Vicor (NASDAQ:VICR) CAO Sells $1,502,674.77 in Stock

Vicor Corporation (NASDAQ:VICR – Get Free Report) CAO Quentin Fendelet sold 5,059 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $297.03, for a total transaction of $1,502,674.77. Following the sale, the chief accounting officer directly owned 4,963 shares in the company, valued at $1,474,159.89. This trade represents a 50.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Vicor Price Performance

VICR traded down $33.02 during mid-day trading on Tuesday, hitting $279.94. The stock had a trading volume of 931,838 shares, compared to its average volume of 822,161. Vicor Corporation has a 1-year low of $40.54 and a 1-year high of $313.52. The stock’s fifty day simple moving average is $202.49 and its 200-day simple moving average is $150.34. The firm has a market capitalization of $12.76 billion, a price-to-earnings ratio of 93.63 and a beta of 2.33.

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Vicor (NASDAQ:VICR – Get Free Report) last issued its quarterly earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.04. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The firm had revenue of $112.97 million for the quarter, compared to analyst estimates of $109.05 million. During the same period in the previous year, the business earned $0.06 EPS. The company’s revenue was up 20.2% compared to the same quarter last year. As a group, research analysts expect that Vicor Corporation will post 2.71 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vicor

Several hedge funds and other institutional investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company increased its position in Vicor by 3,918.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 432,189 shares of the electronics maker’s stock worth $47,368,000 after purchasing an additional 421,435 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Vicor by 1,542.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 439,820 shares of the electronics maker’s stock worth $48,205,000 after purchasing an additional 413,038 shares in the last quarter. Millennium Management LLC increased its position in Vicor by 4,634.5% during 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 in the last quarter. Arrowstreet Capital Limited Partnership increased its position in Vicor by 1,921.4% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 267,882 shares of the electronics maker’s stock valued at $13,319,000 after acquiring an additional 254,630 shares during the period. Finally, CIBC Bancorp USA Inc. acquired a new position in Vicor in the 3rd quarter valued at approximately $12,625,000. 47.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on VICR shares. Zacks Research raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vicor in a report on Wednesday, January 21st. Wall Street Zen cut shares of Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Needham & Company LLC lifted their price objective on shares of Vicor from $180.00 to $260.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Finally, Roth Mkm reiterated a “buy” rating and issued a $245.00 price objective on shares of Vicor in a research note on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Vicor presently has a consensus rating of “Buy” and an average price target of $198.33.

Check Out Our Latest Research Report on VICR

Vicor Company Profile

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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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