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

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

Analysts Set New Price Targets

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

Vicor Stock Up 7.1 %

The stock has a market cap of $2.92 billion, a PE ratio of 124.44 and a beta of 1.51. The firm has a fifty day moving average of $51.37 and a 200 day moving average of $47.37.

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

Insiders Place Their Bets

In related news, Director Andrew D’amico sold 2,000 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $51.91, for a total transaction of $103,820.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Claudio Tuozzolo sold 3,504 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $61.00, for a total value of $213,744.00. Following the transaction, the vice president now directly owns 34,622 shares in the company, valued at approximately $2,111,942. This represents a 9.19 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,304 shares of company stock valued at $1,113,846. 31.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Vicor

Hedge funds have recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. lifted its position in Vicor by 146.2% in the third 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. Headlands Technologies LLC acquired a new stake in Vicor in the fourth quarter valued at about $140,000. Invesco LLC acquired a new stake in Vicor in the third quarter valued at about $205,000. Truist Financial Corp acquired a new stake in Vicor in the fourth quarter valued at about $213,000. Finally, Net Worth Advisory Group acquired a new stake in Vicor in the fourth quarter valued at about $218,000. Institutional investors and hedge funds own 47.45% of the company’s stock.

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.