Key Points
- Vicor CEO Patrizio Vinciarelli sold 50,000 shares on March 10 for $8,862,500, reducing his stake by 0.52% to 9,508,163 shares valued at about $1.685 billion; he has completed multiple insider sales earlier in March as well.
- Vicor posted a strong quarter, reporting $1.01 EPS vs. $0.38 expected and $362.7M in revenue (well above the $107.8M consensus), with a 26.2% net margin and revenue up 11.5% year-over-year.
- The stock trades with a market cap of roughly $7.98 billion and a P/E of 68.5, and while analysts’ consensus is a "Buy," the average price target of $118.33 is materially below the recent share price (about $179).
Vicor Corporation (NASDAQ:VICR - Get Free Report) CFO James Schmidt sold 875 shares of the firm's stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $91.92, for a total transaction of $80,430.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Vicor Price Performance
NASDAQ VICR traded down $14.00 during trading hours on Thursday, hitting $164.83. The company's stock had a trading volume of 136,607 shares, compared to its average volume of 720,538. The company has a market cap of $7.36 billion, a P/E ratio of 62.88 and a beta of 1.84. The company's 50 day simple moving average is $161.48 and its two-hundred day simple moving average is $105.59. 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 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 firm had revenue of $362.70 million for the quarter, compared to analysts' expectations of $107.78 million. During the same quarter in the prior year, the business earned $0.23 EPS. The business's quarterly revenue was up 11.5% on a year-over-year basis.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in VICR. Federated Hermes Inc. acquired a new position in Vicor in the 4th quarter valued at $27,000. Nisa Investment Advisors LLC raised its holdings in shares of Vicor by 53.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker's stock worth $30,000 after acquiring an additional 210 shares during the period. Harbour Investments Inc. acquired a new position in shares of Vicor during the 4th quarter valued at about $32,000. Allworth Financial LP increased its position in Vicor by 960.0% during the fourth quarter. Allworth Financial LP now owns 318 shares of the electronics maker's stock worth $35,000 after purchasing an additional 288 shares during the last quarter. Finally, NBC Securities Inc. acquired a new position in Vicor in the 4th quarter valued at about $36,000. Hedge funds and other institutional investors own 47.45% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts have commented on VICR shares. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Vicor in a research report on Wednesday, January 21st. Zacks Research raised shares of Vicor from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 23rd. Wall Street Zen downgraded shares of Vicor from a "strong-buy" rating to a "buy" rating in a research report on Sunday, November 23rd. Finally, Roth Mkm restated a "buy" rating and issued a $175.00 price target on shares of Vicor in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $118.33.
Check Out Our Latest Report on VICR
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
