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

Vicor Corporation (NASDAQ:VICR) VP Philip Davies sold 3,072 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $211.69, for a total value of $650,311.68. Following the completion of the sale, the vice president owned 1,920 shares in the company, valued at approximately $406,444.80. The trade was a 61.54% 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.

Vicor Stock Performance

Shares of VICR stock opened at $219.08 on Thursday. The stock has a 50 day moving average price of $280.36 and a 200 day moving average price of $228.54. Vicor Corporation has a 52-week low of $44.97 and a 52-week high of $382.65. The firm has a market capitalization of $9.99 billion, a P/E ratio of 70.22 and a beta of 2.37.

Vicor (NASDAQ:VICR) last announced its quarterly earnings data on Tuesday, July 21st. The electronics maker reported $1.04 EPS for the quarter, beating the consensus estimate of $0.65 by $0.39. Vicor had a return on equity of 19.83% and a net margin of 30.65%.The company had revenue of $143.35 million for the quarter, compared to the consensus estimate of $138.37 million. During the same quarter in the prior year, the company posted $0.91 EPS. Vicor’s quarterly revenue was up 49.3% on a year-over-year basis. As a group, sell-side analysts forecast that Vicor Corporation will post 3.12 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Zacks Research downgraded shares of Vicor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 2nd. Roth Capital boosted their price target on Vicor from $285.00 to $375.00 and gave the company a “buy” rating in a report on Monday, June 22nd. Weiss Ratings cut Vicor from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, July 23rd. Needham & Company LLC dropped their price objective on Vicor from $400.00 to $320.00 and set a “buy” rating on the stock in a research note on Tuesday, July 21st. Finally, Craig Hallum raised their price objective on Vicor to $450.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $381.67.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Convergence Investment Partners LLC purchased a new stake in Vicor during the fourth quarter worth $1,631,000. Chicago Capital LLC purchased a new position in shares of Vicor in the 4th quarter valued at $771,000. Janney Montgomery Scott LLC purchased a new position in shares of Vicor in the 1st quarter valued at $761,000. Washburn Capital Management Inc. purchased a new position in shares of Vicor in the 4th quarter valued at $812,000. Finally, Andar Capital Management HK Ltd raised its position in shares of Vicor by 71.9% in the 1st quarter. Andar Capital Management HK Ltd now owns 55,000 shares of the electronics maker’s stock worth $8,855,000 after acquiring an additional 23,000 shares in the last quarter. Hedge funds and other institutional investors own 47.45% of the company’s stock.

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.