Sean Crilly Sells 2,500 Shares of Vicor (NASDAQ:VICR) Stock

Vicor Corporation (NASDAQ:VICR) VP Sean Crilly sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $282.52, for a total transaction of $706,300.00. Following the transaction, the vice president directly owned 7,229 shares in the company, valued at $2,042,337.08. The trade was a 25.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

Vicor Stock Performance

Shares of VICR stock opened at $283.48 on Wednesday. Vicor Corporation has a one year low of $41.76 and a one year high of $361.89. The company has a 50 day moving average price of $250.62 and a 200 day moving average price of $180.77. The firm has a market capitalization of $12.92 billion, a price-to-earnings ratio of 94.81 and a beta of 2.36.

Vicor (NASDAQ:VICR) last released its quarterly earnings data on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.04. The company had revenue of $112.97 million during 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 business’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.06 earnings per share. As a group, equities analysts forecast that Vicor Corporation will post 2.71 EPS for the current fiscal year.

Hedge Funds Weigh In On Vicor

Institutional investors and hedge funds have recently bought and sold shares of the stock. Federated Hermes Inc. acquired a new position in shares of Vicor in the 4th quarter valued at $27,000. Harbour Investments Inc. acquired a new position in Vicor during the 4th quarter worth about $32,000. Allworth Financial LP lifted its position in Vicor by 960.0% during the 4th quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock worth $35,000 after buying an additional 288 shares in the last quarter. NBC Securities Inc. acquired a new position in Vicor during the 4th quarter worth about $36,000. Finally, SBI Securities Co. Ltd. lifted its position in Vicor by 32,400.0% during the 4th quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker’s stock valued at $36,000 after purchasing an additional 324 shares during the period. Institutional investors own 47.45% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on VICR shares. Needham & Company LLC raised their price target on shares of Vicor from $260.00 to $350.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Roth Mkm restated a “buy” rating and set a $245.00 price target on shares of Vicor in a research report on Monday, April 20th. Wall Street Zen cut shares of Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Vicor in a research note on Monday, June 1st. Finally, Zacks Research raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Vicor currently has a consensus rating of “Buy” and a consensus price target of $228.33.

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.