (NASDAQ:VICR) hit a new 52-week high during trading on Thursday . The stock traded as high as $65.70 and last traded at $64.71, with a volume of 449972 shares traded. The stock had previously closed at $60.44.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. StockNews.com raised shares of Vicor from a “hold” rating to a “buy” rating in a research report on Monday, February 24th. Needham & Company LLC reaffirmed a “hold” rating on shares of Vicor in a research report on Tuesday, February 18th. Finally, Craig Hallum raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th.

Vicor Trading Up 2.7 %

The firm’s 50-day moving average is $51.90 and its 200-day moving average is $47.66. The firm has a market cap of $2.86 billion, a price-to-earnings ratio of 121.79 and a beta of 1.51.

Vicor (NASDAQ:VICR) last posted its quarterly earnings results on Thursday, February 20th. The electronics maker reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.05. Vicor had a net margin of 6.46% and a return on equity of 4.29%. The business had revenue of $96.17 million during the quarter, compared to the consensus estimate of $91.03 million.

Insider Activity at Vicor

In related news, Director Estia J. Eichten sold 8,000 shares of Vicor 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 of the company’s stock, valued at approximately $12,782,121.17. This trade represents a 3.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Andrew D’amico sold 2,000 shares of Vicor stock in a transaction on Monday, January 6th. The stock was sold at an average price of $51.91, for a total transaction of $103,820.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,202 shares of company stock valued at $1,236,817. 31.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Vicor

A number of hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in Vicor by 17.5% during the 4th quarter. JPMorgan Chase & Co. now owns 3,847,330 shares of the electronics maker’s stock worth $185,903,000 after acquiring an additional 572,093 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Vicor by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 2,529,448 shares of the electronics maker’s stock worth $122,223,000 after purchasing an additional 18,893 shares during the period. Wealthfront Advisers LLC bought a new stake in shares of Vicor during the 4th quarter worth $79,889,000. Needham Investment Management LLC raised its stake in shares of Vicor by 2.4% during the 3rd quarter. Needham Investment Management LLC now owns 906,439 shares of the electronics maker’s stock worth $38,161,000 after purchasing an additional 21,439 shares during the period. Finally, State Street Corp raised its stake in shares of Vicor by 2.1% during the 3rd quarter. State Street Corp now owns 852,932 shares of the electronics maker’s stock worth $35,908,000 after purchasing an additional 17,668 shares during the period. 47.45% of the stock is 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 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.