Robert Gendron Sells 5,374 Shares of Vicor (NASDAQ:VICR) Stock

Vicor Corporation (NASDAQ:VICR) VP Robert Gendron sold 5,374 shares of the business’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $94.00, for a total transaction of $505,156.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Robert Gendron also recently made the following trade(s):

• On Monday, October 27th, Robert Gendron sold 1,321 shares of Vicor stock. The stock was sold at an average price of $92.00, for a total value of $121,532.00.
• On Friday, October 24th, Robert Gendron sold 2,795 shares of Vicor stock. The shares were sold at an average price of $90.50, for a total value of $252,947.50.
• On Thursday, October 23rd, Robert Gendron sold 2,116 shares of Vicor stock. The shares were sold at an average price of $88.68, for a total value of $187,646.88.

Vicor Stock Down 1.8%

Shares of NASDAQ:VICR opened at $87.43 on Friday. Vicor Corporation has a 52-week low of $38.92 and a 52-week high of $96.58. The stock has a market cap of $3.93 billion, a price-to-earnings ratio of 47.78 and a beta of 1.81. The business has a 50-day moving average price of $62.20 and a 200-day moving average price of $51.44.

Vicor (NASDAQ:VICR) last issued its earnings results on Tuesday, October 21st. The electronics maker reported $0.63 EPS 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 firm had revenue of $110.42 million for the quarter, compared to analyst estimates of $95.40 million. During the same quarter in the prior year, the firm earned $0.26 earnings per share. Vicor’s revenue for the quarter was up 18.5% on a year-over-year basis.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Wall Street Zen raised shares of Vicor from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Weiss Ratings restated a “hold (c)” rating on shares of Vicor in a research report on Wednesday, October 8th. Needham & Company LLC set a $90.00 price target on Vicor and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Finally, Craig Hallum raised Vicor from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a research report on Wednesday, October 22nd. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $90.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Optimum Investment Advisors purchased a new stake in shares of Vicor during the 1st quarter worth about $26,000. Nisa Investment Advisors LLC raised its holdings in Vicor by 53.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker’s stock worth $30,000 after purchasing an additional 210 shares during the period. Manchester Capital Management LLC boosted its position in Vicor by 76.8% during the first quarter. Manchester Capital Management LLC now owns 610 shares of the electronics maker’s stock worth $29,000 after purchasing an additional 265 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in Vicor by 13.7% in the third quarter. PNC Financial Services Group Inc. now owns 1,129 shares of the electronics maker’s stock valued at $56,000 after purchasing an additional 136 shares during the period. Finally, Strs Ohio purchased a new stake in shares of Vicor in the first quarter valued at approximately $56,000. Hedge funds and other institutional investors own 47.45% of the company’s stock.

About Vicor

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.