Vicor (NASDAQ:VICR) Reaches New 52-Week High - What's Next?

Vicor Co. (NASDAQ:VICR - Get Free Report)'s share price reached 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. The stock had previously closed at $60.44.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on VICR. Craig Hallum raised Vicor from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 14th. Needham & Company LLC restated a "hold" rating on shares of Vicor in a research report on Tuesday, February 18th. Finally, StockNews.com upgraded shares of Vicor from a "hold" rating to a "buy" rating in a research report on Monday, February 24th.

Vicor Stock Performance

The firm has a 50-day moving average price of $51.90 and a 200-day moving average price of $47.82. The stock has a market cap of $2.74 billion, a P/E ratio of 116.58 and a beta of 1.51.

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

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Insider Buying and Selling

In related news, VP Claudio Tuozzolo sold 1,898 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $64.79, for a total value of $122,971.42. Following the sale, the vice president now directly owns 33,622 shares of the company's stock, valued at $2,178,369.38. This represents a 5.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 value of $103,820.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,202 shares of company stock valued at $792,737. Company insiders own 31.00% of the company's stock.

Hedge Funds Weigh In On Vicor

Hedge funds and other institutional investors have recently modified their holdings of the business. Wealthfront Advisers LLC purchased a new position in shares of Vicor in the fourth quarter worth $79,889,000. JPMorgan Chase & Co. lifted its position 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 valued at $137,887,000 after buying an additional 1,236,264 shares in the last quarter. Summit Partners Public Asset Management LLC acquired a new position in shares of Vicor during the 4th quarter worth about $17,787,000. Colrain Capital LLC purchased a new position in shares of Vicor in the fourth quarter valued at approximately $9,181,000. Finally, Raymond James Financial Inc. acquired a new stake in Vicor in the 4th quarter valued at about $7,349,000. 47.45% of the stock is currently owned by institutional investors.

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.