Vicor (NASDAQ:VICR) Director Sells $252,280.00 in Stock

Vicor Corporation (NASDAQ:VICR) Director Andrew D’amico sold 800 shares of the stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $315.35, for a total transaction of $252,280.00. Following the sale, the director owned 800 shares of the company’s stock, valued at approximately $252,280. This represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Wednesday, May 13th, Andrew D’amico sold 1,200 shares of Vicor stock. The stock was sold at an average price of $312.31, for a total transaction of $374,772.00.
• On Tuesday, May 12th, Andrew D’amico sold 565 shares of Vicor stock. The stock was sold at an average price of $303.03, for a total transaction of $171,211.95.
• On Monday, May 4th, Andrew D’amico sold 7,512 shares of Vicor stock. The stock was sold at an average price of $252.89, for a total transaction of $1,899,709.68.
• On Monday, April 27th, Andrew D’amico sold 800 shares of Vicor stock. The stock was sold at an average price of $277.00, for a total transaction of $221,600.00.

Vicor Price Performance

Shares of VICR stock traded down $20.08 during mid-day trading on Friday, hitting $270.46. The stock had a trading volume of 560,445 shares, compared to its average volume of 829,576. Vicor Corporation has a fifty-two week low of $40.54 and a fifty-two week high of $316.82. The firm has a market cap of $12.33 billion, a PE ratio of 90.28 and a beta of 2.33. The company’s 50-day simple moving average is $208.09 and its 200-day simple moving average is $154.73.

Vicor (NASDAQ:VICR) last released its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 EPS for the quarter, topping the consensus estimate of $0.40 by $0.04. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The company had revenue of $112.97 million during the quarter, compared to analysts’ expectations of $109.05 million. During the same quarter last year, the business earned $0.06 EPS. The business’s revenue was up 20.2% on a year-over-year basis. On average, analysts expect that Vicor Corporation will post 2.71 EPS for the current year.

Hedge Funds Weigh In On Vicor

Several hedge funds have recently added to or reduced their stakes in VICR. Federated Hermes Inc. purchased a new position in Vicor during the 4th quarter valued at about $27,000. Nisa Investment Advisors LLC increased its holdings in Vicor by 53.4% during the 3rd 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 in the last quarter. Harbour Investments Inc. purchased a new position in Vicor during the 4th quarter valued at about $32,000. Allworth Financial LP increased its holdings in Vicor by 960.0% during the 4th quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock valued at $35,000 after acquiring an additional 288 shares in the last quarter. Finally, NBC Securities Inc. purchased a new position in Vicor during the 4th quarter valued at about $36,000. 47.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on VICR shares. Needham & Company LLC raised their target price on shares of Vicor from $180.00 to $260.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Roth Mkm reiterated a “buy” rating and issued a $245.00 price objective on shares of Vicor in a research note on Monday, April 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Vicor in a research note on Wednesday, January 21st. Zacks Research upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Finally, Wall Street Zen cut shares of Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $198.33.

About Vicor

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.