Key Points
- Director Estia Eichten sold 2,000 shares on March 13 at an average price of $174 for $348,000, reducing their stake by 1.05% to 188,838 shares valued at about $32.86 million; the transaction was disclosed in an SEC filing.
- Major quarterly beat: Vicor reported $1.01 EPS versus a $0.38 consensus and revenue of $362.7 million (vs. $107.78 million est.), with a 26.19% net margin and 18.73% return on equity.
- Market and analyst backdrop: VICR opened at $185.42 (stock up 7.4%), has a $8.28 billion market cap, and carries an average analyst rating of "Buy" with a consensus price target of $118.33.
Vicor Corporation (NASDAQ:VICR - Get Free Report) Director Estia Eichten sold 2,000 shares of the firm's stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $174.00, for a total value of $348,000.00. Following the completion of the transaction, the director directly owned 188,838 shares in the company, valued at $32,857,812. This trade represents a 1.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Vicor Stock Up 7.4%
VICR stock opened at $185.42 on Tuesday. The business's 50-day moving average price is $164.80 and its 200-day moving average price is $108.59. The stock has a market cap of $8.28 billion, a P/E ratio of 71.04 and a beta of 1.83. Vicor Corporation has a twelve month low of $38.92 and a twelve month high of $209.53.
Vicor (NASDAQ:VICR - Get Free Report) last released its earnings results on Thursday, February 19th. The electronics maker reported $1.01 earnings per share (EPS) 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 company had revenue of $362.70 million during the quarter, compared to analyst estimates of $107.78 million. During the same period in the prior year, the firm posted $0.23 EPS. The firm's quarterly revenue was up 11.5% compared to the same quarter last year.
Hedge Funds Weigh In On Vicor
Several hedge funds have recently modified their holdings of the stock. Corient Private Wealth LLC boosted its position in shares of Vicor by 3.9% during the fourth quarter. Corient Private Wealth LLC now owns 4,861 shares of the electronics maker's stock worth $533,000 after acquiring an additional 184 shares during the last quarter. Bayban bought a new stake in Vicor in the 4th quarter valued at $778,000. Pacer Advisors Inc. lifted its stake in Vicor by 240.4% in the 4th quarter. Pacer Advisors Inc. now owns 5,681 shares of the electronics maker's stock worth $623,000 after purchasing an additional 4,012 shares in the last quarter. Invesco Ltd. lifted its stake in Vicor by 125.8% in the 4th quarter. Invesco Ltd. now owns 148,659 shares of the electronics maker's stock worth $16,293,000 after purchasing an additional 82,831 shares in the last quarter. Finally, State of Tennessee Department of Treasury boosted its holdings in shares of Vicor by 10.5% during the 4th quarter. State of Tennessee Department of Treasury now owns 14,615 shares of the electronics maker's stock valued at $1,602,000 after purchasing an additional 1,388 shares during the last quarter. Hedge funds and other institutional investors own 47.45% of the company's stock.
Wall Street Analyst Weigh In
VICR has been the topic of several recent analyst reports. Weiss Ratings restated a "hold (c)" rating on shares of Vicor in a research report on Wednesday, January 21st. Roth Mkm reaffirmed a "buy" rating and issued a $175.00 target price on shares of Vicor in a report on Thursday, January 22nd. Wall Street Zen cut Vicor from a "strong-buy" rating to a "buy" rating in a report on Sunday, November 23rd. Finally, Zacks Research upgraded Vicor from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 23rd. One equities 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 company. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $118.33.
View 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.
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