Zmira Lavie Sells 908 Shares of Vicor (NASDAQ:VICR) Stock

Vicor Corporation (NASDAQ:VICR) Director Zmira Lavie sold 908 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $250.00, for a total transaction of $227,000.00. Following the sale, the director directly owned 908 shares of the company’s stock, valued at $227,000. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Vicor Price Performance

NASDAQ VICR traded down $25.55 during mid-day trading on Wednesday, hitting $216.86. The company’s stock had a trading volume of 483,942 shares, compared to its average volume of 845,228. Vicor Corporation has a 52-week low of $45.44 and a 52-week high of $382.65. The stock’s fifty day simple moving average is $265.13 and its two-hundred day simple moving average is $232.87. The firm has a market capitalization of $10.00 billion, a P/E ratio of 70.16 and a beta of 2.37.

Vicor (NASDAQ:VICR) last announced its quarterly earnings results on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.39. The firm had revenue of $143.35 million during the quarter, compared to analysts’ expectations of $138.37 million. Vicor had a net margin of 30.65% and a return on equity of 19.83%. The firm’s revenue was up 49.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.91 EPS. On average, equities analysts forecast that Vicor Corporation will post 3.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vicor

Hedge funds have recently bought and sold shares of the business. Andar Capital Management HK Ltd acquired a new stake in shares of Vicor in the second quarter worth about $101,100,000. Vanguard Group Inc. raised its stake 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 acquiring an additional 60,963 shares in the last quarter. BlackRock Inc. acquired a new stake in Vicor in the 2nd quarter worth approximately $934,612,000. The Manufacturers Life Insurance Company boosted its position in Vicor by 39.6% during the first quarter. The Manufacturers Life Insurance Company now owns 603,364 shares of the electronics maker’s stock worth $97,142,000 after purchasing an additional 171,175 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Vicor by 4.6% during the third quarter. Dimensional Fund Advisors LP now owns 578,515 shares of the electronics maker’s stock worth $28,759,000 after purchasing an additional 25,393 shares during the period. 47.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on VICR shares. Wall Street Zen cut Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Craig Hallum increased their price target on shares of Vicor to $450.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Weiss Ratings raised Vicor from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 6th. Roth Capital increased their target price on Vicor from $285.00 to $375.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Finally, Needham & Company LLC decreased their target price on Vicor from $400.00 to $320.00 and set a “buy” rating for the company in a research note on Tuesday, July 21st. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Vicor has a consensus rating of “Moderate Buy” and a consensus price target of $381.67.

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.