Andrew D’amico Sells 1,000 Shares of Vicor Co. (NASDAQ:VICR) Stock

Vicor Co. (NASDAQ:VICR) Director Andrew D’amico sold 1,000 shares of the firm’s stock in a transaction on Monday, June 7th. The stock was sold at an average price of $93.01, for a total transaction of $93,010.00. Following the transaction, the director now directly owns 1,000 shares in the company, valued at $93,010. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

  • On Wednesday, May 5th, Andrew D’amico sold 1,000 shares of Vicor stock. The shares were sold at an average price of $85.93, for a total transaction of $85,930.00.
  • On Monday, April 5th, Andrew D’amico sold 1,000 shares of Vicor stock. The stock was sold at an average price of $88.91, for a total transaction of $88,910.00.

VICR opened at $91.97 on Friday. The firm has a market capitalization of $4.00 billion, a PE ratio of 117.91 and a beta of 0.67. The company has a fifty day moving average of $86.81. Vicor Co. has a 12-month low of $63.68 and a 12-month high of $104.68.

Vicor (NASDAQ:VICR) last posted its quarterly earnings results on Wednesday, April 21st. The electronics maker reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.08. The firm had revenue of $88.80 million for the quarter, compared to analysts’ expectations of $86.46 million. Vicor had a net margin of 10.79% and a return on equity of 10.03%. The firm’s quarterly revenue was up 40.1% on a year-over-year basis. During the same period in the prior year, the company posted ($0.04) earnings per share. On average, sell-side analysts expect that Vicor Co. will post 1.49 EPS for the current year.

VICR has been the topic of a number of research analyst reports. Needham & Company LLC reissued a “buy” rating on shares of Vicor in a report on Friday, April 23rd. Northland Securities boosted their price objective on shares of Vicor from $55.00 to $85.00 and gave the stock a “market perform” rating in a report on Friday, February 26th. Zacks Investment Research raised shares of Vicor from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a research report on Tuesday, March 2nd. Craig Hallum boosted their price objective on shares of Vicor from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, April 23rd. Finally, BWS Financial boosted their price objective on shares of Vicor from $100.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, March 4th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $109.00.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Mutual of America Capital Management LLC raised its holdings in Vicor by 7.4% in the first quarter. Mutual of America Capital Management LLC now owns 2,832 shares of the electronics maker’s stock valued at $241,000 after acquiring an additional 195 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of Vicor by 2.4% during the first quarter. Oregon Public Employees Retirement Fund now owns 8,706 shares of the electronics maker’s stock worth $740,000 after purchasing an additional 200 shares during the period. Arizona State Retirement System raised its holdings in shares of Vicor by 4.1% during the fourth quarter. Arizona State Retirement System now owns 5,901 shares of the electronics maker’s stock worth $544,000 after purchasing an additional 232 shares during the period. Comerica Bank raised its holdings in shares of Vicor by 1.1% during the fourth quarter. Comerica Bank now owns 22,087 shares of the electronics maker’s stock worth $2,177,000 after purchasing an additional 232 shares during the period. Finally, Public Sector Pension Investment Board raised its holdings in shares of Vicor by 0.6% during the fourth quarter. Public Sector Pension Investment Board now owns 46,709 shares of the electronics maker’s stock worth $4,308,000 after purchasing an additional 270 shares during the period. 36.93% of the stock is currently owned by hedge funds and other institutional investors.

About Vicor

Vicor Corporation, together with its subsidiaries, designs, develops, manufactures, and markets modular power components and power systems for converting electrical power in the United States, Europe, the Asia Pacific, and internationally. The company offers a range of brick-format DC-DC converters; complementary components; and input and output voltage, and output power products, as well as electrical and mechanical accessories.

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