Vicor Co. (NASDAQ:VICR) VP Sells $239,835.34 in Stock

Vicor Co. (NASDAQ:VICR) VP Claudio Tuozzolo sold 1,934 shares of the company’s stock in a transaction dated Monday, September 13th. The shares were sold at an average price of $124.01, for a total value of $239,835.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Claudio Tuozzolo also recently made the following trade(s):

  • On Thursday, September 9th, Claudio Tuozzolo sold 1,117 shares of Vicor stock. The shares were sold at an average price of $126.19, for a total value of $140,954.23.
  • On Wednesday, August 4th, Claudio Tuozzolo sold 1,007 shares of Vicor stock. The shares were sold at an average price of $119.06, for a total transaction of $119,893.42.
  • On Monday, July 26th, Claudio Tuozzolo sold 9,183 shares of Vicor stock. The shares were sold at an average price of $112.07, for a total transaction of $1,029,138.81.

Vicor stock traded up $0.40 during mid-day trading on Wednesday, reaching $126.93. 573 shares of the company’s stock were exchanged, compared to its average volume of 124,150. The business’s fifty day simple moving average is $117.25 and its 200 day simple moving average is $99.74. Vicor Co. has a one year low of $73.71 and a one year high of $129.26. The firm has a market capitalization of $5.53 billion, a PE ratio of 109.30 and a beta of 0.68.

Vicor (NASDAQ:VICR) last released its earnings results on Thursday, July 22nd. The electronics maker reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.10. The company had revenue of $95.38 million for the quarter, compared to analysts’ expectations of $93.98 million. Vicor had a return on equity of 14.18% and a net margin of 14.85%. The business’s revenue for the quarter was up 34.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.06 EPS. As a group, equities research analysts anticipate that Vicor Co. will post 1.64 earnings per share for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Lazard Asset Management LLC purchased a new position in Vicor in the first quarter valued at about $34,000. Point72 Hong Kong Ltd lifted its stake in Vicor by 619.2% in the 1st quarter. Point72 Hong Kong Ltd now owns 561 shares of the electronics maker’s stock worth $48,000 after purchasing an additional 483 shares in the last quarter. Royal Bank of Canada lifted its stake in Vicor by 333.7% in the 2nd quarter. Royal Bank of Canada now owns 1,878 shares of the electronics maker’s stock worth $199,000 after purchasing an additional 1,445 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in Vicor in the 2nd quarter worth approximately $218,000. Finally, Vident Investment Advisory LLC purchased a new stake in Vicor in the 2nd quarter worth approximately $221,000. Hedge funds and other institutional investors own 38.31% of the company’s stock.

A number of analysts have commented on the company. Zacks Investment Research raised Vicor from a “hold” rating to a “buy” rating and set a $121.00 price objective for the company in a report on Tuesday, July 27th. Needham & Company LLC raised their price objective on Vicor from $110.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, July 23rd. Finally, Northland Securities initiated coverage on shares of Vicor in a research note on Friday, July 23rd. They issued a “hold” rating and a $100.00 target price for the company. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Vicor has a consensus rating of “Buy” and a consensus price target of $117.20.

About Vicor

Vicor Corp. engages in the design, development, manufacture, and marketing of modular power components. The firm provides complete power systems based upon a portfolio of patented technologies. Its products include AC-DC converters, power systems, and accessories. The company was founded by Patrizio Vinciarelli in 1981 and is headquartered in Andover, MA.

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