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

Vicor Co. (NASDAQ:VICR)’s share price reached a new 52-week high during 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 trading hands. The stock had previously closed at $51.86.

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

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other news, Director Andrew D’amico sold 2,000 shares of the stock in a transaction dated Monday, January 6th. The shares were 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 SEC, which can be accessed through this hyperlink. Also, Director Estia J. Eichten sold 8,000 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $55.51, for a total transaction of $444,080.00. Following the completion of the sale, the director now directly owns 230,267 shares in the company, valued at approximately $12,782,121.17. The trade was a 3.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,000 shares of company stock worth $786,900 over the last quarter. 31.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in VICR. Wealthfront Advisers LLC bought a new stake in Vicor in the fourth quarter valued at $79,889,000. JPMorgan Chase & Co. boosted its holdings in Vicor by 60.6% in the third quarter. JPMorgan Chase & Co. now owns 3,275,237 shares of the electronics maker’s stock valued at $137,887,000 after acquiring an additional 1,236,264 shares in the last quarter. Summit Partners Public Asset Management LLC bought a new stake in Vicor in the fourth quarter valued at $17,787,000. Colrain Capital LLC bought a new stake in Vicor in the fourth quarter valued at $9,181,000. Finally, Raymond James Financial Inc. bought a new stake in Vicor in the fourth quarter valued at $7,349,000. Institutional investors own 47.45% of the company’s stock.

Vicor Trading Up 20.4 %

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

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.