Vicor (NASDAQ:VICR) Director Sells $438,696.32 in Stock

Vicor Corporation (NASDAQ:VICR) Director Andrew D’amico sold 1,216 shares of the business’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $360.77, for a total value of $438,696.32. Following the sale, the director owned 1,216 shares in the company, valued at approximately $438,696.32. The trade was a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Tuesday, June 23rd, Andrew D’amico sold 754 shares of Vicor stock. The stock was sold at an average price of $330.00, for a total value of $248,820.00.
• On Thursday, May 14th, Andrew D’amico sold 800 shares of Vicor stock. The stock was sold at an average price of $315.35, for a total value of $252,280.00.
• On Wednesday, May 13th, Andrew D’amico sold 1,200 shares of Vicor stock. The stock was sold at an average price of $312.31, for a total value of $374,772.00.
• On Tuesday, May 12th, Andrew D’amico sold 565 shares of Vicor stock. The shares were sold at an average price of $303.03, for a total value of $171,211.95.
• On Monday, May 4th, Andrew D’amico sold 7,512 shares of Vicor stock. The stock was sold at an average price of $252.89, for a total transaction of $1,899,709.68.
• On Monday, April 27th, Andrew D’amico sold 800 shares of Vicor stock. The stock was sold at an average price of $277.00, for a total transaction of $221,600.00.

Vicor Trading Down 1.4%

Shares of NASDAQ VICR opened at $326.93 on Friday. Vicor Corporation has a 12 month low of $41.76 and a 12 month high of $369.40. The company has a 50 day simple moving average of $290.25 and a two-hundred day simple moving average of $201.28. The stock has a market cap of $14.90 billion, a price-to-earnings ratio of 109.34 and a beta of 2.36.

Vicor (NASDAQ:VICR) last released its quarterly earnings data on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The firm had revenue of $112.97 million for the quarter, compared to analyst estimates of $109.05 million. During the same quarter in the prior year, the business earned $0.06 earnings per share. The business’s quarterly revenue was up 20.2% compared to the same quarter last year. Analysts forecast that Vicor Corporation will post 2.94 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on VICR shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Vicor in a research report on Monday, June 1st. Needham & Company LLC boosted their price objective on Vicor to $400.00 and gave the company a “buy” rating in a report on Monday, June 22nd. Craig Hallum upped their target price on Vicor to $450.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Wall Street Zen lowered Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Finally, Roth Mkm lifted their price target on Vicor from $285.00 to $375.00 and gave the company a “buy” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $408.33.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VICR. Federated Hermes Inc. purchased a new stake in shares of Vicor during the 4th quarter worth about $27,000. Harbour Investments Inc. purchased a new position in shares of Vicor in the 4th quarter valued at about $32,000. Allworth Financial LP raised its holdings in Vicor by 960.0% in the 4th quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock worth $35,000 after purchasing an additional 288 shares during the period. NBC Securities Inc. acquired a new position in Vicor in the 4th quarter worth about $36,000. Finally, SBI Securities Co. Ltd. boosted its position in Vicor by 32,400.0% during the fourth quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker’s stock worth $36,000 after purchasing an additional 324 shares in the last quarter. Hedge funds and other institutional investors own 47.45% of the company’s stock.

About Vicor

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.