Vicor Corporation (NASDAQ:VICR - Get Free Report) VP Sean Crilly sold 6,000 shares of the company's stock in a transaction on Friday, February 27th. The stock was sold at an average price of $197.73, for a total transaction of $1,186,380.00. Following the transaction, the vice president owned 9,729 shares of the company's stock, valued at $1,923,715.17. This represents a 38.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Vicor Trading Up 3.9%
VICR stock opened at $209.19 on Tuesday. The business's 50-day moving average is $151.42 and its 200 day moving average is $99.38. The stock has a market cap of $9.34 billion, a price-to-earnings ratio of 80.15 and a beta of 1.83. Vicor Corporation has a 12-month low of $38.92 and a 12-month high of $209.53.
Vicor (NASDAQ:VICR - Get Free Report) last posted its quarterly earnings data on Thursday, February 19th. The electronics maker reported $1.01 EPS for the quarter, beating the consensus estimate of $0.38 by $0.63. Vicor had a return on equity of 18.73% and a net margin of 26.19%.The firm had revenue of $362.70 million during the quarter, compared to the consensus estimate of $107.78 million. During the same period in the prior year, the company earned $0.23 EPS. The firm's revenue was up 11.5% compared to the same quarter last year.
Wall Street Analysts Forecast Growth
VICR has been the subject of a number of recent analyst reports. Weiss Ratings restated a "hold (c)" rating on shares of Vicor in a report on Wednesday, January 21st. Roth Mkm reissued a "buy" rating and issued a $175.00 price target on shares of Vicor in a research report on Thursday, January 22nd. Wall Street Zen cut shares of Vicor from a "strong-buy" rating to a "buy" rating in a report on Sunday, November 23rd. Finally, Zacks Research raised Vicor from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $118.33.
Check Out Our Latest Analysis on Vicor
Institutional Investors Weigh In On Vicor
Institutional investors have recently added to or reduced their stakes in the business. Federated Hermes Inc. acquired a new stake in shares of Vicor in the 4th quarter valued at approximately $27,000. Harbour Investments Inc. purchased a new position in Vicor in the fourth quarter worth $32,000. Allworth Financial LP lifted its holdings in Vicor by 960.0% in the fourth quarter. Allworth Financial LP now owns 318 shares of the electronics maker's stock valued at $35,000 after acquiring an additional 288 shares during the period. SBI Securities Co. Ltd. boosted its position in shares of Vicor by 32,400.0% during the 4th quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker's stock worth $36,000 after purchasing an additional 324 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Vicor during the 4th quarter worth $36,000. Hedge funds and other institutional investors own 47.45% of the company's stock.
Vicor Company Profile
(
Get Free Report)
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.
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