Andrew D’amico Sells 754 Shares of Vicor (NASDAQ:VICR) Stock

Vicor Corporation (NASDAQ:VICR) Director Andrew D’amico sold 754 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $330.00, for a total transaction of $248,820.00. Following the completion of the sale, the director owned 754 shares in the company, valued at $248,820. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Andrew D’amico also recently made the following trade(s):

• On Monday, June 22nd, Andrew D’amico sold 1,216 shares of Vicor stock. The shares were sold at an average price of $360.77, for a total transaction of $438,696.32.
• On Thursday, May 14th, Andrew D’amico sold 800 shares of Vicor stock. The stock was sold at an average price of $315.35, for a total transaction of $252,280.00.
• On Wednesday, May 13th, Andrew D’amico sold 1,200 shares of Vicor stock. The stock was sold at an average price of $312.31, for a total transaction of $374,772.00.
• On Tuesday, May 12th, Andrew D’amico sold 565 shares of Vicor stock. The shares were sold at an average price of $303.03, for a total transaction of $171,211.95.
• On Monday, May 4th, Andrew D’amico sold 7,512 shares of Vicor stock. The shares were sold at an average price of $252.89, for a total transaction of $1,899,709.68.
• On Monday, April 27th, Andrew D’amico sold 800 shares of Vicor stock. The stock was sold at an average price of $277.00, for a total transaction of $221,600.00.

Vicor Stock Down 5.5%

Shares of Vicor stock traded down $18.55 during trading on Wednesday, hitting $317.56. 374,951 shares of the company were exchanged, compared to its average volume of 818,184. Vicor Corporation has a fifty-two week low of $41.76 and a fifty-two week high of $369.40. The stock has a market capitalization of $14.47 billion, a price-to-earnings ratio of 106.49 and a beta of 2.36. The firm has a 50 day moving average price of $282.04 and a 200 day moving average price of $197.14.

Vicor (NASDAQ:VICR) last posted its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. The firm had revenue of $112.97 million for the quarter, compared to analyst estimates 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 quarter in the prior year, the company earned $0.06 EPS. Analysts predict that Vicor Corporation will post 2.81 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on VICR. Roth Mkm upped their price objective on Vicor from $285.00 to $375.00 and gave the company a “buy” rating in a research report on Monday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Vicor in a research report on Monday, June 1st. Needham & Company LLC boosted their target price on shares of Vicor to $400.00 and gave the company a “buy” rating in a research note on Monday. Craig Hallum boosted their target price on shares of Vicor to $450.00 and gave the company a “buy” rating in a research note on Monday. Finally, Wall Street Zen lowered shares of Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. One investment 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 stock. According to data from MarketBeat.com, Vicor currently has a consensus rating of “Buy” and an average target price of $408.33.

Institutional Trading of Vicor

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Federated Hermes Inc. purchased a new position in shares of Vicor during the 4th quarter worth $27,000. Harbour Investments Inc. purchased a new stake in shares of Vicor in the fourth quarter valued at $32,000. Allworth Financial LP grew its position in shares of Vicor by 960.0% in the fourth quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock valued at $35,000 after purchasing an additional 288 shares during the period. NBC Securities Inc. acquired a new position in Vicor in the fourth quarter valued at $36,000. Finally, SBI Securities Co. Ltd. increased its stake in Vicor by 32,400.0% in the fourth quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker’s stock valued at $36,000 after purchasing an additional 324 shares during the last quarter. 47.45% of the stock is owned by hedge funds and other institutional investors.

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.