Vicor (VICR) Stock Looks Expensive Even With Higher Royalty Hopes

Vicor has turned into one of the stronger performers on the Nasdaq over the past year, and the pace of the move raises a direct question for investors about whether its current share price lines up with the earnings that support it. The stock story is now tightly linked to what the income statement can justify. Over the past 12 months, Vicor has delivered a 449.1% return, which puts a lot of weight on whether its earnings profile can support this kind of re-rating. Management has recently...