Key Points
- Vicor VP Nancy Grava sold 5,412 shares on May 5 at an average price of $265 for about $1.43 million, leaving her with 508 shares — a 91.42% reduction in her ownership — according to an SEC filing.
- Quarterly results: Vicor beat estimates with $0.44 EPS versus $0.40 expected and revenue of $112.97M (up 20.2% year-over-year), reporting a net margin of 28.98%.
- Market sentiment and ownership: The stock has a consensus "Buy" rating with a $198.33 price target, institutions own about 47.45% of the shares, and the stock recently traded near $261 and was down 6.8%.
Vicor Corporation (NASDAQ:VICR - Get Free Report) VP Nancy Grava sold 5,412 shares of the company's stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $265.00, for a total value of $1,434,180.00. Following the transaction, the vice president directly owned 508 shares of the company's stock, valued at $134,620. This trade represents a 91.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Vicor Trading Down 6.8%
Shares of Vicor stock opened at $261.34 on Friday. The stock has a market capitalization of $11.86 billion, a price-to-earnings ratio of 87.40 and a beta of 2.33. Vicor Corporation has a twelve month low of $40.54 and a twelve month high of $293.95. The business's 50 day simple moving average is $199.16 and its 200-day simple moving average is $147.20.
Vicor (NASDAQ:VICR - Get Free Report) last released its quarterly earnings data on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.04. The business had revenue of $112.97 million during the quarter, compared to analyst estimates of $109.05 million. Vicor had a return on equity of 20.21% and a net margin of 28.98%.The business's revenue for the quarter was up 20.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.06 EPS. Sell-side analysts predict that Vicor Corporation will post 2.71 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on VICR. Weiss Ratings reissued a "hold (c)" rating on shares of Vicor in a report on Wednesday, January 21st. Needham & Company LLC lifted their price objective on shares of Vicor from $180.00 to $260.00 and gave the company a "buy" rating in a research report on Tuesday, April 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 cut shares of Vicor from a "buy" rating to a "hold" rating in a research report on Saturday, April 25th. Finally, Roth Mkm restated a "buy" rating and issued a $245.00 price target on shares of Vicor in a research note on Monday, April 20th. One 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 stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $198.33.
View Our Latest Research Report on Vicor
Institutional Trading of Vicor
A number of hedge funds and other institutional investors have recently modified their holdings of VICR. Royal Bank of Canada lifted its holdings in Vicor by 6.0% in the 1st quarter. Royal Bank of Canada now owns 15,167 shares of the electronics maker's stock valued at $709,000 after acquiring an additional 857 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Vicor by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,537 shares of the electronics maker's stock valued at $633,000 after purchasing an additional 563 shares during the last quarter. Millennium Management LLC boosted its holdings in Vicor by 4,634.5% during the first quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker's stock worth $12,379,000 after buying an additional 259,022 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Vicor by 38.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 41,541 shares of the electronics maker's stock worth $1,943,000 after buying an additional 11,525 shares during the last quarter. Finally, Acadian Asset Management LLC grew its position in Vicor by 56.1% in the first quarter. Acadian Asset Management LLC now owns 8,860 shares of the electronics maker's stock worth $413,000 after buying an additional 3,184 shares during the last quarter. Institutional investors own 47.45% of the company's stock.
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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