Vicor (NASDAQ:VICR) VP Sells $706,300.00 in Stock

Vicor Corporation (NASDAQ:VICR) VP Sean Crilly sold 2,500 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $282.52, for a total value of $706,300.00. Following the completion of the transaction, the vice president owned 7,229 shares in the company, valued at $2,042,337.08. This trade represents a 25.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Vicor Stock Up 1.4%

VICR stock traded up $3.93 during trading on Monday, hitting $274.97. The company had a trading volume of 725,779 shares, compared to its average volume of 829,686. The firm has a 50-day moving average price of $245.67 and a 200-day moving average price of $178.04. Vicor Corporation has a 1-year low of $41.76 and a 1-year high of $361.89. The firm has a market cap of $12.53 billion, a PE ratio of 91.96 and a beta of 2.36.

Vicor (NASDAQ:VICR) last released its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.04. Vicor had a return on equity of 20.21% and a net margin of 28.98%.The company had revenue of $112.97 million for the quarter, compared to analysts’ expectations of $109.05 million. During the same quarter in the previous year, the firm posted $0.06 EPS. The firm’s quarterly revenue was up 20.2% on a year-over-year basis. Sell-side analysts anticipate that Vicor Corporation will post 2.71 earnings per share for the current year.

Institutional Investors Weigh In On Vicor

A number of institutional investors and hedge funds have recently modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Vicor by 1.2% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,692 shares of the electronics maker’s stock valued at $916,000 after buying an additional 68 shares in the last quarter. ProShare Advisors LLC lifted its stake in Vicor by 1.7% in the 4th quarter. ProShare Advisors LLC now owns 4,469 shares of the electronics maker’s stock valued at $490,000 after buying an additional 74 shares in the last quarter. Bouvel Investment Partners LLC lifted its stake in Vicor by 0.4% in the 4th quarter. Bouvel Investment Partners LLC now owns 24,183 shares of the electronics maker’s stock valued at $2,650,000 after buying an additional 85 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Vicor by 1.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,238 shares of the electronics maker’s stock valued at $574,000 after buying an additional 90 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Vicor by 28.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 465 shares of the electronics maker’s stock valued at $75,000 after buying an additional 103 shares in the last quarter. Institutional investors and hedge funds own 47.45% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on VICR shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Vicor in a research report on Monday, June 1st. Roth Mkm reiterated a “buy” rating and set a $245.00 target price on shares of Vicor in a research report on Monday, April 20th. Wall Street Zen cut Vicor from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Needham & Company LLC boosted their target price on Vicor from $260.00 to $350.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Finally, Zacks Research upgraded Vicor from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. One 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 stock has a consensus rating of “Buy” and a consensus target price 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.