Vicor (NASDAQ:VICR) Hits New 1-Year High on Strong Earnings

Vicor Co. (NASDAQ:VICR)’s stock price hit a new 52-week high during mid-day trading on Friday after the company announced better than expected quarterly earnings. The company traded as high as $64.49 and last traded at $63.43, with a volume of 311877 shares trading hands. The stock had previously closed at $51.86.

The electronics maker reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. Vicor had a net margin of 6.46% and a return on equity of 4.29%. The firm had revenue of $96.17 million during the quarter, compared to analysts’ expectations of $91.03 million.

Wall Street Analyst Weigh In

A number of research firms recently commented on VICR. Needham & Company LLC reaffirmed a “hold” rating on shares of Vicor in a research note on Tuesday, February 18th. Craig Hallum raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th.

Insider Buying and Selling at Vicor

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 value of $444,080.00. Following the completion of 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Andrew D’amico sold 2,000 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $51.91, for a total transaction of $103,820.00. The disclosure for this sale can be found here. Insiders sold a total of 14,000 shares of company stock valued at $786,900 in the last three months. Company insiders own 31.00% of the company’s stock.

Institutional Investors Weigh In On Vicor

Several large investors have recently modified their holdings of VICR. Wealthfront Advisers LLC bought a new stake in shares of Vicor in the 4th quarter valued at about $79,889,000. JPMorgan Chase & Co. raised its holdings in shares of Vicor by 60.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,275,237 shares of the electronics maker’s stock valued at $137,887,000 after purchasing an additional 1,236,264 shares in the last quarter. Summit Partners Public Asset Management LLC bought a new stake in shares of Vicor in the 4th quarter valued at about $17,787,000. Colrain Capital LLC bought a new stake in shares of Vicor in the 4th quarter valued at about $9,181,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Vicor in the 4th quarter valued at about $7,349,000. Institutional investors own 47.45% of the company’s stock.

Vicor Stock Performance

The firm’s fifty day moving average price is $50.86 and its 200 day moving average price is $46.78. The firm has a market cap of $2.87 billion, a P/E ratio of 122.44 and a beta of 1.51.

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.