Philip Davies Sells 3,073 Shares of Vicor (NASDAQ:VICR) Stock

Vicor Corporation (NASDAQ:VICR) VP Philip Davies sold 3,073 shares of Vicor stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $177.70, for a total transaction of $546,072.10. Following the completion of the transaction, the vice president directly owned 1,920 shares in the company, valued at $341,184. The trade was a 61.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Vicor Price Performance

Shares of NASDAQ:VICR opened at $188.55 on Friday. Vicor Corporation has a 1-year low of $47.56 and a 1-year high of $382.65. The stock has a market cap of $8.69 billion, a P/E ratio of 60.43 and a beta of 2.35. The firm has a fifty day moving average price of $231.54 and a 200 day moving average price of $235.38.

Vicor (NASDAQ:VICR) last posted its quarterly earnings data on Tuesday, July 21st. The electronics maker reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.39. Vicor had a net margin of 30.65% and a return on equity of 19.83%. The company had revenue of $143.35 million for the quarter, compared to analyst estimates of $138.37 million. During the same period in the previous year, the business posted $0.91 earnings per share. Vicor’s quarterly revenue was up 49.3% on a year-over-year basis. Sell-side analysts expect that Vicor Corporation will post 3.28 EPS for the current fiscal year.

Institutional Trading of Vicor

A number of institutional investors have recently modified their holdings of VICR. Carolina Wealth Advisors LLC raised its position in Vicor by 70.9% in the second quarter. Carolina Wealth Advisors LLC now owns 147 shares of the electronics maker’s stock worth $56,000 after acquiring an additional 61 shares in the last quarter. Elevation Wealth Partners LLC purchased a new stake in shares of Vicor during the 2nd quarter worth $76,000. Federated Hermes Inc. acquired a new position in shares of Vicor during the 4th quarter worth $27,000. Blue Trust Inc. increased its holdings in shares of Vicor by 1,814.3% in the 1st quarter. Blue Trust Inc. now owns 268 shares of the electronics maker’s stock valued at $43,000 after purchasing an additional 254 shares in the last quarter. Finally, ROSS JOHNSON & Associates LLC increased its holdings in shares of Vicor by 13,750.0% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 277 shares of the electronics maker’s stock valued at $45,000 after purchasing an additional 275 shares in the last quarter. 47.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Roth Capital upped their price objective on Vicor from $285.00 to $375.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Weiss Ratings lowered Vicor from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, August 20th. Zacks Research cut Vicor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 2nd. Needham & Company LLC decreased their price target on Vicor from $400.00 to $320.00 and set a “buy” rating for the company in a report on Tuesday, July 21st. Finally, Craig Hallum lifted their price objective on shares of Vicor to $450.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Vicor currently has a consensus rating of “Moderate Buy” and an average target price of $381.67.

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.