Key Points
- Director Zheng John Shen sold shares in two insider transactions — 2,503 shares on Feb. 23 for $440,427.88 and 1,217 shares on Mar. 4 for $250,397.75, totaling about $690,826.
- Vicor beat expectations in the latest quarter, reporting $1.01 EPS vs. a $0.38 estimate and $362.7M revenue vs. a $107.78M estimate, with revenue up 11.5% year‑over‑year.
- Despite the strong results, the stock dropped about 8.5% to $166.42 on the trading day reported.
Vicor Corporation (NASDAQ:VICR - Get Free Report) Director Zheng John Shen sold 1,217 shares of Vicor stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $205.75, for a total transaction of $250,397.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Zheng John Shen also recently made the following trade(s):
- On Monday, February 23rd, Zheng John Shen sold 2,503 shares of Vicor stock. The shares were sold at an average price of $175.96, for a total transaction of $440,427.88.
Vicor Stock Down 8.5%
Vicor stock traded down $15.50 during mid-day trading on Friday, hitting $166.42. 375,745 shares of the company's stock were exchanged, compared to its average volume of 717,744. The firm has a market capitalization of $7.43 billion, a P/E ratio of 63.76 and a beta of 1.84. Vicor Corporation has a fifty-two week low of $38.92 and a fifty-two week high of $209.53. The company's 50 day simple moving average is $156.66 and its 200-day simple moving average is $101.75.
Vicor (NASDAQ:VICR - Get Free Report) last posted 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. The firm had revenue of $362.70 million for the quarter, compared to analysts' expectations of $107.78 million. Vicor had a return on equity of 18.73% and a net margin of 26.19%.The company's quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.23 EPS.
Analyst Upgrades and Downgrades
Several brokerages have commented on VICR. Weiss Ratings reissued a "hold (c)" rating on shares of Vicor in a report on Wednesday, January 21st. Roth Mkm reaffirmed a "buy" rating and set a $175.00 price objective on shares of Vicor in a research report on Thursday, January 22nd. Zacks Research upgraded Vicor from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 23rd. Finally, Wall Street Zen lowered Vicor from a "strong-buy" rating to a "buy" rating in a research note on Sunday, November 23rd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $118.33.
Check Out Our Latest Research Report on Vicor
Institutional Trading of Vicor
Institutional investors have recently bought and sold shares of the company. Federated Hermes Inc. purchased a new stake in Vicor in the 4th quarter valued at approximately $27,000. Nisa Investment Advisors LLC lifted its position in shares of Vicor by 53.4% in the third quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker's stock valued at $30,000 after acquiring an additional 210 shares in the last quarter. Harbour Investments Inc. purchased a new stake in Vicor during the 4th quarter worth about $32,000. Allworth Financial LP raised its stake in Vicor by 960.0% in the 4th quarter. Allworth Financial LP now owns 318 shares of the electronics maker's stock valued at $35,000 after purchasing an additional 288 shares during the last quarter. Finally, NBC Securities Inc. acquired a new stake in shares of Vicor during the 4th quarter worth about $36,000. 47.45% of the stock is currently owned by hedge funds and other institutional investors.
About Vicor
(
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.
Further Reading
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