Vicor (NASDAQ:VICR) Reaches New 12-Month High After Better-Than-Expected Earnings

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

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

Analyst Upgrades and Downgrades

VICR has been the subject of several analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Vicor in a research report on Tuesday. Craig Hallum raised Vicor from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th.

Insider Transactions at Vicor

In related news, Director Andrew D’amico sold 2,000 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $51.91, for a total value of $103,820.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Estia J. Eichten sold 8,000 shares of the 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 transaction, the director now directly owns 230,267 shares of the company’s stock, valued at $12,782,121.17. This represents a 3.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,000 shares of company stock valued at $786,900 over the last quarter. Company insiders own 31.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of VICR. Wealthfront Advisers LLC purchased a new position in Vicor in the fourth quarter valued at about $79,889,000. JPMorgan Chase & Co. raised its stake in Vicor by 60.6% during the third quarter. JPMorgan Chase & Co. now owns 3,275,237 shares of the electronics maker’s stock valued at $137,887,000 after buying an additional 1,236,264 shares in the last quarter. Summit Partners Public Asset Management LLC acquired a new stake in Vicor during the fourth quarter valued at approximately $17,787,000. Colrain Capital LLC acquired a new stake in Vicor during the fourth quarter valued at approximately $9,181,000. Finally, Raymond James Financial Inc. acquired a new stake in Vicor during the fourth quarter valued at approximately $7,349,000. Hedge funds and other institutional investors own 47.45% of the company’s stock.

Vicor Stock Up 22.8 %

The company has a 50 day simple moving average of $50.68 and a 200-day simple moving average of $46.59. The stock has a market cap of $2.87 billion, a price-to-earnings ratio of 132.65 and a beta of 1.51.

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.