Vicor Corporation (NASDAQ:VICR – Get Free Report) Director Andrew D’amico sold 331 shares of the company’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $319.53, for a total transaction of $105,764.43. Following the completion of the sale, the director directly owned 200 shares in the company, valued at $63,906. This represents a 62.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Andrew D’amico also recently made the following trade(s):
- On Thursday, June 25th, Andrew D’amico sold 200 shares of Vicor stock. The shares were sold at an average price of $336.82, for a total transaction of $67,364.00.
- On Tuesday, June 23rd, Andrew D’amico sold 754 shares of Vicor stock. The stock was sold at an average price of $330.00, for a total value of $248,820.00.
- On Monday, June 22nd, Andrew D’amico sold 1,216 shares of Vicor stock. The stock was sold at an average price of $360.77, for a total transaction of $438,696.32.
- On Thursday, May 14th, Andrew D’amico sold 800 shares of Vicor stock. The stock was sold at an average price of $315.35, for a total transaction of $252,280.00.
- On Wednesday, May 13th, Andrew D’amico sold 1,200 shares of Vicor stock. The shares were sold at an average price of $312.31, for a total value of $374,772.00.
- On Tuesday, May 12th, Andrew D’amico sold 565 shares of Vicor stock. The shares were sold at an average price of $303.03, for a total value of $171,211.95.
- On Monday, May 4th, Andrew D’amico sold 7,512 shares of Vicor stock. The stock was sold at an average price of $252.89, for a total transaction of $1,899,709.68.
- On Monday, April 27th, Andrew D’amico sold 800 shares of Vicor stock. The shares were sold at an average price of $277.00, for a total transaction of $221,600.00.
Vicor Stock Up 10.3%
Shares of Vicor stock traded up $33.80 during trading hours on Monday, reaching $360.73. 539,022 shares of the stock traded hands, compared to its average volume of 842,791. The firm has a market capitalization of $16.44 billion, a price-to-earnings ratio of 120.00 and a beta of 2.36. The company has a 50 day moving average price of $290.25 and a 200 day moving average price of $202.01. Vicor Corporation has a one year low of $41.76 and a one year high of $369.40.
Hedge Funds Weigh In On Vicor
Several institutional investors have recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Vicor during the 3rd quarter valued at about $352,000. Intech Investment Management LLC grew its position in Vicor by 36.6% in the third quarter. Intech Investment Management LLC now owns 29,786 shares of the electronics maker’s stock worth $1,481,000 after acquiring an additional 7,985 shares in the last quarter. Range Financial Group LLC purchased a new position in Vicor in the fourth quarter worth about $1,537,000. Convergence Investment Partners LLC bought a new stake in Vicor during the fourth quarter worth approximately $1,631,000. Finally, Chicago Capital LLC bought a new stake in Vicor during the fourth quarter worth approximately $771,000. Hedge funds and other institutional investors own 47.45% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on VICR shares. Roth Mkm upped their price objective on Vicor from $285.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Weiss Ratings reissued a “hold (c+)” rating on shares of Vicor in a report on Monday, June 1st. Wall Street Zen downgraded Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Craig Hallum lifted their price objective on shares of Vicor to $450.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Finally, Needham & Company LLC boosted their target price on shares of Vicor to $400.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $408.33.
Check Out Our Latest Research 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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