Key Points
- VP Philip Davies sold 3,073 Vicor shares on May 1 at an average price of $269.07 for about $826,852, cutting his holding by 61.55% to 1,920 shares; the sale was executed under a pre-arranged Rule 10b5-1 plan and disclosed to the SEC.
- Vicor beat quarterly estimates with $0.44 EPS (vs. $0.40 est.) and $112.97M revenue (up 20.2% YoY); the stock trades near its 52-week high, has a market cap around $11.4B, and maintains a consensus analyst rating of Buy (average target ~$198).
Vicor Corporation (NASDAQ:VICR - Get Free Report) VP Philip Davies sold 3,073 shares of Vicor stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $269.07, for a total value of $826,852.11. Following the completion of the transaction, the vice president owned 1,920 shares of the company's stock, valued at approximately $516,614.40. This trade represents a 61.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Vicor Stock Performance
NASDAQ VICR opened at $251.02 on Tuesday. The business's 50 day moving average price is $193.65 and its 200-day moving average price is $142.75. Vicor Corporation has a fifty-two week low of $39.64 and a fifty-two week high of $293.95. The company has a market cap of $11.39 billion, a P/E ratio of 83.95 and a beta of 2.33.
Vicor (NASDAQ:VICR - Get Free Report) last issued its quarterly earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.04. Vicor had a return on equity of 20.21% and a net margin of 28.98%.The company had revenue of $112.97 million during the quarter, compared to the consensus estimate of $109.05 million. During the same period last year, the company earned $0.06 earnings per share. Vicor's revenue was up 20.2% on a year-over-year basis. As a group, equities analysts predict that Vicor Corporation will post 2.71 EPS for the current year.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in VICR. Hillsdale Investment Management Inc. purchased a new position in Vicor in the 1st quarter worth about $314,000. State of Michigan Retirement System purchased a new stake in Vicor in the 1st quarter valued at about $886,000. Principal Financial Group Inc. grew its stake in Vicor by 1.4% in the 1st quarter. Principal Financial Group Inc. now owns 110,229 shares of the electronics maker's stock worth $17,747,000 after acquiring an additional 1,568 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its position in shares of Vicor by 24.8% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 7,131 shares of the electronics maker's stock worth $1,148,000 after acquiring an additional 1,418 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Vicor by 1.2% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,692 shares of the electronics maker's stock worth $916,000 after acquiring an additional 68 shares during the period. 47.45% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on VICR shares. Needham & Company LLC lifted their price target on shares of Vicor from $180.00 to $260.00 and gave the stock a "buy" rating in a research note on Tuesday, April 21st. Weiss Ratings reissued a "hold (c)" rating on shares of Vicor in a research note on Wednesday, January 21st. Wall Street Zen cut Vicor from a "buy" rating to a "hold" rating in a research note on Saturday, April 25th. Zacks Research upgraded Vicor from a "hold" rating to a "strong-buy" rating in a report on Monday, February 23rd. Finally, Roth Mkm reissued a "buy" rating and set a $245.00 price target on shares of Vicor in a research note on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $198.33.
Get Our Latest Stock Analysis 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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