Key Points
- Vicor VP Robert Gendron sold 4,571 shares on May 26 at an average price of $330, totaling about $1.51 million. After the sale, he held 577 shares, a drop of nearly 89% in his position.
- Vicor shares rose 3.9% and opened at $345.84, near the stock’s 52-week high of $361.89. The company now has a market cap of $15.76 billion and a high valuation with a P/E ratio of 115.67.
- Recent earnings were solid: Vicor reported Q1 EPS of $0.44, beating estimates, on revenue of $112.97 million, up 20.2% year over year. Analysts currently rate the stock a consensus Buy, with a consensus price target of $228.33.
Vicor Corporation (NASDAQ:VICR - Get Free Report) VP Robert Gendron sold 4,571 shares of Vicor stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $330.00, for a total transaction of $1,508,430.00. Following the completion of the sale, the vice president directly owned 577 shares of the company's stock, valued at approximately $190,410. This trade represents a 88.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Vicor Stock Up 3.9%
Vicor stock opened at $345.84 on Thursday. The business has a 50-day simple moving average of $226.39 and a two-hundred day simple moving average of $166.66. The company has a market cap of $15.76 billion, a P/E ratio of 115.67 and a beta of 2.33. Vicor Corporation has a 52-week low of $41.74 and a 52-week high of $361.89.
Vicor (NASDAQ:VICR - Get Free Report) last released its quarterly earnings results 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 the consensus estimate of $109.05 million. Vicor had a return on equity of 20.21% and a net margin of 28.98%.The business's quarterly revenue was up 20.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.06 EPS. Research analysts anticipate that Vicor Corporation will post 2.71 EPS for the current fiscal year.
Hedge Funds Weigh In On Vicor
A number of hedge funds and other institutional investors have recently made changes to their positions in VICR. The Manufacturers Life Insurance Company boosted its position 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 valued at $47,368,000 after purchasing an additional 421,435 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Vicor by 1,542.2% during 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 purchasing an additional 413,038 shares in the last quarter. Millennium Management LLC increased its stake in Vicor by 4,634.5% during the 1st quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker's stock valued at $12,379,000 after purchasing an additional 259,022 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Vicor by 1,921.4% in the third quarter. Arrowstreet Capital Limited Partnership now owns 267,882 shares of the electronics maker's stock worth $13,319,000 after purchasing an additional 254,630 shares during the last quarter. Finally, CIBC Bancorp USA Inc. purchased a new position in shares of Vicor in the third quarter worth about $12,625,000. Institutional investors own 47.45% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on VICR. Wall Street Zen cut Vicor from a "buy" rating to a "hold" rating in a research report on Saturday, April 25th. Zacks Research raised Vicor from a "hold" rating to a "strong-buy" rating in a report on Monday, February 23rd. Roth Mkm restated a "buy" rating and set a $245.00 price target on shares of Vicor in a report on Monday, April 20th. Finally, Needham & Company LLC increased their price target on Vicor from $260.00 to $350.00 and gave the company a "buy" rating in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Vicor currently has an average rating of "Buy" and a consensus price target of $228.33.
Check Out Our Latest Research Report 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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