Key Points
- Michael Mcnamara, a Vicor insider, sold 4,237 shares on Dec. 11 at an average price of $101.23 for $428,911.51, leaving him with 18,138 shares—a reported 18.94% decrease in his ownership.
- Vicor posted a strong quarter on Oct. 21 with an EPS beat of $0.63 vs. $0.20 expected and revenue of $110.42M (up 18.5% year-over-year), with a net margin of 18.63%.
- The stock trades near its 52-week high ($102.19) with a market cap of $4.37B and a P/E of 53.44; analysts rate it a consensus “Moderate Buy” with a $90 average price target.
Vicor Corporation (NASDAQ:VICR - Get Free Report) insider Michael Mcnamara sold 4,237 shares of the stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $101.23, for a total transaction of $428,911.51. Following the completion of the transaction, the insider owned 18,138 shares in the company, valued at $1,836,109.74. This represents a 18.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Vicor Stock Performance
VICR opened at $97.80 on Friday. The company has a fifty day moving average price of $82.39 and a two-hundred day moving average price of $59.71. The firm has a market capitalization of $4.37 billion, a PE ratio of 53.44 and a beta of 1.94. Vicor Corporation has a 52 week low of $38.92 and a 52 week high of $102.19.
Vicor (NASDAQ:VICR - Get Free Report) last posted its quarterly earnings results on Tuesday, October 21st. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.43. Vicor had a return on equity of 13.77% and a net margin of 18.63%.The business had revenue of $110.42 million for the quarter, compared to analyst estimates of $95.40 million. During the same period last year, the company earned $0.26 EPS. The firm's revenue was up 18.5% on a year-over-year basis.
Hedge Funds Weigh In On Vicor
Institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. grew its position in shares of Vicor by 15.6% in the 1st quarter. JPMorgan Chase & Co. now owns 4,446,226 shares of the electronics maker's stock valued at $207,994,000 after purchasing an additional 598,896 shares during the period. Dimensional Fund Advisors LP lifted its stake in 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 buying an additional 25,393 shares in the last quarter. AWM Investment Company Inc. boosted its holdings 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 valued at $17,412,000 after buying an additional 20,195 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Vicor by 1,921.4% in the third quarter. Arrowstreet Capital Limited Partnership now owns 267,882 shares of the electronics maker's stock valued at $13,319,000 after buying an additional 254,630 shares during the period. Finally, Millennium Management LLC increased its position in shares of Vicor by 4,634.5% during the first quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker's stock worth $12,379,000 after acquiring an additional 259,022 shares in the last quarter. Institutional investors own 47.45% of the company's stock.
Wall Street Analyst Weigh In
VICR has been the subject of several analyst reports. Needham & Company LLC set a $90.00 target price on Vicor and gave the stock a "buy" rating in a research report on Wednesday, October 22nd. Weiss Ratings reiterated a "hold (c)" rating on shares of Vicor in a research report on Wednesday, October 8th. Wall Street Zen cut shares of Vicor from a "strong-buy" rating to a "buy" rating in a report on Sunday, November 23rd. Finally, Craig Hallum raised shares of Vicor from a "hold" rating to a "buy" rating and set a $90.00 target price for the company in a research note on Wednesday, October 22nd. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $90.00.
Check Out Our Latest Stock Report 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.
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