Vicor (NASDAQ:VICR) CAO Sells $470,651.28 in Stock

Vicor Corporation (NASDAQ:VICR) CAO Quentin Fendelet sold 2,299 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $204.72, for a total value of $470,651.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Vicor Stock Performance

VICR stock opened at $181.92 on Friday. The company has a market capitalization of $8.12 billion, a PE ratio of 69.70 and a beta of 1.84. Vicor Corporation has a one year low of $38.92 and a one year high of $209.53. The company’s 50 day moving average price is $156.66 and its two-hundred day moving average price is $101.75.

Vicor (NASDAQ:VICR) last announced its quarterly earnings data on Thursday, February 19th. The electronics maker reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.63. The company had revenue of $362.70 million during the quarter, compared to analysts’ expectations of $107.78 million. Vicor had a net margin of 26.19% and a return on equity of 18.73%. The firm’s revenue was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.23 EPS.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company grew its position in shares of Vicor by 3,918.9% in the 4th quarter. The Manufacturers Life Insurance Company now owns 432,189 shares of the electronics maker’s stock worth $47,368,000 after buying an additional 421,435 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Vicor by 1,542.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 439,820 shares of the electronics maker’s stock worth $48,205,000 after acquiring an additional 413,038 shares during the period. Millennium Management LLC boosted its holdings in Vicor by 4,634.5% in the first quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock valued at $12,379,000 after acquiring an additional 259,022 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Vicor by 1,921.4% in the third quarter. Arrowstreet Capital Limited Partnership now owns 267,882 shares of the electronics maker’s stock valued at $13,319,000 after acquiring an additional 254,630 shares in the last quarter. Finally, CIBC Bancorp USA Inc. purchased a new position in Vicor during the 3rd quarter valued at $12,625,000. Institutional investors own 47.45% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on VICR shares. Wall Street Zen lowered Vicor from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 23rd. Zacks Research raised Vicor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Roth Mkm reiterated a “buy” rating and issued a $175.00 price objective on shares of Vicor in a research report on Thursday, January 22nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Vicor in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $118.33.

Vicor Company Profile

Vicor Corporation is a designer and manufacturer of modular power components and systems, serving a wide range of industries that demand high performance and efficiency. Headquartered in Andover, Massachusetts, the company develops power conversion solutions that help customers optimize energy delivery in applications from telecommunications and data centers to industrial and automotive systems.

The company’s product portfolio includes high-density DC-DC converters, AC-DC front-end modules, point-of-load regulators and complete power systems that combine multiple conversion stages in a single package.