Key Points
- Vicor VP Alex Gusinov sold 3,844 shares on December 15 at an average price of $97.31 for $374,059.64, cutting his stake by 27.1% to 10,340 shares (worth about $1.01M after the trade).
- Vicor posted a strong quarterly beat on October 21 with EPS of $0.63 versus $0.20 expected and revenue of $110.4M (up 18.5% year-over-year); the stock recently traded near $98.81 and has a market cap of ~$4.41B.
- Analysts show a consensus of "Moderate Buy" with an average price target of $98.33 (Roth Capital initiated coverage at $115), and institutional investors own about 47.45% of the company with several notable Q3 buys.
Vicor Corporation (NASDAQ:VICR - Get Free Report) VP Alex Gusinov sold 3,844 shares of the business's stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $97.31, for a total transaction of $374,059.64. Following the completion of the sale, the vice president directly owned 10,340 shares of the company's stock, valued at approximately $1,006,185.40. The trade was a 27.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.
Alex Gusinov also recently made the following trade(s):
- On Friday, November 21st, Alex Gusinov sold 1,571 shares of Vicor stock. The stock was sold at an average price of $86.05, for a total transaction of $135,184.55.
- On Tuesday, October 28th, Alex Gusinov sold 4,019 shares of Vicor stock. The shares were sold at an average price of $89.75, for a total value of $360,705.25.
Vicor Stock Performance
Shares of Vicor stock traded up $1.62 on Thursday, reaching $98.81. 20,867 shares of the stock were exchanged, compared to its average volume of 333,193. The firm's 50 day moving average is $85.11 and its 200-day moving average is $60.93. Vicor Corporation has a one year low of $38.92 and a one year high of $102.19. The firm has a market cap of $4.41 billion, a PE ratio of 53.99 and a beta of 1.94.
Vicor (NASDAQ:VICR - Get Free Report) last issued its quarterly earnings results on Tuesday, October 21st. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.43. The company had revenue of $110.42 million for the quarter, compared to analyst estimates of $95.40 million. Vicor had a return on equity of 13.77% and a net margin of 18.63%.The company's revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.26 EPS.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on VICR shares. Roth Capital assumed coverage on shares of Vicor in a report on Tuesday. They set a "buy" rating and a $115.00 price target on the stock. Zacks Research upgraded shares of Vicor to a "hold" rating in a report on Tuesday. Wall Street Zen downgraded Vicor from a "strong-buy" rating to a "buy" rating in a report on Sunday, November 23rd. Weiss Ratings reissued a "hold (c)" rating on shares of Vicor in a research note on Wednesday, October 8th. Finally, Needham & Company LLC set a $90.00 price target on Vicor and gave the stock a "buy" rating in a report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Vicor currently has an average rating of "Moderate Buy" and a consensus price target of $98.33.
Get Our Latest Research Report on Vicor
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the business. CIBC Bancorp USA Inc. purchased a new stake in Vicor during the third quarter valued at about $12,625,000. Jacobs Levy Equity Management Inc. grew its holdings in shares of Vicor by 188.1% during the third quarter. Jacobs Levy Equity Management Inc. now owns 85,725 shares of the electronics maker's stock worth $4,262,000 after purchasing an additional 55,971 shares in the last quarter. Kestra Private Wealth Services LLC purchased a new stake in shares of Vicor during the 3rd quarter valued at $375,000. Dark Forest Capital Management LP lifted its stake in Vicor by 108.0% in the third quarter. Dark Forest Capital Management LP now owns 80,185 shares of the electronics maker's stock worth $3,987,000 after purchasing an additional 41,641 shares during the last quarter. Finally, Verition Fund Management LLC bought a new position in shares of Vicor in the third quarter worth approximately $218,000. Hedge funds and other institutional investors own 47.45% of the company's stock.
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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