Key Points
- Vicor director Andrew D’Amico sold 1,200 shares on May 13 at an average price of $312.31, totaling $374,772. After the sale, he still held 1,200 shares, cutting his ownership by 50%.
- The director has been actively selling stock recently, including 565 shares on May 12, 7,512 shares on May 4, and 800 shares on April 27, suggesting a steady pattern of insider selling.
- Vicor reported strong quarterly results, with EPS of $0.44 beating estimates and revenue rising 20.2% year over year to $112.97 million. The stock has also been volatile, trading near its 52-week high of $316.82 and down 6.1% in the latest session.
Vicor Corporation (NASDAQ:VICR - Get Free Report) Director Andrew D'amico sold 1,200 shares of Vicor stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $312.31, for a total value of $374,772.00. Following the completion of the transaction, the director directly owned 1,200 shares of the company's stock, valued at approximately $374,772. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Andrew D'amico also recently made the following trade(s):
- On Tuesday, May 12th, Andrew D'amico sold 565 shares of Vicor stock. The stock was sold at an average price of $303.03, for a total transaction of $171,211.95.
- 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 transaction 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 transaction of $221,600.00.
Vicor Stock Down 6.1%
Shares of VICR opened at $290.54 on Friday. The company has a market cap of $13.24 billion, a P/E ratio of 97.17 and a beta of 2.33. Vicor Corporation has a fifty-two week low of $40.54 and a fifty-two week high of $316.82. The firm's 50 day moving average price is $208.09 and its 200 day moving average price is $154.73.
Vicor (NASDAQ:VICR - Get Free Report) last issued its quarterly earnings results on Tuesday, April 21st. The electronics maker reported $0.44 EPS for the quarter, beating the consensus estimate of $0.40 by $0.04. The company had revenue of $112.97 million during 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 firm's revenue was up 20.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.06 EPS. Research analysts forecast that Vicor Corporation will post 2.71 earnings per share for the current year.
Hedge Funds Weigh In On Vicor
Several hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company raised its holdings in Vicor by 3,918.9% during the fourth quarter. The Manufacturers Life Insurance Company now owns 432,189 shares of the electronics maker's stock worth $47,368,000 after purchasing an additional 421,435 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of 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 in the last quarter. Millennium Management LLC boosted its holdings in shares of 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 in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of 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 last quarter. Finally, CIBC Bancorp USA Inc. purchased a new position in shares of Vicor in the 3rd quarter valued at $12,625,000. 47.45% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on VICR shares. Wall Street Zen cut Vicor from a "buy" rating to a "hold" rating in a research note on Saturday, April 25th. Zacks Research raised Vicor from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 23rd. Weiss Ratings reiterated a "hold (c)" rating on shares of Vicor in a research note on Wednesday, January 21st. Needham & Company LLC boosted their price objective on Vicor from $180.00 to $260.00 and gave the stock a "buy" rating in a research report on Tuesday, April 21st. Finally, Roth Mkm reiterated a "buy" rating and issued a $245.00 price target on shares of Vicor in a research note on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, three have given 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 a consensus price target of $198.33.
Check Out Our Latest Report on Vicor
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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