Vicor (NASDAQ:VICR) Director Andrew D’amico Sells 565 Shares of Stock

Vicor Corporation (NASDAQ:VICR) Director Andrew D’amico sold 565 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $303.03, for a total value of $171,211.95. Following the completion of the transaction, the director owned 565 shares in the company, valued at $171,211.95. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Andrew D’amico also recently made the following trade(s):

• On Monday, May 4th, Andrew D’amico sold 7,512 shares of Vicor stock. The stock was sold at an average price of $252.89, for a total value of $1,899,709.68.
• On Monday, April 27th, Andrew D’amico sold 800 shares of Vicor stock. The stock was sold at an average price of $277.00, for a total value of $221,600.00.

Vicor Stock Up 5.7%

Shares of NASDAQ VICR opened at $309.27 on Thursday. The firm has a market capitalization of $14.10 billion, a P/E ratio of 103.43 and a beta of 2.33. The stock’s 50-day simple moving average is $206.32 and its two-hundred day simple moving average is $153.32. Vicor Corporation has a twelve month low of $40.54 and a twelve month high of $315.00.

Vicor (NASDAQ:VICR) last announced its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. The business had revenue of $112.97 million for the quarter, compared to analyst estimates of $109.05 million. Vicor had a return on equity of 20.21% and a net margin of 28.98%.The company’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.06 EPS. As a group, research analysts anticipate that Vicor Corporation will post 2.71 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on VICR. Weiss Ratings reiterated a “hold (c)” rating on shares of Vicor in a research report on Wednesday, January 21st. Wall Street Zen lowered Vicor from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Zacks Research upgraded Vicor from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Roth Mkm reiterated a “buy” rating and set a $245.00 price objective on shares of Vicor in a research report on Monday, April 20th. Finally, Needham & Company LLC increased their price objective on Vicor from $180.00 to $260.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Vicor currently has a consensus rating of “Buy” and an average price target of $198.33.

Institutional Investors Weigh In On Vicor

Institutional investors have recently bought and sold shares of the stock. Federated Hermes Inc. purchased a new stake in Vicor during the 4th quarter valued at about $27,000. Blue Trust Inc. lifted its holdings in Vicor by 1,814.3% in the 1st quarter. Blue Trust Inc. now owns 268 shares of the electronics maker’s stock worth $43,000 after buying an additional 254 shares during the period. ROSS JOHNSON & Associates LLC lifted its holdings in Vicor by 13,750.0% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 277 shares of the electronics maker’s stock worth $45,000 after buying an additional 275 shares during the period. Harbour Investments Inc. purchased a new stake in Vicor in the 4th quarter worth approximately $32,000. Finally, Meeder Asset Management Inc. lifted its stake in shares of Vicor by 189.4% in the 1st quarter. Meeder Asset Management Inc. now owns 301 shares of the electronics maker’s stock valued at $48,000 after purchasing an additional 197 shares during the period. 47.45% of the stock is currently owned by hedge funds and other institutional investors.

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.