Michael Mcnamara Sells 2,200 Shares of Vicor Corp (NASDAQ:VICR) Stock

Vicor Corp (NASDAQ:VICR) insider Michael Mcnamara sold 2,200 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $85.13, for a total transaction of $187,286.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

VICR stock opened at $83.48 on Wednesday. The business’s 50 day simple moving average is $82.19 and its 200 day simple moving average is $61.75. Vicor Corp has a 1-year low of $28.69 and a 1-year high of $90.88. The firm has a market capitalization of $3.59 billion, a PE ratio of 439.39 and a beta of 0.74.

Vicor (NASDAQ:VICR) last announced its quarterly earnings data on Thursday, July 23rd. The electronics maker reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.04. Vicor had a return on equity of 3.47% and a net margin of 3.05%. The business had revenue of $70.76 million during the quarter, compared to the consensus estimate of $65.80 million. As a group, research analysts predict that Vicor Corp will post 0.25 EPS for the current fiscal year.

VICR has been the subject of several research reports. Needham & Company LLC boosted their price objective on shares of Vicor from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. BWS Financial increased their target price on shares of Vicor from $84.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Craig Hallum raised their price objective on shares of Vicor from $65.00 to $85.00 and gave the company a “buy” rating in a research report on Wednesday, June 17th. TheStreet raised shares of Vicor from a “c” rating to a “b-” rating in a research note on Tuesday, August 4th. Finally, Zacks Investment Research upgraded Vicor from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a report on Wednesday, July 29th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $82.60.

A number of institutional investors have recently made changes to their positions in VICR. Captrust Financial Advisors purchased a new position in Vicor during the second quarter worth about $25,000. Russell Investments Group Ltd. purchased a new position in shares of Vicor during the 2nd quarter worth approximately $34,000. Optimum Investment Advisors purchased a new position in shares of Vicor during the 2nd quarter worth approximately $36,000. Macquarie Group Ltd. purchased a new position in shares of Vicor during the 2nd quarter worth approximately $36,000. Finally, PNC Financial Services Group Inc. grew its stake in shares of Vicor by 34.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,194 shares of the electronics maker’s stock worth $52,000 after buying an additional 303 shares during the last quarter. 36.31% of the stock is owned by hedge funds and other institutional investors.

Vicor Company Profile

Vicor Corporation designs, develops, manufactures, and markets modular power components and power systems for converting electrical power worldwide. It operates through Brick Business Unit, VI Chip, and Picor segments. The company offers a range of brick-format DC-DC converters and configurable products; complementary components; and input and output voltage, and output power products, as well as electrical and mechanical accessories.

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Insider Buying and Selling by Quarter for Vicor (NASDAQ:VICR)

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