Key Points
- Vicor VP Sean Crilly sold 2,500 shares on June 5 at an average price of $282.52, generating about $706,300. After the sale, he still owned 7,229 shares, a 25.7% reduction in his holdings.
- The company recently posted strong quarterly results, reporting EPS of $0.44 versus the $0.40 consensus estimate and revenue of $112.97 million, up 20.2% year over year.
- Analyst sentiment remains generally positive, with a consensus rating of “Buy” and a consensus target price of $228.33, though opinions vary from Strong Buy to Hold.
Vicor Corporation (NASDAQ:VICR - Get Free Report) VP Sean Crilly sold 2,500 shares of the firm's stock in a transaction on Friday, June 5th. The stock was sold at an average price of $282.52, for a total value of $706,300.00. Following the completion of the transaction, the vice president directly owned 7,229 shares in the company, valued at approximately $2,042,337.08. This represents a 25.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Vicor Stock Performance
Shares of Vicor stock opened at $274.97 on Tuesday. Vicor Corporation has a one year low of $41.76 and a one year high of $361.89. The stock's fifty day moving average is $248.01 and its 200 day moving average is $179.38. The stock has a market cap of $12.53 billion, a P/E ratio of 91.96 and a beta of 2.36.
Vicor (NASDAQ:VICR - Get Free Report) last announced its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 EPS for the quarter, topping 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 for the quarter, compared to analysts' expectations of $109.05 million. During the same period last year, the firm earned $0.06 EPS. Vicor's revenue for the quarter was up 20.2% compared to the same quarter last year. Analysts predict that Vicor Corporation will post 2.71 EPS for the current year.
Analyst Ratings Changes
A number of research analysts have recently commented on the company. Zacks Research raised Vicor from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 23rd. Needham & Company LLC upped their target price on Vicor from $260.00 to $350.00 and gave the company a "buy" rating in a research note on Tuesday, May 26th. Roth Mkm reaffirmed a "buy" rating and set a $245.00 target price on shares of Vicor in a research note on Monday, April 20th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Vicor in a research note on Monday, June 1st. Finally, Wall Street Zen lowered shares of Vicor from a "buy" rating to a "hold" rating in a research report on Saturday, April 25th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $228.33.
Get Our Latest Analysis on VICR
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. Parallel Advisors LLC increased its stake in shares of Vicor by 167.8% during the first quarter. Parallel Advisors LLC now owns 490 shares of the electronics maker's stock worth $79,000 after purchasing an additional 307 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of Vicor by 1,493.1% during the first quarter. NewEdge Advisors LLC now owns 2,071 shares of the electronics maker's stock worth $333,000 after purchasing an additional 1,941 shares in the last quarter. Axiom Investment Management LLC purchased a new stake in shares of Vicor during the first quarter worth about $209,000. Vestor Capital LLC purchased a new stake in shares of Vicor during the first quarter worth about $7,110,000. Finally, Bank of America Corp DE increased its stake in shares of Vicor by 44.4% during the first quarter. Bank of America Corp DE now owns 102,107 shares of the electronics maker's stock worth $16,439,000 after purchasing an additional 31,399 shares in the last quarter. Institutional investors and hedge funds 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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