Insider Selling: Vicor (NASDAQ:VICR) Director Sells $50,850.00 in Stock

Vicor Corporation (NASDAQ:VICR) Director Andrew D’amico sold 565 shares of Vicor stock in a transaction on Thursday, October 23rd. The shares were sold at an average price of $90.00, for a total transaction of $50,850.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Andrew D’amico also recently made the following trade(s):

• On Wednesday, October 22nd, Andrew D’amico sold 14,677 shares of Vicor stock. The stock was sold at an average price of $82.53, for a total transaction of $1,211,292.81.
• On Tuesday, October 21st, Andrew D’amico sold 1,000 shares of Vicor stock. The stock was sold at an average price of $68.00, for a total transaction of $68,000.00.

Vicor Stock Performance

Shares of NASDAQ:VICR opened at $90.44 on Monday. The stock’s 50-day moving average is $54.00 and its 200-day moving average is $48.41. The company has a market cap of $4.06 billion, a P/E ratio of 49.42 and a beta of 1.73. Vicor Corporation has a 52-week low of $38.92 and a 52-week high of $96.58.

Vicor (NASDAQ:VICR) last posted its quarterly earnings data on Tuesday, October 21st. The electronics maker reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.43. Vicor had a return on equity of 13.77% and a net margin of 18.63%.The business had revenue of $110.42 million during the quarter, compared to analysts’ expectations of $95.40 million. During the same quarter in the previous year, the firm earned $0.26 EPS. The firm’s revenue was up 18.5% compared to the same quarter last year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Craig Hallum raised Vicor from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a research report on Wednesday, October 22nd. Needham & Company LLC set a $90.00 price objective on Vicor and gave the stock a “buy” rating in a research report on Wednesday. Wall Street Zen raised Vicor from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Vicor in a report on Friday. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $90.00.

Institutional Trading of Vicor

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC increased its stake in Vicor by 53.4% in the third quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker’s stock valued at $30,000 after acquiring an additional 210 shares during the period. SG Americas Securities LLC bought a new stake in Vicor in the third quarter valued at about $448,000. Bouvel Investment Partners LLC increased its stake in Vicor by 3.4% in the third quarter. Bouvel Investment Partners LLC now owns 24,098 shares of the electronics maker’s stock valued at $1,198,000 after acquiring an additional 796 shares during the period. Voya Investment Management LLC increased its stake in Vicor by 5.2% in the third quarter. Voya Investment Management LLC now owns 16,654 shares of the electronics maker’s stock valued at $828,000 after acquiring an additional 830 shares during the period. Finally, Chapin Davis Inc. increased its stake in Vicor by 1.8% in the third quarter. Chapin Davis Inc. now owns 45,700 shares of the electronics maker’s stock valued at $2,272,000 after acquiring an additional 800 shares during the period. Institutional investors own 47.45% of the company’s stock.

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.