Vicor Co. (NASDAQ:VICR) VP Sells $14,133.70 in Stock

Vicor Co. (NASDAQ:VICR) VP Alvaro Doyle sold 427 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $33.10, for a total transaction of $14,133.70. Following the completion of the transaction, the vice president now directly owns 42 shares of the company’s stock, valued at $1,390.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Vicor Price Performance

NASDAQ:VICR traded down $0.09 during mid-day trading on Thursday, hitting $33.12. 22,618 shares of the company’s stock were exchanged, compared to its average volume of 260,985. The company has a market cap of $1.47 billion, a PE ratio of 33.21 and a beta of 1.53. Vicor Co. has a one year low of $30.90 and a one year high of $98.38. The business has a fifty day moving average price of $35.98 and a 200 day moving average price of $38.77.

Vicor (NASDAQ:VICR) last issued its earnings results on Tuesday, April 23rd. The electronics maker reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.04). The firm had revenue of $83.80 million during the quarter, compared to analysts’ expectations of $84.83 million. Vicor had a return on equity of 8.55% and a net margin of 11.49%. The firm’s quarterly revenue was down 14.3% on a year-over-year basis. During the same period last year, the firm posted $0.25 earnings per share.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Byrne Asset Management LLC purchased a new position in shares of Vicor during the fourth quarter valued at approximately $35,000. PNC Financial Services Group Inc. raised its holdings in shares of Vicor by 37.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,111 shares of the electronics maker’s stock valued at $50,000 after purchasing an additional 303 shares during the last quarter. New Mexico Educational Retirement Board purchased a new stake in Vicor during the first quarter valued at approximately $172,000. Acadian Asset Management LLC increased its holdings in Vicor by 30.0% during the third quarter. Acadian Asset Management LLC now owns 3,056 shares of the electronics maker’s stock valued at $178,000 after buying an additional 706 shares during the last quarter. Finally, Federated Hermes Inc. increased its holdings in Vicor by 913.5% during the third quarter. Federated Hermes Inc. now owns 3,456 shares of the electronics maker’s stock valued at $204,000 after buying an additional 3,115 shares during the last quarter. 47.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on VICR shares. StockNews.com cut shares of Vicor from a “hold” rating to a “sell” rating in a research report on Wednesday. Needham & Company LLC reiterated a “hold” rating on shares of Vicor in a research report on Wednesday, April 24th. Finally, Craig Hallum decreased their target price on shares of Vicor from $40.00 to $35.00 and set a “hold” rating on the stock in a research report on Wednesday, April 24th.

Vicor Company Profile

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 provide AC line rectification, input filtering, power factor correction, and transient protection; and input and output voltage, and output power products, as well as electrical and mechanical accessories.