Philip Davies Sells 3,073 Shares of Vicor (NASDAQ:VICR) Stock

Vicor Corporation (NASDAQ:VICR) VP Philip Davies sold 3,073 shares of the company’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $356.97, for a total transaction of $1,096,968.81. Following the completion of the transaction, the vice president owned 1,920 shares of the company’s stock, valued at approximately $685,382.40. This trade represents a 61.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Vicor Stock Up 3.3%

Shares of VICR stock traded up $9.26 during mid-day trading on Monday, hitting $292.21. 259,042 shares of the stock were exchanged, compared to its average volume of 842,756. Vicor Corporation has a 52-week low of $41.76 and a 52-week high of $382.65. The company has a market cap of $13.32 billion, a PE ratio of 97.84 and a beta of 2.33. The firm has a fifty day moving average of $300.36 and a 200 day moving average of $210.23.

Vicor (NASDAQ:VICR) last announced 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. Vicor had a return on equity of 20.21% and a net margin of 28.98%.The firm had revenue of $112.97 million during the quarter, compared to analyst estimates of $109.05 million. During the same quarter in the previous year, the business earned $0.06 EPS. Vicor’s revenue for the quarter was up 20.2% compared to the same quarter last year. Equities analysts predict that Vicor Corporation will post 2.94 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on VICR. Needham & Company LLC lifted their price target on shares of Vicor to $400.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Wall Street Zen cut shares of Vicor from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Craig Hallum increased their price objective on shares of Vicor to $450.00 and gave the company a “buy” rating in a report on Monday, June 22nd. Roth Mkm lifted their target price on shares of Vicor from $285.00 to $375.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Vicor in a research note on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Vicor has an average rating of “Buy” and a consensus target price of $408.33.

Institutional Investors Weigh In On Vicor

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Vicor by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 2,534,534 shares of the electronics maker’s stock worth $277,785,000 after buying an additional 60,963 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Vicor by 39.6% in the 1st quarter. The Manufacturers Life Insurance Company now owns 603,364 shares of the electronics maker’s stock valued at $97,142,000 after acquiring an additional 171,175 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Vicor by 4.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 578,515 shares of the electronics maker’s stock worth $28,759,000 after purchasing an additional 25,393 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Vicor by 43.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 536,274 shares of the electronics maker’s stock worth $86,340,000 after purchasing an additional 162,186 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Vicor by 1,542.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 439,820 shares of the electronics maker’s stock worth $48,205,000 after purchasing an additional 413,038 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.