Vicor (NASDAQ:VICR) Director Andrew D’amico Sells 565 Shares

Vicor Corporation (NASDAQ:VICR) Director Andrew D’amico sold 565 shares of the business’s stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $90.00, for a total transaction of $50,850.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Andrew D’amico also recently made the following trade(s):

• On Wednesday, October 22nd, Andrew D’amico sold 14,677 shares of Vicor stock. The stock was sold at an average price of $82.53, for a total value of $1,211,292.81.
• On Tuesday, October 21st, Andrew D’amico sold 1,000 shares of Vicor stock. The shares were sold at an average price of $68.00, for a total value of $68,000.00.

Vicor Trading Down 2.7%

Shares of NASDAQ:VICR opened at $90.44 on Friday. The company has a market capitalization of $4.06 billion, a PE ratio of 49.42 and a beta of 1.73. Vicor Corporation has a 12-month low of $38.92 and a 12-month high of $96.58. The business’s fifty day simple moving average is $54.00 and its 200-day simple moving average is $48.38.

Vicor (NASDAQ:VICR) last issued its quarterly earnings data on Tuesday, October 21st. The electronics maker reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.43. Vicor had a return on equity of 13.77% and a net margin of 18.63%.The company had revenue of $110.42 million for the quarter, compared to the consensus estimate of $95.40 million. During the same quarter last year, the company earned $0.26 earnings per share. The firm’s revenue for the quarter was up 18.5% compared to the same quarter last year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its position in shares of Vicor by 15.6% in the 1st quarter. JPMorgan Chase & Co. now owns 4,446,226 shares of the electronics maker’s stock valued at $207,994,000 after acquiring an additional 598,896 shares during the period. Millennium Management LLC lifted its position in Vicor by 4,634.5% during the 1st quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock worth $12,379,000 after acquiring an additional 259,022 shares during the period. Ashford Capital Management Inc. grew its stake in Vicor by 885.7% during the 1st quarter. Ashford Capital Management Inc. now owns 238,045 shares of the electronics maker’s stock valued at $11,136,000 after purchasing an additional 213,895 shares during the last quarter. Nuveen LLC acquired a new position in shares of Vicor in the first quarter valued at about $8,024,000. Finally, Pinnacle Associates Ltd. increased its holdings in shares of Vicor by 29.0% in the first quarter. Pinnacle Associates Ltd. now owns 356,011 shares of the electronics maker’s stock valued at $16,654,000 after purchasing an additional 80,105 shares during the period. Hedge funds and other institutional investors own 47.45% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on VICR. Needham & Company LLC set a $90.00 price objective on shares of Vicor and gave the stock a “buy” rating in a research note on Wednesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vicor in a report on Friday. Wall Street Zen upgraded Vicor from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Finally, Craig Hallum raised Vicor from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a research report on Wednesday. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $90.00.

Vicor Company Profile

Vicor Corporation, together with its subsidiaries, designs, develops, manufactures, and markets modular power components and power systems for converting electrical power in the United States, Europe, the Asia Pacific, and internationally. The company offers a range of brick-format DC-DC converters; complementary components provide AC line rectification, input filtering, power factor correction, and transient protection; and input and output voltage, and output power products, as well as electrical and mechanical accessories.