Insider Selling: Vicor (NASDAQ:VICR) VP Sells $213,809.70 in Stock

Vicor Corporation (NASDAQ:VICR) VP Claudio Tuozzolo sold 730 shares of the firm’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $292.89, for a total transaction of $213,809.70. Following the completion of the transaction, the vice president directly owned 13,240 shares in the company, valued at $3,877,863.60. This trade represents a 5.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Tuesday, May 26th, Claudio Tuozzolo sold 3,000 shares of Vicor stock. The shares were sold at an average price of $328.41, for a total transaction of $985,230.00.
• On Friday, April 24th, Claudio Tuozzolo sold 11,035 shares of Vicor stock. The shares were sold at an average price of $270.50, for a total transaction of $2,984,967.50.

Vicor Stock Performance

Shares of NASDAQ VICR opened at $303.77 on Monday. The firm has a market capitalization of $13.85 billion, a PE ratio of 101.60 and a beta of 2.36. Vicor Corporation has a 1 year low of $41.76 and a 1 year high of $361.89. The firm’s 50-day moving average is $258.94 and its 200-day moving average is $185.15.

Vicor (NASDAQ:VICR) last issued its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share (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 company’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.06 EPS. As a group, equities research analysts anticipate that Vicor Corporation will post 2.71 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on VICR shares. Wall Street Zen downgraded shares of Vicor from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Needham & Company LLC increased their price target on shares of Vicor from $260.00 to $350.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Vicor in a research report on Monday, June 1st. Roth Mkm reiterated a “buy” rating and issued a $245.00 price target on shares of Vicor in a research report on Monday, April 20th. Finally, Zacks Research upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $228.33.

Institutional Trading of Vicor

Several hedge funds have recently bought and sold shares of the stock. Parallel Advisors LLC raised its holdings in Vicor by 167.8% during the 1st quarter. Parallel Advisors LLC now owns 490 shares of the electronics maker’s stock worth $79,000 after buying an additional 307 shares during the period. NewEdge Advisors LLC raised its holdings in Vicor by 1,493.1% during the 1st quarter. NewEdge Advisors LLC now owns 2,071 shares of the electronics maker’s stock worth $333,000 after buying an additional 1,941 shares during the period. Axiom Investment Management LLC acquired a new stake in Vicor during the 1st quarter worth approximately $209,000. Vestor Capital LLC acquired a new stake in Vicor during the 1st quarter worth approximately $7,110,000. Finally, Bank of America Corp DE raised its holdings in Vicor by 44.4% during the 1st quarter. Bank of America Corp DE now owns 102,107 shares of the electronics maker’s stock worth $16,439,000 after buying an additional 31,399 shares during the period. 47.45% of the stock is currently owned by institutional investors and hedge funds.

About Vicor

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.