Vicor (NASDAQ:VICR) VP Sells $1,096,968.81 in Stock

Vicor Corporation (NASDAQ:VICR) VP Philip Davies sold 3,073 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $356.97, for a total transaction of $1,096,968.81. Following the transaction, the vice president owned 1,920 shares of the company’s stock, valued at approximately $685,382.40. This trade represents a 61.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Vicor Stock Performance

VICR traded up $9.26 during trading on Monday, hitting $292.21. The stock had a trading volume of 259,042 shares, compared to its average volume of 842,756. The stock has a 50 day simple moving average of $300.36 and a two-hundred day simple moving average of $210.23. Vicor Corporation has a twelve month low of $41.76 and a twelve month high of $382.65. The company has a market capitalization of $13.32 billion, a PE ratio of 97.84 and a beta of 2.33.

Vicor (NASDAQ:VICR) last issued its quarterly earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share (EPS) 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 the consensus estimate of $109.05 million. Vicor had a return on equity of 20.21% and a net margin of 28.98%.The business’s quarterly revenue was up 20.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.06 earnings per share. On average, equities research analysts anticipate that Vicor Corporation will post 2.94 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Sapient Capital LLC lifted its holdings in Vicor by 54.6% in the first quarter. Sapient Capital LLC now owns 2,830 shares of the electronics maker’s stock valued at $456,000 after acquiring an additional 1,000 shares during the period. Empowered Funds LLC increased its holdings in shares of Vicor by 6,794.9% during the 1st quarter. Empowered Funds LLC now owns 51,091 shares of the electronics maker’s stock valued at $8,226,000 after purchasing an additional 50,350 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of Vicor by 167.8% during the 1st quarter. Parallel Advisors LLC now owns 490 shares of the electronics maker’s stock valued at $79,000 after purchasing an additional 307 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of Vicor by 1,493.1% in the 1st quarter. NewEdge Advisors LLC now owns 2,071 shares of the electronics maker’s stock valued at $333,000 after purchasing an additional 1,941 shares during the period. Finally, Axiom Investment Management LLC acquired a new position in shares of Vicor in the 1st quarter valued at $209,000. 47.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on VICR shares. Roth Mkm raised their price target on Vicor from $285.00 to $375.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Needham & Company LLC increased their price objective on shares of Vicor to $400.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Craig Hallum lifted their target price on shares of Vicor to $450.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Weiss Ratings reissued a “hold (c+)” rating on shares of Vicor in a research report on Monday, June 1st. Finally, Wall Street Zen lowered shares of Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $408.33.

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.