Vicor (NASDAQ:VICR) VP Sells $780,287.40 in Stock

Vicor Corporation (NASDAQ:VICR) VP Claudio Tuozzolo sold 4,469 shares of Vicor stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $174.60, for a total transaction of $780,287.40. Following the transaction, the vice president owned 29,153 shares in the company, valued at approximately $5,090,113.80. The trade was a 13.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Vicor Trading Up 8.9%

Vicor stock traded up $15.27 during trading hours on Tuesday, reaching $187.07. 613,297 shares of the company were exchanged, compared to its average volume of 670,209. Vicor Corporation has a 12 month low of $38.92 and a 12 month high of $189.00. The stock has a 50-day moving average of $141.43 and a 200 day moving average of $93.99. The firm has a market cap of $8.35 billion, a price-to-earnings ratio of 71.50 and a beta of 1.90.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Zacks Research raised Vicor to a “hold” rating in a research report on Tuesday, December 16th. Wall Street Zen lowered Vicor from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Vicor in a research report on Wednesday, January 21st. Finally, Roth Mkm reaffirmed a “buy” rating and set a $175.00 target price on shares of Vicor in a research report on Thursday, January 22nd. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $118.33.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in VICR. Summit Global Investments bought a new stake in shares of Vicor in the 3rd quarter valued at approximately $1,050,000. Colrain Capital LLC boosted its stake in Vicor by 10.4% in the 3rd quarter. Colrain Capital LLC now owns 254,140 shares of the electronics maker’s stock valued at $12,636,000 after buying an additional 23,940 shares in the last quarter. SG Americas Securities LLC bought a new stake in Vicor in the third quarter valued at $448,000. Public Sector Pension Investment Board raised its stake in Vicor by 13.4% during the third quarter. Public Sector Pension Investment Board now owns 89,312 shares of the electronics maker’s stock worth $4,441,000 after acquiring an additional 10,532 shares in the last quarter. Finally, Edgestream Partners L.P. bought a new position in shares of Vicor during the second quarter valued at $1,559,000. 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.