Key Points
- Vicor CFO James Schmidt sold 5,000 shares on June 1 at an average price of $321.83, for total proceeds of about $1.61 million. The transaction was made under a pre-arranged Rule 10b5-1 plan.
- After the sale, Schmidt’s direct holdings fell to 5,000 shares, representing a 50% reduction in his position.
- Vicor recently beat quarterly expectations, reporting $0.44 EPS versus the $0.40 consensus and revenue of $112.97 million, while analysts currently maintain an average Buy rating with a $228.33 price target.
Vicor Corporation (NASDAQ:VICR - Get Free Report) VP Philip Davies sold 3,072 shares of the company's stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $321.69, for a total transaction of $988,231.68. Following the completion of the sale, the vice president owned 1,920 shares in the company, valued at approximately $617,644.80. This trade represents a 61.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Vicor Stock Performance
Shares of VICR opened at $332.95 on Wednesday. The stock has a market cap of $15.18 billion, a PE ratio of 111.35 and a beta of 2.36. Vicor Corporation has a fifty-two week low of $41.76 and a fifty-two week high of $361.89. The firm's 50-day simple moving average is $234.94 and its two-hundred day simple moving average is $171.83.
Vicor (NASDAQ:VICR - Get Free Report) last announced its quarterly earnings data on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.40 by $0.04. The business 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 business's revenue was up 20.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.06 earnings per share. Equities research analysts predict that Vicor Corporation will post 2.71 EPS for the current year.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on VICR shares. Roth Mkm reiterated a "buy" rating and set a $245.00 price target on shares of Vicor in a report on Monday, April 20th. Zacks Research upgraded shares of Vicor from a "hold" rating to a "strong-buy" rating in a report on Monday, February 23rd. Wall Street Zen cut shares of Vicor from a "buy" rating to a "hold" rating in a report on Saturday, April 25th. Finally, Needham & Company LLC increased their price target on shares of Vicor from $260.00 to $350.00 and gave the company a "buy" rating in a report on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Vicor has an average rating of "Buy" and an average target price of $228.33.
View Our Latest Stock Report on VICR
Institutional Investors Weigh In On Vicor
A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Vicor by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 2,534,534 shares of the electronics maker's stock valued at $277,785,000 after buying an additional 60,963 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Vicor by 39.6% during the first quarter. The Manufacturers Life Insurance Company now owns 603,364 shares of the electronics maker's stock valued at $97,142,000 after buying an additional 171,175 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Vicor by 4.6% during the third quarter. Dimensional Fund Advisors LP now owns 578,515 shares of the electronics maker's stock valued at $28,759,000 after purchasing an additional 25,393 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in Vicor by 43.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 536,274 shares of the electronics maker's stock valued at $86,340,000 after purchasing an additional 162,186 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its position in Vicor by 1,542.2% during the fourth 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 during the period. Hedge funds and other institutional investors own 47.45% of the company's stock.
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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