Vicor (NASDAQ:VICR) Reaches New 1-Year High Following Better-Than-Expected Earnings

Shares of Vicor Co. (NASDAQ:VICR - Get Free Report) reached a new 52-week high during trading on Friday following a stronger than expected earnings report. The stock traded as high as $64.49 and last traded at $63.43, with a volume of 311877 shares traded. The stock had previously closed at $51.86.

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.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Needham & Company LLC restated a "hold" rating on shares of Vicor in a report on Tuesday, February 18th. StockNews.com upgraded Vicor from a "hold" rating to a "buy" rating in a report on Monday. Finally, Craig Hallum upgraded Vicor from a "hold" rating to a "strong-buy" rating in a report on Friday, February 14th.

Insider Buying and Selling

In other news, Director Estia J. Eichten sold 8,000 shares of the firm's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $55.51, for a total transaction 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Andrew D'amico sold 1,800 shares of the business's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $62.89, for a total value of $113,202.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,800 shares of company stock worth $900,102. 31.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Vicor

Institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised 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 valued at $185,903,000 after acquiring an additional 572,093 shares during the period. 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 valued at $122,223,000 after purchasing an additional 18,893 shares during the period. Wealthfront Advisers LLC purchased a new stake in Vicor during the 4th quarter worth about $79,889,000. Needham Investment Management LLC boosted its stake in Vicor by 2.4% in 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 grew its holdings in Vicor by 2.1% during the 3rd quarter. State Street Corp now owns 852,932 shares of the electronics maker's stock valued at $35,908,000 after buying an additional 17,668 shares in the last quarter. 47.45% of the stock is owned by hedge funds and other institutional investors.

Vicor Stock Up 0.1 %

The stock has a market capitalization of $2.73 billion, a P/E ratio of 116.23 and a beta of 1.51. The company has a 50-day moving average price of $50.94 and a two-hundred day moving average price of $47.08.

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.