Vicor (NASDAQ:VICR) Insider Michael Mcnamara Sells 7,174 Shares

Vicor Corporation (NASDAQ:VICR) insider Michael Mcnamara sold 7,174 shares of the company’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $190.07, for a total value of $1,363,562.18. Following the transaction, the insider directly owned 18,138 shares in the company, valued at $3,447,489.66. The trade was a 28.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Vicor Trading Down 2.3%

Shares of NASDAQ VICR opened at $191.84 on Thursday. Vicor Corporation has a one year low of $38.92 and a one year high of $209.53. The firm has a market capitalization of $8.57 billion, a PE ratio of 73.50 and a beta of 1.84. The business has a 50-day moving average price of $166.99 and a two-hundred day moving average price of $110.19.

Vicor (NASDAQ:VICR) last issued its earnings results on Thursday, February 19th. The electronics maker reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.63. The company had revenue of $362.70 million for 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 firm’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.23 EPS.

Hedge Funds Weigh In On Vicor

A number of hedge funds have recently added to or reduced their stakes in the company. Federated Hermes Inc. bought a new position in Vicor during the fourth quarter valued at approximately $27,000. Nisa Investment Advisors LLC grew its position in Vicor by 53.4% in the third quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker’s stock worth $30,000 after acquiring an additional 210 shares in the last quarter. Harbour Investments Inc. acquired a new position in shares of Vicor during the 4th quarter worth $32,000. Allworth Financial LP raised 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 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 during the 4th quarter valued at $36,000. Institutional investors and hedge funds own 47.45% of the company’s stock.

Analysts Set New Price Targets

VICR has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Vicor in a research report on Wednesday, January 21st. Wall Street Zen cut shares of Vicor from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 23rd. Roth Mkm reaffirmed a “buy” rating and issued a $175.00 price target on shares of Vicor in a research note on Thursday, January 22nd. Finally, Zacks Research upgraded Vicor from a “hold” rating to a “strong-buy” rating in a report 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 given a Hold rating to the company’s stock. According to MarketBeat.com, Vicor presently 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.