Vicor (NASDAQ:VICR) VP Sells $563,157.98 in Stock

Vicor Corporation (NASDAQ:VICR) VP Philip Davies sold 3,073 shares of the stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $183.26, for a total transaction of $563,157.98. Following the completion of the transaction, the vice president owned 1,920 shares in the company, valued at $351,859.20. This represents a 61.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Vicor Trading Down 15.1%

Shares of NASDAQ VICR opened at $135.10 on Friday. The stock has a 50 day moving average of $221.95 and a two-hundred day moving average of $226.53. Vicor Corporation has a twelve month low of $80.29 and a twelve month high of $382.65. The stock has a market cap of $6.23 billion, a P/E ratio of 41.64 and a beta of 2.45.

Vicor (NASDAQ:VICR) last posted its quarterly earnings data on Tuesday, October 20th. The electronics maker reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.01. Vicor had a net margin of 32.15% and a return on equity of 22.49%. The company had revenue of $197.11 million for the quarter, compared to analyst estimates of $187.03 million. During the same period in the previous year, the business posted $0.63 earnings per share. Vicor’s quarterly revenue was up 78.5% on a year-over-year basis. As a group, research analysts predict that Vicor Corporation will post 3.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on VICR. Wall Street Zen cut Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, October 24th. Needham & Company LLC reissued a “buy” rating and issued a $350.00 price objective on shares of Vicor in a research note on Tuesday, October 20th. Zacks Research upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 1st. Weiss Ratings upgraded shares of Vicor from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, October 27th. Finally, Roth Capital set a $360.00 target price on shares of Vicor in a report on Wednesday, October 21st. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $386.67.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Fifth Third Bancorp raised its holdings in Vicor by 27.0% in the third quarter. Fifth Third Bancorp now owns 6,061 shares of the electronics maker’s stock valued at $1,751,000 after acquiring an additional 1,289 shares in the last quarter. Jacobi Capital Management LLC acquired a new position in Vicor during the 3rd quarter worth $80,000. New York Life Investment Management LLC acquired a new position in Vicor during the 3rd quarter worth $235,000. Retirement Systems of Alabama grew its holdings in Vicor by 5.7% during the 3rd quarter. Retirement Systems of Alabama now owns 25,540 shares of the electronics maker’s stock worth $7,380,000 after acquiring an additional 1,373 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Vicor by 46.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,272 shares of the electronics maker’s stock worth $393,000 after purchasing an additional 401 shares during the last quarter. Hedge funds and other institutional investors own 47.45% of the company’s stock.

About Vicor

Vicor Corporation (NASDAQ: VICR) designs, develops, manufactures and markets modular power components and systems. The company’s products convert, regulate and distribute electrical power for electronic equipment, with an emphasis on high-performance, compact and efficient power solutions.

Its portfolio includes AC-to-DC and DC-to-DC converters, regulators, power modules, power distribution components and complete power systems. Vicor’s technologies include its Factorized Power Architecture and high-density ChiP packaging, which are designed to help engineers manage power more efficiently while reducing the size and complexity of electronic systems.

Vicor serves customers in industries such as data centers and computing, telecommunications, automotive, aerospace and defense, industrial equipment, and consumer electronics.