Key Points
- Vicor director Zmira Lavie sold 908 shares at an average price of $250, generating $227,000 and reducing her direct holdings by 50% to 908 shares.
- Vicor shares were down 10.3%, opening at $217.35, while the company carried a $10.02 billion market capitalization and a price-to-earnings ratio of 69.66.
- The company exceeded quarterly expectations, reporting $1.04 EPS versus the $0.65 consensus and $143.35 million in revenue, up 49.3% year over year. Analysts maintain a “Moderate Buy” consensus with a $381.67 price target.
Vicor Corporation (NASDAQ:VICR - Get Free Report) Director Zmira Lavie sold 908 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $250.00, for a total value of $227,000.00. Following the transaction, the director directly owned 908 shares in the company, valued at approximately $227,000. The trade was a 50.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Vicor Stock Down 10.3%
Shares of VICR stock opened at $217.35 on Thursday. The firm has a 50 day moving average of $263.96 and a two-hundred day moving average of $233.19. The stock has a market capitalization of $10.02 billion, a PE ratio of 69.66 and a beta of 2.37. Vicor Corporation has a 52 week low of $45.44 and a 52 week high of $382.65.
Vicor (NASDAQ:VICR - Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.39. The business had revenue of $143.35 million for the quarter, compared to analysts' expectations of $138.37 million. Vicor had a return on equity of 19.83% and a net margin of 30.65%.The company's revenue for the quarter was up 49.3% compared to the same quarter last year. During the same period last year, the firm earned $0.91 earnings per share. Analysts expect that Vicor Corporation will post 3.12 EPS for the current fiscal year.
Analyst Ratings Changes
Several research analysts have commented on the stock. Weiss Ratings upgraded shares of Vicor from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, August 6th. Craig Hallum upped their price objective on Vicor to $450.00 and gave the stock a "buy" rating in a research report on Monday, June 22nd. Roth Capital increased their price objective on Vicor from $285.00 to $375.00 and gave the company a "buy" rating in a report on Monday, June 22nd. Needham & Company LLC cut their target price on Vicor from $400.00 to $320.00 and set a "buy" rating on the stock in a research report on Tuesday, July 21st. Finally, Zacks Research cut Vicor from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 2nd. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Vicor has a consensus rating of "Moderate Buy" and a consensus price target of $381.67.
View Our Latest Report on Vicor
Institutional Investors Weigh In On Vicor
Institutional investors and hedge funds have recently bought and sold shares of the stock. Carolina Wealth Advisors LLC boosted its stake in Vicor by 70.9% in the second quarter. Carolina Wealth Advisors LLC now owns 147 shares of the electronics maker's stock valued at $56,000 after acquiring an additional 61 shares in the last quarter. Elevation Wealth Partners LLC purchased a new stake in shares of Vicor in the 2nd quarter valued at about $76,000. Federated Hermes Inc. purchased a new stake in shares of Vicor in the 4th quarter valued at about $27,000. Blue Trust Inc. boosted its position in shares of Vicor by 1,814.3% in the 1st quarter. Blue Trust Inc. now owns 268 shares of the electronics maker's stock valued at $43,000 after purchasing an additional 254 shares during the period. Finally, ROSS JOHNSON & Associates LLC boosted its position in shares of Vicor by 13,750.0% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 277 shares of the electronics maker's stock valued at $45,000 after purchasing an additional 275 shares during the period. 47.45% of the stock is owned by hedge funds and other institutional investors.
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
