Vicor (NASDAQ:VICR) VP Robert Gendron Sells 1,321 Shares

Vicor Corporation (NASDAQ:VICR) VP Robert Gendron sold 1,321 shares of Vicor stock in a transaction on Monday, October 27th. The shares were sold at an average price of $92.00, for a total value of $121,532.00. Following the sale, the vice president directly owned 5,374 shares of the company’s stock, valued at $494,408. This represents a 19.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Robert Gendron also recently made the following trade(s):

• On Friday, October 24th, Robert Gendron sold 2,795 shares of Vicor stock. The stock was sold at an average price of $90.50, for a total value of $252,947.50.
• On Thursday, October 23rd, Robert Gendron sold 2,116 shares of Vicor stock. The shares were sold at an average price of $88.68, for a total value of $187,646.88.

Vicor Trading Down 0.4%

Shares of NASDAQ VICR opened at $89.65 on Wednesday. The business has a 50-day moving average of $55.69 and a 200-day moving average of $49.00. The firm has a market capitalization of $4.03 billion, a price-to-earnings ratio of 48.99 and a beta of 1.73. Vicor Corporation has a 12 month low of $38.92 and a 12 month high of $96.58.

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vicor in a report on Wednesday, October 8th. Wall Street Zen raised Vicor from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Craig Hallum upgraded Vicor from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a report on Wednesday, October 22nd. Finally, Needham & Company LLC set a $90.00 price objective on Vicor and gave the company a “buy” rating in a report on Wednesday, October 22nd. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $90.00.

Institutional Investors Weigh In On Vicor

Hedge funds and other institutional investors have recently modified their holdings of the stock. Cubist Systematic Strategies LLC bought a new position in shares of Vicor during the first quarter valued at about $1,160,000. Principal Financial Group Inc. increased its holdings in Vicor by 2.5% during the 1st quarter. Principal Financial Group Inc. now owns 114,891 shares of the electronics maker’s stock valued at $5,375,000 after purchasing an additional 2,766 shares during the period. Nuveen LLC bought a new position in Vicor during the 1st quarter valued at approximately $8,024,000. Jacobs Levy Equity Management Inc. raised its position in Vicor by 19.8% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 32,706 shares of the electronics maker’s stock valued at $1,530,000 after purchasing an additional 5,408 shares during the last quarter. Finally, KBC Group NV purchased a new stake in Vicor in the 1st quarter worth approximately $57,000. Institutional investors own 47.45% of the company’s stock.

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.