Key Points
- CAO Quentin Fendelet sold 2,299 shares of Vicor on March 2 at an average price of $204.72, for a total of $470,651.28, a transaction disclosed in an SEC filing.
- Vicor materially beat expectations for the quarter, reporting $1.01 EPS vs. $0.38 expected and $362.7M in revenue vs. $107.78M expected, with a 26.19% net margin and 11.5% year‑over‑year revenue growth.
- The stock trades near $202 with a market cap of $9.02B and a PE of 77.38, while analysts maintain a consensus "Buy" but an average price target of $118.33, and institutional investors own about 47.5% of the shares.
Vicor Corporation (NASDAQ:VICR - Get Free Report) CAO Quentin Fendelet sold 2,299 shares of the firm's stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $204.72, for a total value of $470,651.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Vicor Stock Down 3.5%
Shares of NASDAQ:VICR opened at $201.97 on Wednesday. Vicor Corporation has a 12-month low of $38.92 and a 12-month high of $209.53. The business has a 50 day moving average of $153.28 and a 200-day moving average of $100.47. The stock has a market cap of $9.02 billion, a PE ratio of 77.38 and a beta of 1.84.
Vicor (NASDAQ:VICR - Get Free Report) last issued its quarterly earnings data on Thursday, February 19th. The electronics maker reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.63. Vicor had a net margin of 26.19% and a return on equity of 18.73%. The business had revenue of $362.70 million during the quarter, compared to analysts' expectations of $107.78 million. During the same quarter in the previous year, the company earned $0.23 EPS. The business's revenue was up 11.5% on a year-over-year basis.
Hedge Funds Weigh In On Vicor
Several institutional investors and hedge funds have recently added to or reduced their stakes in VICR. Vanguard Group Inc. raised its position in Vicor by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 2,534,534 shares of the electronics maker's stock worth $277,785,000 after purchasing an additional 60,963 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Vicor by 4.6% during the third quarter. Dimensional Fund Advisors LP now owns 578,515 shares of the electronics maker's stock worth $28,759,000 after acquiring an additional 25,393 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Vicor by 1,542.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 439,820 shares of the electronics maker's stock worth $48,205,000 after acquiring an additional 413,038 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Vicor by 3,918.9% in the fourth quarter. The Manufacturers Life Insurance Company now owns 432,189 shares of the electronics maker's stock worth $47,368,000 after acquiring an additional 421,435 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Vicor by 39.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 374,088 shares of the electronics maker's stock valued at $41,000,000 after acquiring an additional 106,206 shares during the last quarter. 47.45% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities research analysts have weighed in on the company. Roth Mkm reaffirmed a "buy" rating and issued a $175.00 target price on shares of Vicor in a report on Thursday, January 22nd. Weiss Ratings restated a "hold (c)" rating on shares of Vicor in a research report on Wednesday, January 21st. 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 shares of Vicor from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 23rd. One research 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $118.33.
View Our Latest Stock Report on Vicor
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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