Vicor Corporation (NASDAQ:VICR – Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $197.91, but opened at $182.24. Vicor shares last traded at $185.1010, with a volume of 103,605 shares changing hands.
Wall Street Analysts Forecast Growth
VICR has been the subject of several research analyst reports. Needham & Company LLC reduced their price target on shares of Vicor from $400.00 to $320.00 and set a “buy” rating for the company in a research report on Tuesday, July 21st. Craig Hallum lifted their price objective on Vicor to $450.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Roth Capital boosted 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 upgraded Vicor from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, September 3rd. Finally, Zacks Research cut Vicor from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 2nd. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $381.67.
Get Our Latest Research Report on Vicor
Vicor Trading Down 7.1%
Vicor (NASDAQ:VICR – Get Free Report) last released its earnings results on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.39. The business had revenue of $143.35 million during the quarter, compared to analyst estimates of $138.37 million. Vicor had a net margin of 30.65% and a return on equity of 19.83%. The company’s revenue for the quarter was up 49.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.91 earnings per share. Equities analysts expect that Vicor Corporation will post 3.28 EPS for the current year.
Insider Transactions at Vicor
In related news, CEO Patrizio Vinciarelli sold 20,000 shares of the business’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $323.05, for a total transaction of $6,461,000.00. Following the transaction, the chief executive officer directly owned 8,428,090 shares in the company, valued at approximately $2,722,694,474.50. The trade was a 0.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Philip Davies sold 3,073 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $356.97, for a total transaction of $1,096,968.81. Following the sale, the vice president directly owned 1,920 shares of the company’s stock, valued at approximately $685,382.40. This represents a 61.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 157,536 shares of company stock worth $52,821,338 over the last 90 days. 28.30% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Vicor
A number of large investors have recently made changes to their positions in the stock. Royal Bank of Canada lifted its position in Vicor by 6.0% during the first quarter. Royal Bank of Canada now owns 15,167 shares of the electronics maker’s stock worth $709,000 after buying an additional 857 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Vicor by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,537 shares of the electronics maker’s stock valued at $633,000 after buying an additional 563 shares in the last quarter. Millennium Management LLC grew its holdings in Vicor by 4,634.5% in the 1st quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock valued at $12,379,000 after buying an additional 259,022 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Vicor by 38.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 41,541 shares of the electronics maker’s stock worth $1,943,000 after acquiring an additional 11,525 shares during the last quarter. Finally, Acadian Asset Management LLC increased its stake in shares of Vicor by 56.1% in the 1st quarter. Acadian Asset Management LLC now owns 8,860 shares of the electronics maker’s stock worth $413,000 after acquiring an additional 3,184 shares during the last quarter. 47.45% of the stock is currently owned by hedge funds and other institutional investors.
About Vicor
Vicor Corporation (NASDAQ: VICR) designs, manufactures and markets modular power components and power systems. The company’s products are used to convert, regulate and distribute electrical power in electronic systems, with an emphasis on high-density, efficient and scalable power-conversion technology.
Its portfolio includes AC-to-DC and DC-to-DC power modules, bus converters, point-of-load regulators, power accessories and complete power systems. Vicor’s Factorized Power Architecture separates power conversion, transformation and regulation functions to help customers address power-density, thermal-management and system-design requirements.
Vicor serves customers in markets including data centers and communications infrastructure, automotive and transportation, aerospace and defense, industrial equipment, and other high-performance electronics applications.
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