Vicor (NASDAQ:VICR) VP Claudio Tuozzolo Sells 730 Shares

Vicor Corporation (NASDAQ:VICR) VP Claudio Tuozzolo sold 730 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $292.89, for a total value of $213,809.70. Following the completion of the sale, the vice president directly owned 13,240 shares in the company, valued at approximately $3,877,863.60. The trade was a 5.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Claudio Tuozzolo also recently made the following trade(s):

• On Tuesday, May 26th, Claudio Tuozzolo sold 3,000 shares of Vicor stock. The shares were sold at an average price of $328.41, for a total value of $985,230.00.
• On Friday, April 24th, Claudio Tuozzolo sold 11,035 shares of Vicor stock. The shares were sold at an average price of $270.50, for a total value of $2,984,967.50.

Vicor Stock Performance

Shares of VICR opened at $303.77 on Friday. The stock has a fifty day moving average of $258.94 and a two-hundred day moving average of $184.47. The company has a market capitalization of $13.85 billion, a PE ratio of 101.60 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 issued its quarterly earnings results 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 company had revenue of $112.97 million during the quarter, compared to the consensus estimate of $109.05 million. Vicor had a return on equity of 20.21% and a net margin of 28.98%.Vicor’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. As a group, equities research analysts forecast that Vicor Corporation will post 2.71 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Institutional Trading of Vicor

Institutional investors and hedge funds have recently made changes to their positions in the company. Federated Hermes Inc. acquired a new stake in shares of Vicor during the 4th quarter worth $27,000. Harbour Investments Inc. acquired a new stake in shares of Vicor during the 4th quarter worth $32,000. Allworth Financial LP increased its holdings in shares of Vicor by 960.0% during the 4th quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock worth $35,000 after buying an additional 288 shares during the last quarter. NBC Securities Inc. acquired a new stake in shares of Vicor during the 4th quarter worth $36,000. Finally, SBI Securities Co. Ltd. increased its holdings in shares of Vicor by 32,400.0% during the 4th quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker’s stock worth $36,000 after buying an additional 324 shares during the last quarter. 47.45% of the stock is currently owned by institutional investors and hedge funds.

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.