Vicor (NASDAQ:VICR) Sets New 52-Week High – Still a Buy?

Vicor Co. (NASDAQ:VICR)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $62.00 and last traded at $59.98, with a volume of 137656 shares changing hands. The stock had previously closed at $56.60.

Wall Street Analysts Forecast Growth

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

Vicor Stock Up 7.6 %

The company has a market cap of $2.75 billion, a PE ratio of 126.85 and a beta of 1.50. The stock has a 50-day simple moving average of $52.31 and a 200 day simple moving average of $44.62.

Vicor (NASDAQ:VICR) last posted its earnings results on Tuesday, October 22nd. The electronics maker reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.13. The company had revenue of $93.17 million for the quarter, compared to analysts’ expectations of $85.23 million. Vicor had a net margin of 6.08% and a return on equity of 4.00%. Vicor’s revenue for the quarter was down 13.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.37 earnings per share.

Insider Buying and Selling

In other 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 value of $50,512.56. Following the sale, the vice president now directly owns 16,018 shares in the company, valued at approximately $945,222.18. This trade represents a 5.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andrew D’amico sold 2,000 shares of the stock in a transaction on Monday, January 6th. The shares were 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. Insiders have sold a total of 10,856 shares of company stock valued at $598,413 in the last ninety days. Company insiders own 31.00% of the company’s stock.

Hedge Funds Weigh In On Vicor

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VICR. Eastern Bank acquired a new stake in Vicor during the 3rd quarter worth $42,000. GAMMA Investing LLC boosted its holdings 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 acquiring an additional 670 shares during the period. Point72 Asia Singapore Pte. Ltd. grew its position in shares of Vicor by 146.2% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,162 shares of the electronics maker’s stock worth $49,000 after acquiring an additional 690 shares during the last quarter. Point72 DIFC Ltd increased its holdings 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. Finally, CWM LLC grew its position in Vicor by 226.6% during the 3rd 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 last quarter. 47.45% of the stock is owned by institutional investors and hedge funds.

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.