Key Points
- Vicor VP Claudio Tuozzolo sold 3,000 shares on May 26 at an average price of $328.41, totaling about $985,230. After the sale, he still held 13,240 shares, an 18.47% reduction in his ownership.
- Tuozzolo also sold 11,035 shares in April at an average price of $270.50, for roughly $2.98 million, showing a pattern of recent insider selling.
- Vicor reported better-than-expected quarterly results, with EPS of $0.44 versus $0.40 expected and revenue of $112.97 million, up 20.2% year over year. Analysts currently rate the stock a consensus Buy.
Vicor Corporation (NASDAQ:VICR - Get Free Report) VP Nancy Grava sold 323 shares of Vicor stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $355.00, for a total transaction of $114,665.00. Following the completion of the sale, the vice president owned 323 shares of the company's stock, valued at approximately $114,665. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Vicor Trading Down 1.1%
NASDAQ VICR opened at $342.09 on Friday. Vicor Corporation has a 1-year low of $41.76 and a 1-year high of $361.89. The company has a 50 day moving average of $229.31 and a 200-day moving average of $168.46. The company has a market cap of $15.59 billion, a price-to-earnings ratio of 114.41 and a beta of 2.33.
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 for the quarter, beating analysts' consensus estimates of $0.40 by $0.04. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The company had revenue of $112.97 million during the quarter, compared to the consensus estimate of $109.05 million. During the same period in the previous year, the business earned $0.06 earnings per share. The firm's quarterly revenue was up 20.2% on a year-over-year basis. On average, equities 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 and other institutional investors have recently modified their holdings of the business. Axiom Investment Management LLC bought a new position in shares of Vicor in the 1st quarter valued at $209,000. Vestor Capital LLC bought a new position in shares of Vicor in the 1st quarter valued at $7,110,000. Bank of America Corp DE increased its stake in shares of Vicor by 44.4% in the 1st quarter. Bank of America Corp DE now owns 102,107 shares of the electronics maker's stock valued at $16,439,000 after purchasing an additional 31,399 shares during the last quarter. Amundi increased its stake in shares of Vicor by 43.7% in the 1st quarter. Amundi now owns 2,726 shares of the electronics maker's stock valued at $439,000 after purchasing an additional 829 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Vicor by 28.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 465 shares of the electronics maker's stock valued at $75,000 after purchasing an additional 103 shares during the last quarter. 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. Needham & Company LLC lifted their price target on shares of Vicor from $260.00 to $350.00 and gave the company a "buy" rating in a research report on Tuesday. Wall Street Zen downgraded shares of Vicor from a "buy" rating to a "hold" rating in a research report on Saturday, April 25th. Roth Mkm reiterated a "buy" rating and issued a $245.00 price target on shares of Vicor in a research report on Monday, April 20th. Finally, Zacks Research upgraded shares of Vicor from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 23rd. One equities 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $228.33.
Check Out Our Latest Research Report on VICR
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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