Vicor (NASDAQ:VICR) Trading 7.7% Higher - Time to Buy?

Vicor Co. (NASDAQ:VICR - Get Free Report)'s stock price traded up 7.7% during mid-day trading on Tuesday . The stock traded as high as $51.22 and last traded at $50.50. 141,832 shares were traded during trading, a decline of 36% from the average session volume of 223,113 shares. The stock had previously closed at $46.89.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Needham & Company LLC restated a "hold" rating on shares of Vicor in a research report on Wednesday, October 23rd. Craig Hallum lifted their price target on shares of Vicor from $35.00 to $43.00 and gave the company a "hold" rating in a research note on Wednesday, October 23rd.

Vicor Stock Up 11.8 %

The company's 50 day moving average price is $40.54 and its two-hundred day moving average price is $37.12. The stock has a market cap of $2.36 billion, a P/E ratio of 105.69 and a beta of 1.48.

Vicor (NASDAQ:VICR - Get Free Report) last posted its earnings results on Tuesday, October 22nd. The electronics maker reported $0.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.13 by $0.13. The company had revenue of $93.17 million during 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.37 earnings per share.

Insiders Place Their Bets

In other Vicor news, VP Philip D. Davies sold 23,494 shares of the company's stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $35.83, for a total transaction of $841,790.02. Following the completion of the sale, the vice president now owns 15,763 shares in the company, valued at $564,788.29. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 31.00% of the stock is owned by company insiders.

Institutional Trading of Vicor

Hedge funds and other institutional investors have recently made changes to their positions in the business. Headlands Technologies LLC lifted its holdings in shares of Vicor by 98.8% during the 2nd quarter. Headlands Technologies LLC now owns 1,147 shares of the electronics maker's stock valued at $38,000 after purchasing an additional 570 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Vicor by 202.4% in the 3rd quarter. GAMMA Investing LLC now owns 1,001 shares of the electronics maker's stock valued at $42,000 after acquiring an additional 670 shares during the period. Eastern Bank acquired a new position in shares of Vicor in the 3rd quarter valued at $42,000. PNC Financial Services Group Inc. increased its position in shares of Vicor by 37.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,111 shares of the electronics maker's stock valued at $50,000 after acquiring an additional 303 shares during the period. Finally, Point72 DIFC Ltd increased its position in shares of Vicor by 66.7% in the 2nd 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 period. Hedge funds and other institutional investors 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.

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