Key Points
- Vicor VP Philip Davies sold 3,072 shares for $650,311.68 at an average price of $211.69, reducing his ownership by 61.54% to 1,920 shares.
- Vicor reported quarterly EPS of $1.04, beating estimates of $0.65, while revenue rose 49.3% year over year to $143.35 million.
- Analysts maintain a “Moderate Buy” consensus rating with an average price target of $381.67, although some firms have recently downgraded the stock or lowered targets.
Vicor Corporation (NASDAQ:VICR - Get Free Report) VP Philip Davies sold 3,072 shares of the business's stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $211.69, for a total transaction of $650,311.68. Following the completion of the transaction, the vice president owned 1,920 shares of the company's stock, valued at $406,444.80. This represents a 61.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Vicor Stock Performance
NASDAQ:VICR opened at $219.08 on Thursday. Vicor Corporation has a fifty-two week low of $44.97 and a fifty-two week high of $382.65. The stock has a market capitalization of $9.99 billion, a P/E ratio of 70.22 and a beta of 2.37. The company's 50-day simple moving average is $280.36 and its 200-day simple moving average is $228.54.
Vicor (NASDAQ:VICR - Get Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.65 by $0.39. The firm had revenue of $143.35 million for the quarter, compared to the consensus estimate of $138.37 million. Vicor had a net margin of 30.65% and a return on equity of 19.83%. The company's quarterly revenue was up 49.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.91 EPS. On average, research analysts forecast that Vicor Corporation will post 3.12 EPS for the current year.
Wall Street Analyst Weigh In
Several research firms have issued reports on VICR. Needham & Company LLC cut their price target on shares of Vicor from $400.00 to $320.00 and set a "buy" rating on the stock in a report on Tuesday, July 21st. Craig Hallum increased their price objective on Vicor to $450.00 and gave the company a "buy" rating in a report on Monday, June 22nd. Zacks Research cut Vicor from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 2nd. Wall Street Zen downgraded Vicor from a "buy" rating to a "hold" rating in a research note on Saturday, April 25th. Finally, Roth Capital upped their target price on Vicor from $285.00 to $375.00 and gave the company a "buy" rating in a research report on Monday, June 22nd. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Vicor currently has a consensus rating of "Moderate Buy" and an average price target of $381.67.
Read Our Latest Analysis on VICR
Institutional Trading of Vicor
A number of hedge funds and other institutional investors have recently made changes to their positions in VICR. Federated Hermes Inc. purchased a new position in shares of Vicor during the fourth quarter worth $27,000. Harbour Investments Inc. purchased a new stake in Vicor in the fourth quarter valued at $32,000. Allworth Financial LP boosted its holdings in Vicor by 960.0% in the fourth quarter. Allworth Financial LP now owns 318 shares of the electronics maker's stock valued at $35,000 after purchasing an additional 288 shares during the last quarter. NBC Securities Inc. acquired a new stake in Vicor during the 4th quarter worth about $36,000. Finally, SBI Securities Co. Ltd. grew its position in Vicor by 32,400.0% during the 4th quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker's stock worth $36,000 after purchasing an additional 324 shares during the period. Institutional investors and hedge funds own 47.45% of the company's stock.
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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