Nancy Grava Sells 7,032 Shares of Vicor (NASDAQ:VICR) Stock

Vicor Corporation (NASDAQ:VICR) VP Nancy Grava sold 7,032 shares of Vicor stock in a transaction that occurred on Thursday, October 23rd. The shares were sold at an average price of $91.00, for a total transaction of $639,912.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Vicor Stock Performance

Shares of VICR stock opened at $89.65 on Wednesday. The stock has a market capitalization of $4.03 billion, a P/E ratio of 48.99 and a beta of 1.73. The company has a 50 day moving average price of $55.69 and a 200 day moving average price of $49.00. Vicor Corporation has a fifty-two week low of $38.92 and a fifty-two week high of $96.58.

Vicor (NASDAQ:VICR) last issued its quarterly earnings results on Tuesday, October 21st. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $95.40 million. During the same quarter in the previous year, the firm earned $0.26 earnings per share. The firm’s quarterly revenue was up 18.5% on a year-over-year basis.

Analyst Ratings Changes

A number of brokerages recently issued reports on VICR. Needham & Company LLC set a $90.00 price target on shares of Vicor and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Wall Street Zen upgraded shares of Vicor from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Vicor in a research note on Wednesday, October 8th. 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 research note on Wednesday, October 22nd. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.00.

Institutional Trading of Vicor

Several institutional investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC lifted its position in shares of Vicor by 53.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker’s stock worth $30,000 after buying an additional 210 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Vicor during the 3rd quarter worth approximately $448,000. Bouvel Investment Partners LLC lifted its position in shares of Vicor by 3.4% during the 3rd quarter. Bouvel Investment Partners LLC now owns 24,098 shares of the electronics maker’s stock worth $1,198,000 after buying an additional 796 shares during the last quarter. Voya Investment Management LLC lifted its position in shares of Vicor by 5.2% during the 3rd quarter. Voya Investment Management LLC now owns 16,654 shares of the electronics maker’s stock worth $828,000 after buying an additional 830 shares during the last quarter. Finally, Chapin Davis Inc. lifted its position in shares of Vicor by 1.8% during the 3rd quarter. Chapin Davis Inc. now owns 45,700 shares of the electronics maker’s stock worth $2,272,000 after buying an additional 800 shares during the last quarter. Hedge funds and other 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.