Vicor Corp (VICR) Director Sells $180,300.00 in Stock
Vicor Corp (NASDAQ:VICR) Director Samuel J. Anderson sold 5,000 shares of the business’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $36.06, for a total value of $180,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
NASDAQ:VICR traded down $1.29 during mid-day trading on Thursday, reaching $36.60. 324,561 shares of the company’s stock traded hands, compared to its average volume of 227,274. Vicor Corp has a 12-month low of $28.75 and a 12-month high of $64.50. The company has a market cap of $1.29 billion, a PE ratio of 46.92 and a beta of 0.49.
Vicor (NASDAQ:VICR) last announced its quarterly earnings results on Tuesday, February 26th. The electronics maker reported $0.17 earnings per share (EPS) for the quarter. Vicor had a return on equity of 18.54% and a net margin of 10.99%. The company had revenue of $73.72 million for the quarter. Equities research analysts anticipate that Vicor Corp will post 0.41 earnings per share for the current fiscal year.
VICR has been the subject of a number of recent research reports. ValuEngine raised Vicor from a “hold” rating to a “buy” rating in a research note on Wednesday. BidaskClub raised Vicor from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, January 22nd. TheStreet lowered Vicor from a “b-” rating to a “c+” rating in a research note on Monday, February 25th. Finally, Northland Securities initiated coverage on Vicor in a research note on Wednesday, April 10th. They issued an “outperform” rating and a $36.00 target price for the company.
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Vicor Corporation designs, develops, manufactures, and markets modular power components and power systems for converting electrical power worldwide. It operates through Brick Business Unit, VI Chip, and Picor segments. The company offers a range of brick-format DC-DC converters and configurable products; complementary components; and input and output voltage, and output power products, as well as electrical and mechanical accessories.
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