Zmira Lavie Sells 908 Shares of Vicor (NASDAQ:VICR) Stock

Vicor Corporation (NASDAQ:VICRGet Free Report) Director Zmira Lavie sold 908 shares of Vicor stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $250.00, for a total value of $227,000.00. Following the transaction, the director directly owned 908 shares in the company, valued at approximately $227,000. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Vicor Trading Down 4.5%

VICR stock opened at $207.64 on Friday. The company has a market capitalization of $9.57 billion, a P/E ratio of 66.55 and a beta of 2.37. Vicor Corporation has a twelve month low of $45.79 and a twelve month high of $382.65. The business has a 50 day simple moving average of $262.16 and a 200-day simple moving average of $233.54.

Vicor (NASDAQ:VICRGet Free Report) last announced its earnings results on Tuesday, July 21st. The electronics maker reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.39. The business had revenue of $143.35 million for the quarter, compared to analysts’ expectations of $138.37 million. Vicor had a net margin of 30.65% and a return on equity of 19.83%. The company’s quarterly revenue was up 49.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.91 EPS. Research analysts predict that Vicor Corporation will post 3.12 EPS for the current fiscal year.

Hedge Funds Weigh In On Vicor

Institutional investors have recently bought and sold shares of the company. Andar Capital Management HK Ltd acquired a new position in shares of Vicor during the second quarter worth about $101,100,000. Vanguard Group Inc. lifted its position in Vicor by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 2,534,534 shares of the electronics maker’s stock valued at $277,785,000 after purchasing an additional 60,963 shares during the period. BlackRock Inc. purchased a new stake in Vicor in the 2nd quarter valued at approximately $934,612,000. The Manufacturers Life Insurance Company boosted its holdings in Vicor by 39.6% in the 1st quarter. The Manufacturers Life Insurance Company now owns 603,364 shares of the electronics maker’s stock valued at $97,142,000 after purchasing an additional 171,175 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Vicor by 4.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 578,515 shares of the electronics maker’s stock valued at $28,759,000 after purchasing an additional 25,393 shares in the last quarter. 47.45% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on VICR. Wall Street Zen lowered shares of Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Craig Hallum increased their target price on shares of Vicor to $450.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Needham & Company LLC lowered their price target on Vicor from $400.00 to $320.00 and set a “buy” rating on the stock in a report on Tuesday, July 21st. Weiss Ratings upgraded Vicor from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 6th. Finally, Roth Capital upped their price objective on Vicor from $285.00 to $375.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Vicor currently has an average rating of “Moderate Buy” and a consensus target price of $381.67.

Check Out Our Latest Research Report on Vicor

Vicor Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Vicor (NASDAQ:VICR)

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