Key Points
- Vicor VP Philip Davies sold 3,073 shares for about $563,158 at an average price of $183.26, reducing his stake by 61.55% to 1,920 shares.
- Vicor’s latest quarter beat expectations: EPS was $1.33 versus $1.32 forecast, revenue was $197.1 million versus $187.0 million expected, and revenue rose 78.5% year over year.
- Analyst sentiment was broadly positive, with an average “Buy” rating and an average price target of $386.67; shares opened at $179.01 in the report.
Vicor Corporation (NASDAQ:VICR - Get Free Report) VP Philip Davies sold 3,073 shares of the company's stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $183.26, for a total value of $563,157.98. Following the completion of the transaction, the vice president owned 1,920 shares of the company's stock, valued at $351,859.20. The trade was a 61.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Vicor Trading Up 2.3%
NASDAQ VICR opened at $179.01 on Wednesday. The business's 50-day moving average price is $223.90 and its 200 day moving average price is $226.54. Vicor Corporation has a twelve month low of $80.29 and a twelve month high of $382.65. The company has a market capitalization of $8.26 billion, a PE ratio of 45.80 and a beta of 2.45.
Vicor (NASDAQ:VICR - Get Free Report) last issued its quarterly earnings results on Tuesday, October 20th. The electronics maker reported $1.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.32 by $0.01. The firm had revenue of $197.11 million for the quarter, compared to analyst estimates of $187.03 million. Vicor had a return on equity of 22.49% and a net margin of 32.15%. The firm's quarterly revenue was up 78.5% on a year-over-year basis. During the same period last year, the company earned $0.63 EPS. Equities analysts predict that Vicor Corporation will post 3.94 EPS for the current year.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on VICR. Needham & Company LLC reissued a "buy" rating and issued a $350.00 target price on shares of Vicor in a research report on Tuesday, October 20th. Zacks Research raised shares of Vicor from a "hold" rating to a "strong-buy" rating in a research report on Thursday, October 1st. Roth Capital set a $360.00 price target on shares of Vicor in a research report on Wednesday, October 21st. Wall Street Zen downgraded shares of Vicor from a "buy" rating to a "hold" rating in a research note on Saturday, October 24th. Finally, Weiss Ratings upgraded shares of Vicor from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, October 27th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $386.67.
Get Our Latest Research Report on Vicor
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pictet Asset Management Holding SA increased its stake in Vicor by 2.5% during the third quarter. Pictet Asset Management Holding SA now owns 3,693 shares of the electronics maker's stock worth $1,067,000 after acquiring an additional 89 shares during the last quarter. Verus Capital Partners LLC purchased a new position in shares of Vicor in the 3rd quarter worth about $1,153,000. Parallel Advisors LLC raised its holdings in shares of Vicor by 26.1% in the 3rd quarter. Parallel Advisors LLC now owns 667 shares of the electronics maker's stock worth $193,000 after purchasing an additional 138 shares during the period. Alps Advisors Inc. lifted its stake in shares of Vicor by 68.3% in the 3rd quarter. Alps Advisors Inc. now owns 9,577 shares of the electronics maker's stock valued at $2,767,000 after purchasing an additional 3,888 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its stake in shares of Vicor by 15,323.1% in the 3rd quarter. International Assets Investment Management LLC now owns 2,005 shares of the electronics maker's stock valued at $619,000 after purchasing an additional 1,992 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 (NASDAQ: VICR) designs, develops, manufactures and markets modular power components and systems. The company's products convert, regulate and distribute electrical power for electronic equipment, with an emphasis on high-performance, compact and efficient power solutions.
Its portfolio includes AC-to-DC and DC-to-DC converters, regulators, power modules, power distribution components and complete power systems. Vicor's technologies include its Factorized Power Architecture and high-density ChiP packaging, which are designed to help engineers manage power more efficiently while reducing the size and complexity of electronic systems.
Vicor serves customers in industries such as data centers and computing, telecommunications, automotive, aerospace and defense, industrial equipment, and consumer electronics.
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