Key Points
- Vicor VP Claudio Tuozzolo sold 730 shares on June 11 for about $213,810 at an average price of $292.89, reducing his direct ownership by 5.23% to 13,240 shares.
- The executive has been actively selling recently, including 3,000 shares on May 26 and 11,035 shares on April 24, totaling millions of dollars in prior transactions.
- Vicor shares were up 1.9% to $303.77, and the company recently beat quarterly earnings estimates with $0.44 EPS on $112.97 million in revenue, while analysts currently rate the stock a consensus Buy.
Vicor Corporation (NASDAQ:VICR - Get Free Report) VP Claudio Tuozzolo sold 730 shares of the company's stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $292.89, for a total transaction of $213,809.70. Following the sale, the vice president directly owned 13,240 shares of the company's stock, valued at approximately $3,877,863.60. This trade represents a 5.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Claudio Tuozzolo also recently made the following trade(s):
- On Tuesday, May 26th, Claudio Tuozzolo sold 3,000 shares of Vicor stock. The stock was sold at an average price of $328.41, for a total transaction of $985,230.00.
- On Friday, April 24th, Claudio Tuozzolo sold 11,035 shares of Vicor stock. The stock was sold at an average price of $270.50, for a total transaction of $2,984,967.50.
Vicor Trading Up 1.9%
Shares of Vicor stock opened at $303.77 on Friday. The company has a fifty day moving average price of $258.94 and a 200 day moving average price of $184.47. Vicor Corporation has a twelve month low of $41.76 and a twelve month high of $361.89. The stock has a market cap of $13.85 billion, a price-to-earnings ratio of 101.60 and a beta of 2.36.
Vicor (NASDAQ:VICR - Get Free Report) last announced its quarterly earnings results 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. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The firm had revenue of $112.97 million during the quarter, compared to analysts' expectations of $109.05 million. During the same period in the prior year, the company earned $0.06 EPS. The firm's revenue was up 20.2% on a year-over-year basis. Analysts forecast that Vicor Corporation will post 2.71 earnings per share for the current year.
Hedge Funds Weigh In On Vicor
A number of institutional investors and hedge funds have recently added to or reduced their stakes in VICR. Federated Hermes Inc. bought a new position in Vicor during the 4th quarter valued at $27,000. Blue Trust Inc. grew its holdings in Vicor by 1,814.3% during the 1st quarter. Blue Trust Inc. now owns 268 shares of the electronics maker's stock worth $43,000 after acquiring an additional 254 shares in the last quarter. ROSS JOHNSON & Associates LLC grew its holdings in Vicor by 13,750.0% during the 1st quarter. ROSS JOHNSON & Associates LLC now owns 277 shares of the electronics maker's stock worth $45,000 after acquiring an additional 275 shares in the last quarter. Harbour Investments Inc. acquired a new position in Vicor during the 4th quarter worth $32,000. Finally, Meeder Asset Management Inc. grew its holdings in Vicor by 189.4% during the 1st quarter. Meeder Asset Management Inc. now owns 301 shares of the electronics maker's stock worth $48,000 after acquiring an additional 197 shares in the last quarter. 47.45% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on VICR. Zacks Research raised shares of Vicor from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 23rd. Wall Street Zen cut shares of Vicor from a "buy" rating to a "hold" rating in a research report on Saturday, April 25th. Needham & Company LLC upped their price objective on shares of Vicor from $260.00 to $350.00 and gave the company a "buy" rating in a research report on Tuesday, May 26th. Roth Mkm reissued a "buy" rating and issued a $245.00 price objective on shares of Vicor in a research report on Monday, April 20th. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Vicor in a research report on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company's 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 Report on Vicor
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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