Vicor (NASDAQ:VICR) VP Robert Gendron Sells 4,571 Shares of Stock

Vicor Corporation (NASDAQ:VICR) VP Robert Gendron sold 4,571 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $330.00, for a total value of $1,508,430.00. Following the completion of the transaction, the vice president owned 577 shares of the company’s stock, valued at approximately $190,410. This trade represents a 88.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Vicor Trading Up 3.9%

VICR opened at $345.84 on Thursday. The stock has a fifty day simple moving average of $226.39 and a two-hundred day simple moving average of $166.66. The company has a market cap of $15.76 billion, a price-to-earnings ratio of 115.67 and a beta of 2.33. Vicor Corporation has a 12-month low of $41.74 and a 12-month high of $361.89.

Vicor (NASDAQ:VICR) last posted its quarterly earnings data on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. The business 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 firm’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.06 earnings per share. On average, analysts predict that Vicor Corporation will post 2.71 EPS for the current year.

Hedge Funds Weigh In On Vicor

Several institutional investors and hedge funds have recently modified their holdings of VICR. The Manufacturers Life Insurance Company increased its holdings in shares of Vicor by 3,918.9% during the fourth quarter. The Manufacturers Life Insurance Company now owns 432,189 shares of the electronics maker’s stock valued at $47,368,000 after acquiring an additional 421,435 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Vicor by 1,542.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 439,820 shares of the electronics maker’s stock valued at $48,205,000 after acquiring an additional 413,038 shares in the last quarter. Millennium Management LLC increased its holdings in Vicor by 4,634.5% in the 1st quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock worth $12,379,000 after buying an additional 259,022 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Vicor by 1,921.4% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 267,882 shares of the electronics maker’s stock worth $13,319,000 after buying an additional 254,630 shares in the last quarter. Finally, CIBC Bancorp USA Inc. bought a new stake in Vicor in the 3rd quarter worth about $12,625,000. 47.45% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

VICR has been the subject of a number of research reports. Roth Mkm reiterated a “buy” rating and issued a $245.00 price objective on shares of Vicor in a report on Monday, April 20th. Zacks Research upgraded Vicor from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. Needham & Company LLC raised their price target on Vicor from $260.00 to $350.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Wall Street Zen downgraded Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $228.33.

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.