Philip Davies Sells 3,072 Shares of Vicor (NASDAQ:VICR) Stock

Vicor Corporation (NASDAQ:VICR) VP Philip Davies sold 3,072 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $321.69, for a total transaction of $988,231.68. Following the completion of the sale, the vice president directly owned 1,920 shares in the company, valued at approximately $617,644.80. This trade represents a 61.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Vicor Stock Down 0.7%

Shares of NASDAQ:VICR opened at $330.48 on Thursday. The firm’s 50 day moving average price is $241.46 and its 200 day moving average price is $175.21. The stock has a market cap of $15.06 billion, a price-to-earnings ratio of 110.53 and a beta of 2.36. Vicor Corporation has a fifty-two week low of $41.76 and a fifty-two week high of $361.89.

Vicor (NASDAQ:VICR) last announced its quarterly earnings results on Tuesday, April 21st. The electronics maker reported $0.44 EPS for the quarter, beating the consensus estimate of $0.40 by $0.04. The company had revenue of $112.97 million for the quarter, compared to analyst estimates of $109.05 million. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The firm’s revenue was up 20.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.06 earnings per share. On average, equities analysts anticipate that Vicor Corporation will post 2.71 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC boosted its holdings in Vicor by 167.8% in the first quarter. Parallel Advisors LLC now owns 490 shares of the electronics maker’s stock valued at $79,000 after acquiring an additional 307 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of Vicor by 1,493.1% during the first quarter. NewEdge Advisors LLC now owns 2,071 shares of the electronics maker’s stock valued at $333,000 after acquiring an additional 1,941 shares in the last quarter. Axiom Investment Management LLC acquired a new stake in shares of Vicor during the first quarter valued at about $209,000. Vestor Capital LLC bought a new position in shares of Vicor during the first quarter worth about $7,110,000. Finally, Bank of America Corp DE lifted its position in shares of Vicor by 44.4% during the first quarter. Bank of America Corp DE now owns 102,107 shares of the electronics maker’s stock worth $16,439,000 after purchasing an additional 31,399 shares during the last quarter. Institutional investors and hedge funds own 47.45% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Roth Mkm restated a “buy” rating and set a $245.00 price target on shares of Vicor in a research note on Monday, April 20th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Vicor in a research note on Monday. Zacks Research raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Needham & Company LLC upped their price target on shares of Vicor from $260.00 to $350.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Finally, Wall Street Zen downgraded Vicor from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Vicor has a consensus rating of “Buy” and an average target price of $228.33.

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.