Vicor (NASDAQ:VICR) CAO Quentin Fendelet Sells 2,299 Shares of Stock

Vicor Corporation (NASDAQ:VICR) CAO Quentin Fendelet sold 2,299 shares of the stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $204.72, for a total transaction of $470,651.28. The transaction was disclosed in a filing with the SEC, which is available through this link.

Vicor Stock Down 3.5%

Shares of Vicor stock opened at $201.97 on Wednesday. Vicor Corporation has a 12 month low of $38.92 and a 12 month high of $209.53. The business has a fifty day simple moving average of $153.28 and a 200 day simple moving average of $100.47. The stock has a market cap of $9.02 billion, a PE ratio of 77.38 and a beta of 1.84.

Vicor (NASDAQ:VICR) last announced its quarterly earnings results on Thursday, February 19th. The electronics maker reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.63. Vicor had a net margin of 26.19% and a return on equity of 18.73%. The company had revenue of $362.70 million for the quarter, compared to analysts’ expectations of $107.78 million. During the same period last year, the firm posted $0.23 earnings per share. The business’s quarterly revenue was up 11.5% compared to the same quarter last year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in VICR. Pacer Advisors Inc. raised its stake in shares of Vicor by 240.4% during the 4th quarter. Pacer Advisors Inc. now owns 5,681 shares of the electronics maker’s stock worth $623,000 after purchasing an additional 4,012 shares in the last quarter. Invesco Ltd. grew its position in shares of Vicor by 125.8% in the 4th quarter. Invesco Ltd. now owns 148,659 shares of the electronics maker’s stock valued at $16,293,000 after acquiring an additional 82,831 shares during the period. Corient Private Wealth LLC grew its position in shares of Vicor by 3.9% in the 4th quarter. Corient Private Wealth LLC now owns 4,861 shares of the electronics maker’s stock valued at $533,000 after acquiring an additional 184 shares during the period. State of Tennessee Department of Treasury increased its stake in shares of Vicor by 10.5% during the 4th quarter. State of Tennessee Department of Treasury now owns 14,615 shares of the electronics maker’s stock worth $1,602,000 after purchasing an additional 1,388 shares during the last quarter. Finally, Empowered Funds LLC bought a new stake in shares of Vicor in the 4th quarter valued at about $81,000. Institutional investors and hedge funds own 47.45% of the company’s stock.

Analyst Upgrades and Downgrades

VICR has been the topic of several research analyst reports. Wall Street Zen downgraded shares of Vicor from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 23rd. Zacks Research upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. Roth Mkm reiterated a “buy” rating and set a $175.00 target price on shares of Vicor in a report on Thursday, January 22nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Vicor in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $118.33.

Vicor Company Profile

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.