Vicor Corporation (NASDAQ:VICR – Get Free Report) VP Philip Davies sold 3,072 shares of Vicor stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $321.69, for a total value of $988,231.68. Following the completion of the transaction, the vice president owned 1,920 shares of the company’s stock, valued at approximately $617,644.80. The trade was a 61.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Vicor Trading Down 7.4%
Shares of VICR opened at $306.12 on Friday. The firm has a market cap of $13.95 billion, a price-to-earnings ratio of 102.38 and a beta of 2.36. The stock has a 50 day moving average of $243.97 and a 200-day moving average of $176.74. Vicor Corporation has a 52 week low of $41.76 and a 52 week high of $361.89.
Vicor (NASDAQ:VICR – Get Free Report) last issued its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 EPS for the quarter, topping the consensus estimate of $0.40 by $0.04. The company had revenue of $112.97 million during the quarter, compared to analyst estimates of $109.05 million. Vicor had a return on equity of 20.21% and a net margin of 28.98%.The business’s revenue was up 20.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.06 EPS. On average, sell-side analysts predict that Vicor Corporation will post 2.71 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Read Our Latest Stock Analysis on Vicor
Institutional Trading of Vicor
Hedge funds have recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd bought a new stake in Vicor during the 3rd quarter valued at $352,000. Colrain Capital LLC raised its stake in Vicor by 10.4% during the 3rd quarter. Colrain Capital LLC now owns 254,140 shares of the electronics maker’s stock valued at $12,636,000 after acquiring an additional 23,940 shares in the last quarter. Public Sector Pension Investment Board raised its stake in Vicor by 13.4% during the 3rd quarter. Public Sector Pension Investment Board now owns 89,312 shares of the electronics maker’s stock valued at $4,441,000 after acquiring an additional 10,532 shares in the last quarter. Intech Investment Management LLC raised its stake in Vicor by 36.6% during the 3rd quarter. Intech Investment Management LLC now owns 29,786 shares of the electronics maker’s stock valued at $1,481,000 after acquiring an additional 7,985 shares in the last quarter. Finally, Range Financial Group LLC bought a new stake in Vicor during the 4th quarter valued at $1,537,000. Institutional investors own 47.45% of the company’s stock.
About Vicor
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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