Vicor (NASDAQ:VICR) CAO Quentin Fendelet Sells 2,000 Shares

Vicor Corporation (NASDAQ:VICR) CAO Quentin Fendelet sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $177.72, for a total value of $355,440.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Vicor Price Performance

VICR stock traded up $15.27 on Tuesday, reaching $187.07. 613,297 shares of the company traded hands, compared to its average volume of 670,209. The firm has a fifty day simple moving average of $141.43 and a 200-day simple moving average of $93.99. The company has a market cap of $8.35 billion, a P/E ratio of 71.67 and a beta of 1.90. Vicor Corporation has a one year low of $38.92 and a one year high of $189.00.

Vicor (NASDAQ:VICR) last released its earnings results on Thursday, February 19th. The electronics maker reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.63. The firm had revenue of $107.26 million for the quarter, compared to analysts’ expectations of $107.78 million. Vicor had a return on equity of 18.73% and a net margin of 26.19%.The company’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.23 earnings per share.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of VICR. Royal Bank of Canada raised its stake in Vicor by 6.0% during the first quarter. Royal Bank of Canada now owns 15,167 shares of the electronics maker’s stock valued at $709,000 after purchasing an additional 857 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Vicor by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,537 shares of the electronics maker’s stock worth $633,000 after acquiring an additional 563 shares during the last quarter. Millennium Management LLC raised its position in Vicor by 4,634.5% during the first quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock valued at $12,379,000 after purchasing an additional 259,022 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Vicor by 38.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 41,541 shares of the electronics maker’s stock valued at $1,943,000 after purchasing an additional 11,525 shares during the last quarter. Finally, Acadian Asset Management LLC increased its position in shares of Vicor by 56.1% during the 1st quarter. Acadian Asset Management LLC now owns 8,860 shares of the electronics maker’s stock valued at $413,000 after purchasing an additional 3,184 shares during the last quarter. 47.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on VICR shares. Wall Street Zen downgraded Vicor from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 23rd. Zacks Research raised shares of Vicor to a “hold” rating in a research report on Tuesday, December 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Vicor in a report on Wednesday, January 21st. Finally, Roth Mkm reiterated a “buy” rating and issued a $175.00 price target on shares of Vicor in a research note on Thursday, January 22nd. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Vicor has an average rating of “Moderate Buy” and a consensus target price of $118.33.

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.