Vicor Co. (NASDAQ:VICR) Director Andrew D’amico Sells 2,000 Shares of Stock

Vicor Co. (NASDAQ:VICR) Director Andrew D’amico sold 2,000 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $51.91, for a total value of $103,820.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Vicor Price Performance

Shares of VICR stock opened at $50.06 on Wednesday. The business has a 50-day moving average of $52.97 and a 200 day moving average of $43.44. Vicor Co. has a 1-year low of $30.90 and a 1-year high of $61.05. The stock has a market capitalization of $2.26 billion, a PE ratio of 104.29 and a beta of 1.50.

Vicor (NASDAQ:VICR) last issued its earnings results on Tuesday, October 22nd. The electronics maker reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.13. Vicor had a net margin of 6.08% and a return on equity of 4.00%. The firm had revenue of $93.17 million for the quarter, compared to analysts’ expectations of $85.23 million. During the same quarter last year, the business earned $0.37 earnings per share. The business’s revenue was down 13.6% on a year-over-year basis.

Hedge Funds Weigh In On Vicor

Several hedge funds and other institutional investors have recently modified their holdings of the company. Barclays PLC boosted its stake in shares of Vicor by 361.6% during the 3rd quarter. Barclays PLC now owns 39,397 shares of the electronics maker’s stock valued at $1,658,000 after purchasing an additional 30,863 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Vicor by 6.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 206,713 shares of the electronics maker’s stock worth $8,703,000 after purchasing an additional 12,203 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Vicor by 6.3% during the third quarter. Geode Capital Management LLC now owns 572,195 shares of the electronics maker’s stock valued at $24,094,000 after buying an additional 33,696 shares during the last quarter. Millennium Management LLC bought a new stake in shares of Vicor in the 2nd quarter worth $5,019,000. Finally, State Street Corp increased its holdings in Vicor by 2.1% in the 3rd quarter. State Street Corp now owns 852,932 shares of the electronics maker’s stock worth $35,908,000 after buying an additional 17,668 shares in the last quarter. 47.45% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on VICR. Needham & Company LLC reiterated a “hold” rating on shares of Vicor in a research report on Wednesday, October 23rd. Craig Hallum increased their target price on shares of Vicor from $35.00 to $43.00 and gave the company a “hold” rating in a report on Wednesday, October 23rd.

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.