Key Points
- CFO James Schmidt sold 15,500 shares on March 11 at an average price of $177.19, a transaction worth approximately $2.75 million disclosed in an SEC filing.
- Vicor posted a strong quarterly beat with $1.01 EPS versus $0.38 expected and revenue of $362.7 million, up 11.5% year-over-year.
- Shares traded at $168.67 (market cap ~$7.53B, P/E 64.55) and analysts hold a consensus "Buy" rating with a consensus price target of $118.33.
Vicor Corporation (NASDAQ:VICR - Get Free Report) CFO James Schmidt sold 15,500 shares of the firm's stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $177.19, for a total value of $2,746,445.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Vicor Stock Up 0.5%
Shares of VICR traded up $0.86 during trading hours on Friday, hitting $168.67. The company had a trading volume of 188,652 shares, compared to its average volume of 721,686. The firm has a market cap of $7.53 billion, a price-to-earnings ratio of 64.55 and a beta of 1.84. The business has a fifty day moving average of $162.65 and a 200-day moving average of $106.03. 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 (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.63. The company had revenue of $362.70 million during 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 business's revenue was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.23 earnings per share.
Institutional Trading of Vicor
Institutional investors and hedge funds have recently made changes to their positions in the company. Federated Hermes Inc. acquired a new stake in shares of Vicor during the 4th quarter worth approximately $27,000. Nisa Investment Advisors LLC raised its position in Vicor by 53.4% during the third quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker's stock valued at $30,000 after purchasing an additional 210 shares in the last quarter. Harbour Investments Inc. bought a new stake in Vicor during the fourth quarter worth $32,000. Allworth Financial LP lifted its stake 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 stake in shares of Vicor in the 4th quarter valued at $36,000. Institutional investors own 47.45% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts recently commented on the stock. Zacks Research raised shares of Vicor from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 23rd. Roth Mkm reiterated a "buy" rating and issued a $175.00 price target on shares of Vicor in a research note on Thursday, January 22nd. Weiss Ratings reissued a "hold (c)" rating on shares of Vicor in a research report on Wednesday, January 21st. Finally, Wall Street Zen cut Vicor from a "strong-buy" rating to a "buy" rating in a report on Sunday, November 23rd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $118.33.
Check Out Our Latest Research Report on VICR
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.
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