Vicor (NASDAQ:VICR) Hits New 52-Week High – What’s Next?

Vicor Co. (NASDAQ:VICR)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $62.00 and last traded at $59.98, with a volume of 137656 shares. The stock had previously closed at $56.60.

Analyst Ratings Changes

A number of brokerages have commented on VICR. Needham & Company LLC restated a “hold” rating on shares of Vicor in a research report on Wednesday, October 23rd. Craig Hallum boosted their target price on Vicor from $35.00 to $43.00 and gave the stock a “hold” rating in a research report on Wednesday, October 23rd.

Vicor Trading Up 7.6 %

The stock’s 50 day moving average price is $52.31 and its two-hundred day moving average price is $44.62. The firm has a market capitalization of $2.75 billion, a price-to-earnings ratio of 126.85 and a beta of 1.50.

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

Insider Buying and Selling at Vicor

In other news, Director Andrew D’amico sold 2,000 shares of Vicor stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $51.91, for a total transaction of $103,820.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Alex Gusinov sold 856 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were 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 directly owns 16,018 shares of the company’s stock, valued at approximately $945,222.18. This represents a 5.07 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 10,856 shares of company stock worth $598,413. 31.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in VICR. SG Americas Securities LLC grew its stake in shares of Vicor by 64.4% during the 4th quarter. SG Americas Securities LLC now owns 17,156 shares of the electronics maker’s stock valued at $829,000 after buying an additional 6,720 shares during the period. Simon Quick Advisors LLC grew its position in Vicor by 4.1% during the fourth quarter. Simon Quick Advisors LLC now owns 8,175 shares of the electronics maker’s stock valued at $395,000 after acquiring an additional 324 shares during the period. Bouvel Investment Partners LLC increased its stake in Vicor by 1.0% during the fourth quarter. Bouvel Investment Partners LLC now owns 24,790 shares of the electronics maker’s stock worth $1,198,000 after acquiring an additional 243 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new position in shares of Vicor in the 4th quarter worth about $1,557,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Vicor by 60.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,275,237 shares of the electronics maker’s stock worth $137,887,000 after purchasing an additional 1,236,264 shares during the period. Hedge funds and other 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.