Philip Davies Sells 3,072 Shares of Vicor (NASDAQ:VICR) Stock

Vicor Corporation (NASDAQ:VICR) VP Philip Davies sold 3,072 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $211.69, for a total value of $650,311.68. Following the sale, the vice president owned 1,920 shares in the company, valued at approximately $406,444.80. The trade was a 61.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Vicor Trading Down 0.7%

NASDAQ VICR traded down $1.53 during trading hours on Wednesday, hitting $224.95. 178,585 shares of the company’s stock were exchanged, compared to its average volume of 849,060. The stock has a 50-day simple moving average of $282.90 and a 200 day simple moving average of $228.02. Vicor Corporation has a 1-year low of $44.97 and a 1-year high of $382.65. The firm has a market cap of $10.25 billion, a price-to-earnings ratio of 72.24 and a beta of 2.37.

Vicor (NASDAQ:VICR) last issued its quarterly earnings results on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.39. The firm had revenue of $143.35 million for the quarter, compared to analyst estimates of $138.37 million. Vicor had a return on equity of 19.83% and a net margin of 30.65%.The company’s revenue was up 49.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.91 earnings per share. On average, sell-side analysts anticipate that Vicor Corporation will post 3.12 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on VICR shares. Roth Capital boosted their target price on shares of Vicor from $285.00 to $375.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Zacks Research cut shares of Vicor from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 2nd. Craig Hallum lifted their price target on shares of Vicor to $450.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Wall Street Zen lowered shares of Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Finally, Needham & Company LLC cut their price objective on shares of Vicor from $400.00 to $320.00 and set a “buy” rating on the stock in a research report on Tuesday, July 21st. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $381.67.

Hedge Funds Weigh In On Vicor

A number of institutional investors have recently modified their holdings of VICR. Federated Hermes Inc. acquired a new stake in Vicor in the 4th quarter valued at $27,000. Harbour Investments Inc. acquired a new position in Vicor during the fourth quarter worth $32,000. Allworth Financial LP lifted its stake in shares of Vicor by 960.0% in the fourth quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock valued at $35,000 after buying an additional 288 shares in the last quarter. NBC Securities Inc. bought a new position in shares of Vicor in the fourth quarter valued at $36,000. Finally, SBI Securities Co. Ltd. grew its holdings in shares of Vicor by 32,400.0% during the fourth quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker’s stock valued at $36,000 after buying an additional 324 shares during the last quarter. 47.45% of the stock is owned by institutional investors and hedge funds.

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.