Vicor (NASDAQ:VICR) VP Sells $985,230.00 in Stock

Vicor Corporation (NASDAQ:VICR) VP Claudio Tuozzolo sold 3,000 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $328.41, for a total transaction of $985,230.00. Following the completion of the transaction, the vice president directly owned 13,240 shares of the company’s stock, valued at approximately $4,348,148.40. The trade was a 18.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Claudio Tuozzolo also recently made the following trade(s):

• On Friday, April 24th, Claudio Tuozzolo sold 11,035 shares of Vicor stock. The stock was sold at an average price of $270.50, for a total transaction of $2,984,967.50.

Vicor Trading Up 0.2%

Shares of Vicor stock traded up $0.83 during trading hours on Thursday, reaching $346.67. 282,877 shares of the company’s stock were exchanged, compared to its average volume of 836,037. The company has a 50 day moving average of $226.39 and a two-hundred day moving average of $166.66. Vicor Corporation has a fifty-two week low of $41.76 and a fifty-two week high of $361.89. The stock has a market cap of $15.80 billion, a P/E ratio of 116.01 and a beta of 2.33.

Vicor (NASDAQ:VICR) last posted its quarterly earnings data on Tuesday, April 21st. The electronics maker reported $0.44 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $109.05 million. During the same period in the prior year, the business posted $0.06 EPS. The company’s quarterly revenue was up 20.2% on a year-over-year basis. As a group, analysts expect that Vicor Corporation will post 2.71 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Zacks Research upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Wall Street Zen downgraded shares of Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Needham & Company LLC increased their price objective on shares of Vicor from $260.00 to $350.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $245.00 target price on shares of Vicor in a report on Monday, April 20th. 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 stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $228.33.

Institutional Investors Weigh In On Vicor

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Vicor by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 2,534,534 shares of the electronics maker’s stock valued at $277,785,000 after purchasing an additional 60,963 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Vicor by 39.6% in the 1st quarter. The Manufacturers Life Insurance Company now owns 603,364 shares of the electronics maker’s stock valued at $97,142,000 after acquiring an additional 171,175 shares during the period. Dimensional Fund Advisors LP raised its holdings in Vicor by 4.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 578,515 shares of the electronics maker’s stock valued at $28,759,000 after acquiring an additional 25,393 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in Vicor by 43.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 536,274 shares of the electronics maker’s stock valued at $86,340,000 after acquiring an additional 162,186 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in Vicor by 1,542.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 439,820 shares of the electronics maker’s stock valued at $48,205,000 after acquiring an additional 413,038 shares during the period. 47.45% of the stock is owned by institutional investors.

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.