Vicor Co. (NASDAQ:VICR) VP Claudio Tuozzolo Sells 1,898 Shares

Vicor Co. (NASDAQ:VICR) VP Claudio Tuozzolo sold 1,898 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $64.79, for a total transaction of $122,971.42. Following the sale, the vice president now directly owns 33,622 shares in the company, valued at $2,178,369.38. This represents a 5.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Claudio Tuozzolo also recently made the following trade(s):

• On Monday, February 24th, Claudio Tuozzolo sold 3,504 shares of Vicor stock. The shares were sold at an average price of $61.00, for a total transaction of $213,744.00.

Vicor Price Performance

VICR stock traded up $1.16 during midday trading on Friday, hitting $62.84. The stock had a trading volume of 131,358 shares, compared to its average volume of 276,174. The company’s 50-day moving average price is $51.62 and its 200 day moving average price is $47.47. Vicor Co. has a 12-month low of $30.90 and a 12-month high of $65.70. The firm has a market cap of $2.84 billion, a PE ratio of 120.68 and a beta of 1.51.

Vicor (NASDAQ:VICR) last posted its earnings results on Thursday, February 20th. The electronics maker reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. The firm had revenue of $96.17 million during the quarter, compared to the consensus estimate of $91.03 million. Vicor had a net margin of 6.46% and a return on equity of 4.29%.

Wall Street Analysts Forecast Growth

VICR has been the topic of several research analyst reports. StockNews.com upgraded shares of Vicor from a “hold” rating to a “buy” rating in a research note on Monday. Needham & Company LLC restated a “hold” rating on shares of Vicor in a research report on Tuesday, February 18th. Finally, Craig Hallum upgraded Vicor from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th.

Institutional Investors Weigh In On Vicor

A number of large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its position in Vicor by 17.5% in the 4th quarter. JPMorgan Chase & Co. now owns 3,847,330 shares of the electronics maker’s stock valued at $185,903,000 after buying an additional 572,093 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Vicor by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 2,529,448 shares of the electronics maker’s stock worth $122,223,000 after purchasing an additional 18,893 shares during the period. Wealthfront Advisers LLC bought a new stake in Vicor in the fourth quarter valued at $79,889,000. Needham Investment Management LLC boosted its stake in Vicor by 2.4% during the 3rd quarter. Needham Investment Management LLC now owns 906,439 shares of the electronics maker’s stock valued at $38,161,000 after purchasing an additional 21,439 shares during the period. Finally, State Street Corp increased its position in Vicor by 2.1% in the 3rd quarter. State Street Corp now owns 852,932 shares of the electronics maker’s stock valued at $35,908,000 after acquiring an additional 17,668 shares during the period. Institutional investors and hedge funds own 47.45% of the company’s stock.

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.