Philip Davies Sells 3,072 Shares of Vicor (NASDAQ:VICR) Stock

Vicor Corporation (NASDAQ:VICR) VP Philip Davies sold 3,072 shares of Vicor stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $211.69, for a total value of $650,311.68. Following the transaction, the vice president directly owned 1,920 shares of the company’s stock, valued at approximately $406,444.80. This represents a 61.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Vicor Stock Performance

VICR opened at $218.72 on Friday. The business’s fifty day moving average is $277.90 and its two-hundred day moving average is $229.02. The company has a market cap of $9.97 billion, a price-to-earnings ratio of 70.10 and a beta of 2.37. Vicor Corporation has a one year low of $45.41 and a one year high of $382.65.

Vicor (NASDAQ:VICR) last announced its quarterly earnings results on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.39. The business had revenue of $143.35 million during the quarter, compared to analysts’ expectations of $138.37 million. Vicor had a return on equity of 19.83% and a net margin of 30.65%.The business’s revenue for the quarter was up 49.3% on a year-over-year basis. During the same quarter last year, the business posted $0.91 earnings per share. On average, analysts predict that Vicor Corporation will post 3.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on VICR shares. Zacks Research downgraded shares of Vicor from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 2nd. Needham & Company LLC reduced their price target on shares of Vicor from $400.00 to $320.00 and set a “buy” rating on the stock in a report on Tuesday, July 21st. Wall Street Zen lowered shares of Vicor from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Weiss Ratings cut shares of Vicor from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, July 23rd. Finally, Roth Capital lifted their price objective on Vicor from $285.00 to $375.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $381.67.

Institutional Trading of Vicor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VICR. Carolina Wealth Advisors LLC lifted its holdings in Vicor by 70.9% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 147 shares of the electronics maker’s stock valued at $56,000 after purchasing an additional 61 shares in the last quarter. Elevation Wealth Partners LLC purchased a new stake in shares of Vicor during the second quarter worth about $76,000. Federated Hermes Inc. acquired a new position in shares of Vicor in the fourth quarter valued at approximately $27,000. Blue Trust Inc. raised its position in shares of Vicor by 1,814.3% in the first quarter. Blue Trust Inc. now owns 268 shares of the electronics maker’s stock valued at $43,000 after buying an additional 254 shares during the last quarter. Finally, ROSS JOHNSON & Associates LLC raised its position in shares of Vicor by 13,750.0% in the first quarter. ROSS JOHNSON & Associates LLC now owns 277 shares of the electronics maker’s stock valued at $45,000 after buying an additional 275 shares during the last quarter. Hedge funds and other institutional investors own 47.45% of the company’s stock.

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.