Key Points
- Vicor VP Alvaro Doyle sold 4,041 shares on May 12 at an average price of $286.91, worth about $1.16 million. After the sale, his direct ownership fell to just 42 shares, a 98.97% decrease.
- This was not an isolated insider sale: Doyle also sold 8,000 shares in April and 7,913 shares in February, adding to recent concerns about insider profit-taking at Vicor.
- The stock has been surging, opening at $309.27 after a 5.7% gain and nearing its 52-week high of $315.00. Vicor also posted strong quarterly results, beating earnings and revenue estimates and raising analyst optimism, though some target prices remain below the current share price.
Vicor Corporation (NASDAQ:VICR - Get Free Report) Director Andrew D'amico sold 565 shares of the firm's stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $303.03, for a total value of $171,211.95. Following the transaction, the director directly owned 565 shares of the company's stock, valued at approximately $171,211.95. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Andrew D'amico also recently made the following trade(s):
- On Monday, May 4th, Andrew D'amico sold 7,512 shares of Vicor stock. The shares were sold at an average price of $252.89, for a total value of $1,899,709.68.
- On Monday, April 27th, Andrew D'amico sold 800 shares of Vicor stock. The shares were sold at an average price of $277.00, for a total value of $221,600.00.
Vicor Stock Up 5.7%
VICR stock opened at $309.27 on Thursday. Vicor Corporation has a twelve month low of $40.54 and a twelve month high of $315.00. The firm has a market cap of $14.10 billion, a PE ratio of 103.43 and a beta of 2.33. The business has a 50 day moving average of $206.32 and a 200 day moving average of $153.32.
Vicor (NASDAQ:VICR - Get Free Report) last posted its quarterly earnings data on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share for the quarter, beating 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 analyst estimates of $109.05 million. During the same quarter last year, the company earned $0.06 EPS. The firm's revenue for the quarter was up 20.2% on a year-over-year basis. On average, research analysts expect that Vicor Corporation will post 2.71 earnings per share for the current fiscal year.
Institutional Trading of Vicor
Several large investors have recently modified their holdings of VICR. Federated Hermes Inc. bought a new stake in shares of Vicor in the fourth quarter worth $27,000. Nisa Investment Advisors LLC grew its holdings in shares of Vicor by 53.4% in the third quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker's stock worth $30,000 after acquiring an additional 210 shares during the period. Harbour Investments Inc. bought a new stake in shares of Vicor in the fourth quarter worth $32,000. Allworth Financial LP grew its holdings in shares of Vicor by 960.0% in the fourth quarter. Allworth Financial LP now owns 318 shares of the electronics maker's stock worth $35,000 after acquiring an additional 288 shares during the period. Finally, NBC Securities Inc. bought a new stake in shares of Vicor in the fourth quarter worth $36,000. Institutional investors own 47.45% of the company's stock.
Analysts Set New Price Targets
A number of research analysts recently weighed in on VICR shares. Roth Mkm reaffirmed a "buy" rating and set a $245.00 price objective on shares of Vicor in a research report on Monday, April 20th. Wall Street Zen lowered Vicor from a "buy" rating to a "hold" rating in a report on Saturday, April 25th. Weiss Ratings reissued a "hold (c)" rating on shares of Vicor in a report on Wednesday, January 21st. Zacks Research raised Vicor from a "hold" rating to a "strong-buy" rating in a report on Monday, February 23rd. Finally, Needham & Company LLC lifted their target price on Vicor from $180.00 to $260.00 and gave the stock a "buy" rating in a report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Vicor currently has an average rating of "Buy" and a consensus target price of $198.33.
Read Our Latest Analysis 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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