Alex Gusinov Sells 4,019 Shares of Vicor (NASDAQ:VICR) Stock

Vicor Corporation (NASDAQ:VICR) VP Alex Gusinov sold 4,019 shares of the firm’s stock in a transaction dated Tuesday, October 28th. The shares were sold at an average price of $89.75, for a total transaction of $360,705.25. Following the completion of the transaction, the vice president directly owned 12,680 shares in the company, valued at approximately $1,138,030. This represents a 24.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Vicor Trading Up 0.3%

VICR opened at $91.42 on Friday. The company’s 50 day moving average is $57.47 and its 200-day moving average is $49.60. Vicor Corporation has a 1-year low of $38.92 and a 1-year high of $96.58. The company has a market cap of $4.11 billion, a P/E ratio of 49.96 and a beta of 1.73.

Vicor (NASDAQ:VICR) last posted its quarterly earnings results on Tuesday, October 21st. The electronics maker reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.43. Vicor had a net margin of 18.63% and a return on equity of 13.77%. The company had revenue of $110.42 million for the quarter, compared to the consensus estimate of $95.40 million. During the same period last year, the company posted $0.26 EPS. The firm’s quarterly revenue was up 18.5% compared to the same quarter last year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on VICR. Needham & Company LLC set a $90.00 price target on shares of Vicor and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Vicor in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Vicor from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Finally, Craig Hallum upgraded shares of Vicor from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a report on Wednesday, October 22nd. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $90.00.

Institutional Trading of Vicor

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC increased its stake in Vicor by 53.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker’s stock valued at $30,000 after purchasing an additional 210 shares in the last quarter. Amalgamated Bank increased its stake in Vicor by 3.4% during the 3rd quarter. Amalgamated Bank now owns 6,782 shares of the electronics maker’s stock valued at $337,000 after purchasing an additional 224 shares in the last quarter. Manchester Capital Management LLC boosted its holdings in Vicor by 76.8% during the 1st quarter. Manchester Capital Management LLC now owns 610 shares of the electronics maker’s stock worth $29,000 after acquiring an additional 265 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Vicor by 7.5% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,929 shares of the electronics maker’s stock worth $269,000 after acquiring an additional 415 shares during the last quarter. Finally, Blair William & Co. IL boosted its holdings in Vicor by 12.6% during the 1st quarter. Blair William & Co. IL now owns 4,910 shares of the electronics maker’s stock worth $230,000 after acquiring an additional 550 shares during the last quarter. Institutional investors own 47.45% of the company’s stock.

About Vicor

Vicor Corporation, together with its subsidiaries, designs, develops, manufactures, and markets modular power components and power systems for converting electrical power in the United States, Europe, the Asia Pacific, and internationally. The company offers a range of brick-format DC-DC converters; complementary components provide AC line rectification, input filtering, power factor correction, and transient protection; and input and output voltage, and output power products, as well as electrical and mechanical accessories.