Vicor Corporation (NASDAQ:VICR – Get Free Report) VP Claudio Tuozzolo sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $328.41, for a total transaction of $985,230.00. Following the completion of the transaction, the vice president owned 13,240 shares of the company’s stock, valued at $4,348,148.40. This trade represents a 18.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Claudio Tuozzolo also recently made the following trade(s):
- On Friday, April 24th, Claudio Tuozzolo sold 11,035 shares of Vicor stock. The stock was sold at an average price of $270.50, for a total transaction of $2,984,967.50.
Vicor Stock Up 0.2%
VICR stock traded up $0.83 during trading on Thursday, hitting $346.67. The company had a trading volume of 282,877 shares, compared to its average volume of 836,037. The firm has a 50-day moving average price of $226.39 and a 200-day moving average price of $166.66. Vicor Corporation has a 12 month low of $41.76 and a 12 month high of $361.89. The stock has a market cap of $15.80 billion, a price-to-earnings ratio of 116.01 and a beta of 2.33.
Wall Street Analysts Forecast Growth
Several analysts have commented on VICR shares. 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. Zacks Research raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. Needham & Company LLC boosted their price target on shares of Vicor from $260.00 to $350.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Wall Street Zen lowered shares of Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $228.33.
Check Out Our Latest Report on VICR
Hedge Funds Weigh In On Vicor
Several institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada boosted its stake in Vicor by 6.0% in the 1st quarter. Royal Bank of Canada now owns 15,167 shares of the electronics maker’s stock worth $709,000 after purchasing an additional 857 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Vicor by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,537 shares of the electronics maker’s stock worth $633,000 after purchasing an additional 563 shares during the period. Millennium Management LLC boosted its stake in Vicor by 4,634.5% in the 1st quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock worth $12,379,000 after purchasing an additional 259,022 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Vicor by 38.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 41,541 shares of the electronics maker’s stock worth $1,943,000 after purchasing an additional 11,525 shares during the period. Finally, Acadian Asset Management LLC boosted its stake in Vicor by 56.1% in the 1st quarter. Acadian Asset Management LLC now owns 8,860 shares of the electronics maker’s stock worth $413,000 after purchasing an additional 3,184 shares during the period. Institutional investors and hedge funds own 47.45% of the company’s stock.
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.
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