Vicor (NASDAQ:VICR) Stock Price Up 5.9% - Still a Buy?

Vicor Co. (NASDAQ:VICR - Get Free Report)'s share price rose 5.9% during trading on Friday . The company traded as high as $51.84 and last traded at $51.25. Approximately 149,264 shares were traded during trading, a decline of 3% from the average daily volume of 154,535 shares. The stock had previously closed at $48.38.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on VICR. Craig Hallum upped their target price on Vicor from $35.00 to $43.00 and gave the company a "hold" rating in a research report on Wednesday, October 23rd. Needham & Company LLC reaffirmed a "hold" rating on shares of Vicor in a research note on Wednesday, October 23rd.

Vicor Stock Performance

The stock has a market cap of $2.32 billion, a price-to-earnings ratio of 107.46 and a beta of 1.50. The stock has a fifty day simple moving average of $52.68 and a two-hundred day simple moving average of $44.04.

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 for the quarter, beating the consensus estimate of $0.13 by $0.13. The business had revenue of $93.17 million for the quarter, compared to analyst estimates of $85.23 million. Vicor had a return on equity of 4.00% and a net margin of 6.08%. Vicor's revenue was down 13.6% compared to the same quarter last year. During the same period last year, the firm posted $0.37 earnings per share.

Insider Activity at Vicor

In other news, Director Andrew D'amico sold 2,000 shares of the 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Alex Gusinov sold 856 shares of the business's stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $59.01, for a total value of $50,512.56. Following the sale, the vice president now owns 16,018 shares in the company, valued at $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 have sold 10,856 shares of company stock valued at $598,413. 31.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Vicor

Large investors have recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in shares of Vicor by 202.4% in the third quarter. GAMMA Investing LLC now owns 1,001 shares of the electronics maker's stock valued at $42,000 after buying an additional 670 shares during the period. Eastern Bank bought a new stake in Vicor during the 3rd quarter worth approximately $42,000. Point72 Asia Singapore Pte. Ltd. increased its position in Vicor by 146.2% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,162 shares of the electronics maker's stock valued at $49,000 after acquiring an additional 690 shares during the period. Point72 DIFC Ltd raised its stake in shares of Vicor by 66.7% during the second quarter. Point72 DIFC Ltd now owns 2,191 shares of the electronics maker's stock valued at $73,000 after acquiring an additional 877 shares during the last quarter. Finally, CWM LLC lifted its holdings in shares of Vicor by 226.6% during the third quarter. CWM LLC now owns 2,283 shares of the electronics maker's stock worth $96,000 after purchasing an additional 1,584 shares during the period. 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.

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