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

Vicor Corporation (NASDAQ:VICR) VP Philip Davies sold 3,073 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $183.26, for a total value of $563,157.98. Following the completion of the transaction, the vice president directly owned 1,920 shares of the company’s stock, valued at $351,859.20. The trade was a 61.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Vicor Stock Performance

Shares of VICR stock opened at $179.01 on Wednesday. The stock has a fifty day moving average price of $223.90 and a 200 day moving average price of $226.54. The stock has a market cap of $8.26 billion, a PE ratio of 45.80 and a beta of 2.45. Vicor Corporation has a 1 year low of $80.29 and a 1 year high of $382.65.

Vicor (NASDAQ:VICR) last posted its earnings results on Tuesday, October 20th. The electronics maker reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.01. The company had revenue of $197.11 million for the quarter, compared to the consensus estimate of $187.03 million. Vicor had a return on equity of 22.49% and a net margin of 32.15%. Vicor’s quarterly revenue was up 78.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.63 earnings per share. As a group, equities research analysts predict that Vicor Corporation will post 3.94 earnings per share for the current year.

Institutional Investors Weigh In On Vicor

A number of institutional investors and hedge funds have recently bought and sold shares of VICR. Andar Capital Management HK Ltd purchased a new stake in shares of Vicor during the second quarter worth about $101,100,000. BlackRock Inc. purchased a new position in shares of Vicor during the second quarter valued at approximately $934,612,000. The Manufacturers Life Insurance Company lifted its stake in shares of Vicor by 39.6% during the first quarter. The Manufacturers Life Insurance Company now owns 603,364 shares of the electronics maker’s stock valued at $97,142,000 after buying an additional 171,175 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of Vicor by 43.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 536,274 shares of the electronics maker’s stock valued at $86,340,000 after buying an additional 162,186 shares during the period. Finally, First Trust Advisors LP boosted its position in Vicor by 23.5% during the first quarter. First Trust Advisors LP now owns 163,953 shares of the electronics maker’s stock worth $26,396,000 after acquiring an additional 31,184 shares during the last quarter. Hedge funds and other institutional investors own 47.45% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on VICR. Needham & Company LLC reiterated a “buy” rating and issued a $350.00 price objective on shares of Vicor in a research report on Tuesday, October 20th. Zacks Research raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 1st. Roth Capital set a $360.00 target price on shares of Vicor in a report on Wednesday, October 21st. Weiss Ratings upgraded shares of Vicor from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, October 27th. Finally, Wall Street Zen cut shares of Vicor from a “buy” rating to a “hold” rating in a research report on Saturday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $386.67.

About Vicor

Vicor Corporation (NASDAQ: VICR) designs, develops, manufactures and markets modular power components and systems. The company’s products convert, regulate and distribute electrical power for electronic equipment, with an emphasis on high-performance, compact and efficient power solutions.

Its portfolio includes AC-to-DC and DC-to-DC converters, regulators, power modules, power distribution components and complete power systems. Vicor’s technologies include its Factorized Power Architecture and high-density ChiP packaging, which are designed to help engineers manage power more efficiently while reducing the size and complexity of electronic systems.

Vicor serves customers in industries such as data centers and computing, telecommunications, automotive, aerospace and defense, industrial equipment, and consumer electronics.