Key Points
- Director Andrew D'amico sold 1,908 shares on Nov. 12 at an average price of $99.13 for $189,140, part of a string of insider sales in Oct–Nov that totalled about $1.72 million (including a 14,677-share sale on Oct. 22).
- Strong quarterly beat: Vicor reported EPS of $0.63 vs. a $0.20 consensus and revenue of $110.42M vs. $95.4M, with revenue up 18.5% year-over-year and a net margin of 18.63%.
- Shares traded up ~2% to $90.35, the company has a market cap of $4.03B and a P/E of 49.37, institutional ownership of 47.45%, and an average analyst consensus of "Moderate Buy" with a $90 price target.
Vicor Corporation (NASDAQ:VICR - Get Free Report) Director Andrew D'amico sold 1,908 shares of the firm's stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $99.13, for a total transaction of $189,140.04. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Andrew D'amico also recently made the following trade(s):
- On Friday, October 24th, Andrew D'amico sold 2,071 shares of Vicor stock. The shares were sold at an average price of $94.80, for a total transaction of $196,330.80.
- On Thursday, October 23rd, Andrew D'amico sold 565 shares of Vicor stock. The stock was sold at an average price of $90.00, for a total value of $50,850.00.
- On Wednesday, October 22nd, Andrew D'amico sold 14,677 shares of Vicor stock. The shares were sold at an average price of $82.53, for a total value of $1,211,292.81.
- On Tuesday, October 21st, Andrew D'amico sold 1,000 shares of Vicor stock. The shares were sold at an average price of $68.00, for a total value of $68,000.00.
Vicor Stock Up 2.0%
Shares of VICR traded up $1.77 during midday trading on Friday, reaching $90.35. 85,167 shares of the stock were exchanged, compared to its average volume of 336,057. The company has a market cap of $4.03 billion, a price-to-earnings ratio of 49.37 and a beta of 1.81. Vicor Corporation has a 12-month low of $38.92 and a 12-month high of $101.00. The firm has a 50 day simple moving average of $65.47 and a 200-day simple moving average of $52.63.
Vicor (NASDAQ:VICR - Get Free Report) last issued its quarterly earnings data on Tuesday, October 21st. The electronics maker reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.43. The firm had revenue of $110.42 million for the quarter, compared to analyst estimates of $95.40 million. Vicor had a net margin of 18.63% and a return on equity of 13.77%. The company's revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.26 earnings per share.
Institutional Trading of Vicor
Several hedge funds have recently added to or reduced their stakes in VICR. JPMorgan Chase & Co. increased its position in Vicor by 15.6% in the 1st quarter. JPMorgan Chase & Co. now owns 4,446,226 shares of the electronics maker's stock worth $207,994,000 after buying an additional 598,896 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Vicor by 4.6% in the third quarter. Dimensional Fund Advisors LP now owns 578,515 shares of the electronics maker's stock valued at $28,759,000 after acquiring an additional 25,393 shares during the period. AWM Investment Company Inc. grew its stake in shares of Vicor by 5.7% in the first quarter. AWM Investment Company Inc. now owns 372,210 shares of the electronics maker's stock worth $17,412,000 after acquiring an additional 20,195 shares during the last quarter. Pinnacle Associates Ltd. grew its stake in shares of Vicor by 29.0% in the first quarter. Pinnacle Associates Ltd. now owns 356,011 shares of the electronics maker's stock worth $16,654,000 after acquiring an additional 80,105 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in Vicor by 1,921.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 267,882 shares of the electronics maker's stock worth $13,319,000 after acquiring an additional 254,630 shares during the period. Institutional investors own 47.45% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts have commented on VICR shares. Craig Hallum raised shares of Vicor from a "hold" rating to a "buy" rating and set a $90.00 target price on the stock in a research report on Wednesday, October 22nd. Wall Street Zen upgraded Vicor from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. Needham & Company LLC set a $90.00 price objective on Vicor and gave the company a "buy" rating in a research note on Wednesday, October 22nd. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Vicor in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Vicor has an average rating of "Moderate Buy" and a consensus price target of $90.00.
Check Out Our Latest Analysis on VICR
Vicor Company Profile
(
Get Free Report)
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.
Further Reading
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