Vicor Corporation (NASDAQ:VICR – Get Free Report) VP Philip Davies sold 3,073 shares of the stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $183.26, for a total value of $563,157.98. Following the transaction, the vice president owned 1,920 shares of the company’s stock, valued at approximately $351,859.20. This trade represents a 61.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Vicor Trading Down 11.1%
VICR stock opened at $159.07 on Thursday. Vicor Corporation has a twelve month low of $80.29 and a twelve month high of $382.65. The company has a market capitalization of $7.34 billion, a P/E ratio of 46.86 and a beta of 2.45. The firm has a 50 day simple moving average of $223.19 and a 200-day simple moving average of $226.61.
Vicor (NASDAQ:VICR – Get Free Report) last issued its quarterly earnings results on Tuesday, October 20th. The electronics maker reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.01. The business had revenue of $197.11 million during the quarter, compared to analyst estimates of $187.03 million. Vicor had a net margin of 32.15% and a return on equity of 22.49%. The business’s revenue was up 78.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.63 earnings per share. On average, research analysts predict that Vicor Corporation will post 3.94 EPS for the current year.
Institutional Investors Weigh In On Vicor
A number of institutional investors have recently made changes to their positions in the company. GoalVest Advisory LLC grew its holdings in shares of Vicor by 23.5% during the second quarter. GoalVest Advisory LLC now owns 321 shares of the electronics maker’s stock valued at $122,000 after purchasing an additional 61 shares during the last quarter. Carolina Wealth Advisors LLC raised its position in shares of Vicor by 70.9% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 147 shares of the electronics maker’s stock worth $56,000 after purchasing an additional 61 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Vicor by 1.2% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,692 shares of the electronics maker’s stock worth $916,000 after purchasing an additional 68 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings in shares of Vicor by 60.6% in the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 212 shares of the electronics maker’s stock worth $61,000 after purchasing an additional 80 shares during the last quarter. Finally, Pictet Asset Management Holding SA lifted its holdings in shares of Vicor by 2.5% in the 3rd quarter. Pictet Asset Management Holding SA now owns 3,693 shares of the electronics maker’s stock worth $1,067,000 after purchasing an additional 89 shares during the last quarter. 47.45% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
VICR has been the subject of several recent analyst reports. Roth Capital set a $360.00 price objective on shares of Vicor in a report on Wednesday, October 21st. Weiss Ratings raised shares of Vicor from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, October 27th. Wall Street Zen lowered shares of Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, October 24th. Zacks Research raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 1st. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $350.00 price target on shares of Vicor in a research report on Tuesday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $386.67.
Get Our Latest Stock Analysis on VICR
Vicor Company Profile
Vicor Corporation (NASDAQ: VICR) designs, develops, manufactures and markets modular power components and systems. The company’s products convert, regulate and distribute electrical power for electronic equipment, with an emphasis on high-performance, compact and efficient power solutions.
Its portfolio includes AC-to-DC and DC-to-DC converters, regulators, power modules, power distribution components and complete power systems. Vicor’s technologies include its Factorized Power Architecture and high-density ChiP packaging, which are designed to help engineers manage power more efficiently while reducing the size and complexity of electronic systems.
Vicor serves customers in industries such as data centers and computing, telecommunications, automotive, aerospace and defense, industrial equipment, and consumer electronics.
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