Vicor (NASDAQ:VICR) VP Sean Crilly Sells 2,500 Shares of Stock

Vicor Corporation (NASDAQ:VICR) VP Sean Crilly sold 2,500 shares of Vicor stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $282.52, for a total value of $706,300.00. Following the sale, the vice president directly owned 7,229 shares in the company, valued at approximately $2,042,337.08. The trade was a 25.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Vicor Stock Performance

Vicor stock opened at $274.97 on Tuesday. The stock’s 50 day simple moving average is $248.01 and its two-hundred day simple moving average is $179.38. The stock has a market cap of $12.53 billion, a price-to-earnings ratio of 91.96 and a beta of 2.36. Vicor Corporation has a fifty-two week low of $41.76 and a fifty-two week high of $361.89.

Vicor (NASDAQ:VICR) last posted its quarterly earnings data on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.04. The business had revenue of $112.97 million for the quarter, compared to analysts’ expectations of $109.05 million. Vicor had a return on equity of 20.21% and a net margin of 28.98%.The business’s revenue was up 20.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.06 EPS. On average, analysts predict that Vicor Corporation will post 2.71 earnings per share for the current year.

Institutional Investors Weigh In On Vicor

A number of hedge funds have recently added to or reduced their stakes in the stock. Parallel Advisors LLC raised its stake in Vicor by 167.8% during the 1st quarter. Parallel Advisors LLC now owns 490 shares of the electronics maker’s stock valued at $79,000 after buying an additional 307 shares during the last quarter. NewEdge Advisors LLC raised its stake in Vicor by 1,493.1% during the 1st quarter. NewEdge Advisors LLC now owns 2,071 shares of the electronics maker’s stock valued at $333,000 after buying an additional 1,941 shares during the last quarter. Axiom Investment Management LLC purchased a new stake in shares of Vicor in the 1st quarter worth $209,000. Vestor Capital LLC bought a new position in Vicor in the 1st quarter worth $7,110,000. Finally, Bank of America Corp DE raised its holdings in Vicor by 44.4% in the 1st quarter. Bank of America Corp DE now owns 102,107 shares of the electronics maker’s stock worth $16,439,000 after purchasing an additional 31,399 shares during the period. 47.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Zacks Research raised Vicor from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Wall Street Zen cut Vicor from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Needham & Company LLC boosted their price target on Vicor from $260.00 to $350.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Weiss Ratings reissued a “hold (c+)” rating on shares of Vicor in a research report on Monday, June 1st. Finally, Roth Mkm reissued a “buy” rating and issued a $245.00 price target on shares of Vicor in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Vicor currently has an average rating of “Buy” and a consensus target price of $228.33.

About Vicor

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.