Vicor Co. (NASDAQ:VICR) VP Sells $213,744.00 in Stock

Vicor Co. (NASDAQ:VICR) VP Claudio Tuozzolo sold 3,504 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $61.00, for a total transaction of $213,744.00. Following the transaction, the vice president now owns 34,622 shares in the company, valued at approximately $2,111,942. The trade was a 9.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Vicor Stock Performance

NASDAQ:VICR traded up $4.42 during trading hours on Wednesday, hitting $64.86. The stock had a trading volume of 307,306 shares, compared to its average volume of 274,817. Vicor Co. has a one year low of $30.90 and a one year high of $65.70. The company has a market cap of $2.93 billion, a price-to-earnings ratio of 125.28 and a beta of 1.51. The business’s 50 day moving average is $51.09 and its 200-day moving average is $47.24.

Vicor (NASDAQ:VICR) last issued its quarterly earnings data on Thursday, February 20th. The electronics maker reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.05. Vicor had a net margin of 6.46% and a return on equity of 4.29%. The company had revenue of $96.17 million during the quarter, compared to the consensus estimate of $91.03 million.

Institutional Investors Weigh In On Vicor

Hedge funds have recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. boosted its position in Vicor by 146.2% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,162 shares of the electronics maker’s stock worth $49,000 after buying an additional 690 shares during the period. Headlands Technologies LLC acquired a new stake in Vicor during the 4th quarter worth approximately $140,000. Invesco LLC acquired a new stake in Vicor during the 3rd quarter worth approximately $205,000. Truist Financial Corp acquired a new stake in Vicor during the 4th quarter worth approximately $213,000. Finally, Net Worth Advisory Group acquired a new stake in Vicor during the 4th quarter worth approximately $218,000. 47.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Craig Hallum raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. StockNews.com raised shares of Vicor from a “hold” rating to a “buy” rating in a research note on Monday. Finally, Needham & Company LLC reissued a “hold” rating on shares of Vicor in a research note on Tuesday, February 18th.

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.