Vicor (NASDAQ:VICR) Trading 5.5% Higher - Time to Buy?

Vicor Co. (NASDAQ:VICR - Get Free Report) shot up 5.5% on Wednesday . The company traded as high as $55.89 and last traded at $55.81. 62,902 shares were traded during trading, a decline of 73% from the average session volume of 230,421 shares. The stock had previously closed at $52.92.

Analysts Set New Price Targets

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

Vicor Stock Down 4.1 %

The company's fifty day moving average price is $51.25 and its two-hundred day moving average price is $41.87. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 105.77 and a beta of 1.49.

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

Insider Buying and Selling

In other Vicor news, Director Estia J. Eichten sold 8,000 shares of the business's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $55.51, for a total transaction of $444,080.00. Following the sale, the director now directly owns 230,267 shares of the company's stock, valued at $12,782,121.17. The trade was a 3.36 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Alex Gusinov sold 856 shares of the firm's stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $59.01, for a total value of $50,512.56. Following the completion of the transaction, the vice president now owns 16,018 shares of the company's stock, valued at $945,222.18. The trade was a 5.07 % decrease in their position. The disclosure for this sale can be found here. 31.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Headlands Technologies LLC boosted its holdings in shares of Vicor by 98.8% in the 2nd quarter. Headlands Technologies LLC now owns 1,147 shares of the electronics maker's stock valued at $38,000 after buying an additional 570 shares during the last quarter. GAMMA Investing LLC raised its position in Vicor by 202.4% during the third quarter. GAMMA Investing LLC now owns 1,001 shares of the electronics maker's stock worth $42,000 after acquiring an additional 670 shares in the last quarter. Eastern Bank acquired a new stake in Vicor in the third quarter valued at $42,000. Point72 Asia Singapore Pte. Ltd. grew its position in shares of 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. Finally, Point72 DIFC Ltd increased its stake in shares of Vicor by 66.7% during the 2nd quarter. Point72 DIFC Ltd now owns 2,191 shares of the electronics maker's stock worth $73,000 after purchasing an additional 877 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.