Key Points
- Vicor CAO Quentin Fendelet sold 5,060 shares on May 6 for about $1.40 million at an average price of $277.07. After the sale, he still held 2,434 shares, and the transaction reduced his position by 67.52%.
- Vicor’s latest earnings topped expectations, with quarterly EPS of $0.44 versus the $0.40 consensus and revenue of $112.97 million, up 20.2% year over year. The company also reported strong profitability, including a 28.98% net margin and 20.21% return on equity.
- Analyst sentiment remains mostly positive, with several firms raising targets or ratings and the stock carrying an average “Buy” rating. However, the shares have already run up sharply, trading near their 52-week high of $293.95 after opening at $256.47.
Vicor Corporation (NASDAQ:VICR - Get Free Report) CAO Quentin Fendelet sold 5,060 shares of the business's stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $277.07, for a total transaction of $1,401,974.20. Following the transaction, the chief accounting officer directly owned 2,434 shares in the company, valued at approximately $674,388.38. The trade was a 67.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Vicor Trading Down 1.9%
Shares of VICR stock opened at $256.47 on Friday. The company's 50-day moving average price is $199.16 and its 200-day moving average price is $147.20. The stock has a market cap of $11.64 billion, a price-to-earnings ratio of 85.78 and a beta of 2.33. Vicor Corporation has a twelve month low of $40.54 and a twelve month high of $293.95.
Vicor (NASDAQ:VICR - Get Free Report) last announced its quarterly earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.04. The firm had revenue of $112.97 million for the quarter, compared to analysts' expectations of $109.05 million. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The company's revenue was up 20.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 EPS. As a group, equities research analysts predict that Vicor Corporation will post 2.71 EPS for the current year.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on VICR. Needham & Company LLC boosted their price target 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 report on Monday, February 23rd. Roth Mkm reissued a "buy" rating and set a $245.00 price target on shares of Vicor in a research report on Monday, April 20th. Wall Street Zen cut shares of Vicor from a "buy" rating to a "hold" rating in a research report on Saturday, April 25th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Vicor in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $198.33.
Read Our Latest Report on Vicor
Institutional Trading of Vicor
Several institutional investors and hedge funds have recently bought and sold shares of VICR. The Manufacturers Life Insurance Company raised its holdings in Vicor by 3,918.9% in the 4th quarter. The Manufacturers Life Insurance Company now owns 432,189 shares of the electronics maker's stock valued at $47,368,000 after buying an additional 421,435 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Vicor by 1,542.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 439,820 shares of the electronics maker's stock valued at $48,205,000 after buying an additional 413,038 shares during the period. Millennium Management LLC raised its holdings in Vicor by 4,634.5% in the 1st quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker's stock valued at $12,379,000 after buying an additional 259,022 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in Vicor by 1,921.4% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 267,882 shares of the electronics maker's stock valued at $13,319,000 after buying an additional 254,630 shares during the period. Finally, CIBC Bancorp USA Inc. purchased a new stake in Vicor in the 3rd quarter valued at about $12,625,000. 47.45% of the stock is currently owned by hedge funds and other institutional investors.
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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