Vicor Corporation (NASDAQ:VICR – Get Free Report) CFO James Schmidt sold 2,124 shares of Vicor stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $360.60, for a total value of $765,914.40. Following the completion of the sale, the chief financial officer owned 1,216 shares of the company’s stock, valued at $438,489.60. The trade was a 63.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Vicor Price Performance
Vicor stock traded down $34.86 during midday trading on Tuesday, reaching $330.67. 750,450 shares of the company traded hands, compared to its average volume of 819,573. The firm has a market capitalization of $15.07 billion, a price-to-earnings ratio of 110.59 and a beta of 2.36. The business has a 50 day moving average of $279.03 and a two-hundred day moving average of $195.43. Vicor Corporation has a 12 month low of $41.76 and a 12 month high of $369.40.
Vicor (NASDAQ:VICR – Get Free Report) last posted its quarterly earnings data on Tuesday, April 21st. The electronics maker reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. Vicor had a return on equity of 20.21% and a net margin of 28.98%.The company had revenue of $112.97 million during the quarter, compared to analysts’ expectations of $109.05 million. During the same quarter in the prior year, the business earned $0.06 earnings per share. Vicor’s revenue for the quarter was up 20.2% compared to the same quarter last year. As a group, equities analysts forecast that Vicor Corporation will post 2.71 EPS for the current year.
Hedge Funds Weigh In On Vicor
Analyst Ratings Changes
A number of brokerages have recently issued reports on VICR. Weiss Ratings reissued a “hold (c+)” rating on shares of Vicor in a research report on Monday, June 1st. Craig Hallum boosted their price target on Vicor to $450.00 and gave the company a “buy” rating in a report on Monday. Wall Street Zen cut Vicor from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Needham & Company LLC increased their target price on shares of Vicor to $400.00 and gave the stock a “buy” rating in a report on Monday. Finally, Zacks Research upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Vicor currently has an average rating of “Buy” and an average price target of $408.33.
View Our Latest Stock Report on Vicor
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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