Vicor (NASDAQ:VICR) VP Nancy Grava Sells 323 Shares

Vicor Corporation (NASDAQ:VICR) VP Nancy Grava sold 323 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $355.00, for a total value of $114,665.00. Following the completion of the transaction, the vice president directly owned 323 shares in the company, valued at $114,665. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Vicor Stock Down 1.1%

Shares of Vicor stock traded down $3.75 during trading hours on Thursday, hitting $342.09. 620,407 shares of the company’s stock traded hands, compared to its average volume of 839,488. The stock has a 50 day simple moving average of $226.39 and a 200-day simple moving average of $166.66. The company has a market cap of $15.59 billion, a PE ratio of 114.41 and a beta of 2.33. Vicor Corporation has a twelve month low of $41.76 and a twelve month high of $361.89.

Vicor (NASDAQ:VICR) last announced its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.04. The company had revenue of $112.97 million during the quarter, compared to the consensus estimate of $109.05 million. Vicor had a return on equity of 20.21% and a net margin of 28.98%.The company’s revenue was up 20.2% on a year-over-year basis. During the same period last year, the firm earned $0.06 earnings per share. As a group, equities research analysts predict that Vicor Corporation will post 2.71 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Needham & Company LLC upped their target price on Vicor from $260.00 to $350.00 and gave the company a “buy” rating in a report on Tuesday. Zacks Research upgraded Vicor from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Wall Street Zen lowered Vicor from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Finally, Roth Mkm restated a “buy” rating and set a $245.00 price objective on shares of Vicor in a research report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $228.33.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Federated Hermes Inc. bought a new position in shares of Vicor in the fourth quarter valued at $27,000. Harbour Investments Inc. bought a new position in shares of Vicor in the fourth quarter valued at $32,000. Allworth Financial LP increased its holdings in shares of Vicor by 960.0% in the fourth quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock valued at $35,000 after buying an additional 288 shares in the last quarter. NBC Securities Inc. bought a new position in shares of Vicor in the fourth quarter valued at $36,000. Finally, SBI Securities Co. Ltd. increased its holdings in shares of Vicor by 32,400.0% in the fourth quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker’s stock valued at $36,000 after buying an additional 324 shares in the last quarter. Institutional investors 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.