Estia Eichten Sells 2,000 Shares of Vicor (NASDAQ:VICR) Stock

Vicor Corporation (NASDAQ:VICR) Director Estia Eichten sold 2,000 shares of the stock in a transaction on Friday, March 13th. The stock was sold at an average price of $174.00, for a total value of $348,000.00. Following the transaction, the director owned 188,838 shares of the company’s stock, valued at approximately $32,857,812. This represents a 1.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Vicor Price Performance

Shares of NASDAQ:VICR traded up $11.72 during midday trading on Monday, reaching $184.29. 749,524 shares of the company’s stock were exchanged, compared to its average volume of 730,628. The stock has a market cap of $8.23 billion, a price-to-earnings ratio of 70.64 and a beta of 1.83. Vicor Corporation has a fifty-two week low of $38.92 and a fifty-two week high of $209.53. The firm’s 50 day simple moving average is $163.76 and its two-hundred day simple moving average is $107.65.

Vicor (NASDAQ:VICR) last posted its earnings results on Thursday, February 19th. The electronics maker reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.63. The company had revenue of $362.70 million for the quarter, compared to analysts’ expectations of $107.78 million. Vicor had a net margin of 26.19% and a return on equity of 18.73%. Vicor’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.23 earnings per share.

Analysts Set New Price Targets

VICR has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vicor in a research report on Wednesday, January 21st. Wall Street Zen lowered Vicor from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 23rd. Zacks Research upgraded Vicor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Finally, Roth Mkm restated a “buy” rating and set a $175.00 price target on shares of Vicor in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $118.33.

Institutional Trading of Vicor

Several hedge funds have recently made changes to their positions in the business. Federated Hermes Inc. purchased a new position in shares of Vicor in the fourth quarter valued at approximately $27,000. Nisa Investment Advisors LLC lifted its holdings in Vicor by 53.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker’s stock worth $30,000 after buying an additional 210 shares in the last quarter. Harbour Investments Inc. acquired a new stake in Vicor during the 4th quarter worth approximately $32,000. Allworth Financial LP boosted its position in Vicor by 960.0% in the 4th quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock valued at $35,000 after buying an additional 288 shares during the period. Finally, NBC Securities Inc. purchased a new position in Vicor in the 4th quarter valued at approximately $36,000. Institutional investors and hedge funds own 47.45% of the company’s stock.

Vicor Company Profile

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.