Vicor (NASDAQ:VICR) Reaches New 1-Year High After Earnings Beat

Shares of Vicor Co. (NASDAQ:VICR) reached a new 52-week high during mid-day trading on Friday following a better than expected earnings announcement. The company traded as high as $64.49 and last traded at $63.43, with a volume of 311877 shares. The stock had previously closed at $51.86.

The electronics maker reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. The business had revenue of $96.17 million during the quarter, compared to analyst estimates of $91.03 million. Vicor had a return on equity of 4.00% and a net margin of 6.08%.

Analyst Ratings Changes

A number of brokerages recently issued reports on VICR. Craig Hallum upgraded Vicor from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. Needham & Company LLC reiterated a “hold” rating on shares of Vicor in a research note on Tuesday.

Insider Transactions at Vicor

In other Vicor 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Estia J. Eichten sold 8,000 shares of the stock in a transaction on Monday, December 2nd. The stock was 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 owns 230,267 shares in the company, valued at approximately $12,782,121.17. The trade was a 3.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,000 shares of company stock valued at $786,900 in the last ninety days. Corporate insiders own 31.00% of the company’s stock.

Hedge Funds Weigh In On Vicor

Several institutional investors have recently bought and sold shares of VICR. JPMorgan Chase & Co. lifted its holdings in Vicor by 17.5% during the fourth quarter. JPMorgan Chase & Co. now owns 3,847,330 shares of the electronics maker’s stock worth $185,903,000 after buying an additional 572,093 shares during the period. Vanguard Group Inc. lifted its stake in shares of Vicor by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 2,529,448 shares of the electronics maker’s stock worth $122,223,000 after purchasing an additional 18,893 shares during the last quarter. Wealthfront Advisers LLC purchased a new stake in shares of Vicor during the 4th quarter worth $79,889,000. Needham Investment Management LLC boosted its position in Vicor by 2.4% during the third quarter. Needham Investment Management LLC now owns 906,439 shares of the electronics maker’s stock valued at $38,161,000 after purchasing an additional 21,439 shares in the last quarter. Finally, State Street Corp grew its stake in Vicor by 2.1% in the third quarter. State Street Corp now owns 852,932 shares of the electronics maker’s stock valued at $35,908,000 after purchasing an additional 17,668 shares during the last quarter. 47.45% of the stock is owned by hedge funds and other institutional investors.

Vicor Price Performance

The firm has a market capitalization of $2.82 billion, a P/E ratio of 130.79 and a beta of 1.51. The stock’s fifty day simple moving average is $50.68 and its 200 day simple moving average is $46.59.

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.