Vicor (VICR) Shares Up 11.3%

Vicor Corp (NASDAQ:VICR) shares shot up 11.3% on Wednesday . The stock traded as high as $47.50 and last traded at $42.70. 1,585,876 shares were traded during mid-day trading, an increase of 527% from the average session volume of 253,088 shares. The stock had previously closed at $38.37.

Separately, BidaskClub downgraded Vicor from a “hold” rating to a “sell” rating in a report on Thursday, October 4th.

The firm has a market capitalization of $1.70 billion, a P/E ratio of 67.78 and a beta of 1.04.

Vicor (NASDAQ:VICR) last released its quarterly earnings data on Tuesday, October 16th. The electronics maker reported $0.32 EPS for the quarter. The business had revenue of $78.04 million during the quarter. Vicor had a return on equity of 16.53% and a net margin of 9.57%.

In other news, Director Estia J. Eichten sold 8,000 shares of the company’s stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $61.78, for a total transaction of $494,240.00. Following the completion of the sale, the director now directly owns 319,079 shares in the company, valued at approximately $19,712,700.62. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Richard J. Nagel, Jr. sold 12,500 shares of the company’s stock in a transaction on Thursday, July 26th. The stock was sold at an average price of $58.49, for a total value of $731,125.00. Following the sale, the chief accounting officer now owns 3,500 shares of the company’s stock, valued at $204,715. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 40,396 shares of company stock valued at $2,426,604. Insiders own 37.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in VICR. Schwab Charles Investment Management Inc. increased its holdings in Vicor by 15.1% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 36,690 shares of the electronics maker’s stock valued at $1,048,000 after purchasing an additional 4,800 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Vicor by 677.5% in the 1st quarter. JPMorgan Chase & Co. now owns 31,939 shares of the electronics maker’s stock valued at $911,000 after purchasing an additional 27,831 shares in the last quarter. New York State Common Retirement Fund increased its holdings in Vicor by 24.6% in the 1st quarter. New York State Common Retirement Fund now owns 20,800 shares of the electronics maker’s stock valued at $594,000 after purchasing an additional 4,100 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Vicor by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 124,728 shares of the electronics maker’s stock valued at $3,561,000 after purchasing an additional 2,959 shares in the last quarter. Finally, A.R.T. Advisors LLC acquired a new stake in Vicor in the 1st quarter valued at $227,000. Hedge funds and other institutional investors own 25.72% of the company’s stock.

Vicor Company Profile (NASDAQ:VICR)

Vicor Corporation designs, develops, manufactures, and markets modular power components and power systems for converting, regulating, and controlling electric current worldwide. It operates through three segments: Brick Business Unit, VI Chip, and Picor. The company offers modular direct current (DC)-DC converters, open-frame intermediate bus converters, and complementary components; high density zero voltage soft switching DC-DC converters; configurable products; and custom power systems.

Read More: Short Selling Stocks and Day Traders

Receive News & Ratings for Vicor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vicor and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply