Vicor (NASDAQ:VICR) Stock Crosses Above Two Hundred Day Moving Average - What's Next?

Vicor Co. (NASDAQ:VICR - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $38.13 and traded as high as $59.42. Vicor shares last traded at $57.07, with a volume of 354,298 shares changing hands.

Wall Street Analyst Weigh In

VICR has been the topic of several recent analyst reports. Needham & Company LLC reissued a "hold" rating on shares of Vicor in a research note on Wednesday, October 23rd. Craig Hallum upped their price target on shares of Vicor from $35.00 to $43.00 and gave the stock a "hold" rating in a research report on Wednesday, October 23rd.

Vicor Price Performance

The firm's 50-day moving average is $43.33 and its 200 day moving average is $38.26. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of 118.90 and a beta of 1.48.

Vicor (NASDAQ:VICR - Get Free Report) last released 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 net margin of 6.08% and a return on equity of 4.00%. The company had revenue of $93.17 million during the quarter, compared to analyst estimates of $85.23 million. During the same quarter in the prior year, the business earned $0.37 earnings per share. The business's quarterly revenue was down 13.6% compared to the same quarter last year.

Insider Transactions at Vicor

In related news, VP Alex Gusinov sold 856 shares of the firm's stock in a transaction 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 sale, the vice president now directly owns 16,018 shares of the company's stock, valued at approximately $945,222.18. This trade represents a 5.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 31.00% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Circle Wealth Management LLC bought a new position in Vicor during the 3rd quarter valued at $501,000. Verition Fund Management LLC bought a new position in shares of Vicor in the 3rd quarter worth about $369,000. FMR LLC lifted its position in shares of Vicor by 15.9% in the 3rd quarter. FMR LLC now owns 87,014 shares of the electronics maker's stock worth $3,663,000 after buying an additional 11,931 shares during the last quarter. West Tower Group LLC bought a new position in shares of Vicor in the 3rd quarter worth about $295,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Vicor by 6.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 206,713 shares of the electronics maker's stock worth $8,703,000 after buying an additional 12,203 shares during the last quarter. 47.45% of the stock is currently owned by 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.