Insider Selling: Vicor (NASDAQ:VICR) VP Sells 5,419 Shares of Stock

Vicor Corporation (NASDAQ:VICR) VP Philip Davies sold 5,419 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $189.67, for a total transaction of $1,027,821.73. Following the sale, the vice president owned 1,920 shares of the company’s stock, valued at approximately $364,166.40. The trade was a 73.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Vicor Trading Up 4.5%

Shares of NASDAQ:VICR traded up $7.36 during mid-day trading on Monday, reaching $170.03. The company had a trading volume of 967,985 shares, compared to its average volume of 733,891. Vicor Corporation has a one year low of $38.92 and a one year high of $209.53. The company’s 50-day moving average price is $157.70 and its 200-day moving average price is $103.33. The firm has a market cap of $7.59 billion, a price-to-earnings ratio of 65.15 and a beta of 1.83.

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

Institutional Investors Weigh In On Vicor

Hedge funds and other institutional investors have recently modified their holdings of the stock. Federated Hermes Inc. bought a new position in shares of Vicor in the fourth quarter valued at approximately $27,000. Nisa Investment Advisors LLC lifted its stake in Vicor by 53.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker’s stock worth $30,000 after purchasing an additional 210 shares in the last quarter. Harbour Investments Inc. bought a new position in Vicor in the 4th quarter valued at $32,000. Allworth Financial LP grew its position in shares of Vicor by 960.0% during the 4th quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock valued at $35,000 after purchasing an additional 288 shares in the last quarter. Finally, NBC Securities Inc. bought a new position in shares of Vicor in the fourth quarter worth $36,000. 47.45% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Roth Mkm restated a “buy” rating and issued a $175.00 price objective on shares of Vicor in a research note on Thursday, January 22nd. Wall Street Zen lowered shares of Vicor from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Vicor in a research report on Wednesday, January 21st. Finally, Zacks Research upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Vicor has an average rating of “Buy” and an average price target 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.