Vicor Co. (NASDAQ:VICR) VP Alvaro Doyle Sells 427 Shares

Vicor Co. (NASDAQ:VICR) VP Alvaro Doyle sold 427 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $33.10, for a total transaction of $14,133.70. Following the completion of the sale, the vice president now directly owns 42 shares of the company’s stock, valued at $1,390.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Vicor Trading Down 0.3 %

NASDAQ VICR traded down $0.09 on Thursday, hitting $33.12. 22,618 shares of the company’s stock traded hands, compared to its average volume of 260,985. The firm has a market capitalization of $1.47 billion, a PE ratio of 33.21 and a beta of 1.53. The firm’s 50-day moving average price is $35.98 and its two-hundred day moving average price is $38.77. Vicor Co. has a 1-year low of $30.90 and a 1-year high of $98.38.

Vicor (NASDAQ:VICR) last posted its earnings results on Tuesday, April 23rd. The electronics maker reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.04). The firm had revenue of $83.80 million for the quarter, compared to analysts’ expectations of $84.83 million. Vicor had a net margin of 11.49% and a return on equity of 8.55%. Vicor’s revenue for the quarter was down 14.3% compared to the same quarter last year. During the same period last year, the firm earned $0.25 earnings per share.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on VICR shares. StockNews.com lowered shares of Vicor from a “hold” rating to a “sell” rating in a research note on Wednesday. Craig Hallum decreased their price target on shares of Vicor from $40.00 to $35.00 and set a “hold” rating on the stock in a research note on Wednesday, April 24th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Vicor in a research report on Wednesday, April 24th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of VICR. State Board of Administration of Florida Retirement System increased its stake in Vicor by 27.7% during the first quarter. State Board of Administration of Florida Retirement System now owns 8,161 shares of the electronics maker’s stock worth $312,000 after purchasing an additional 1,770 shares during the period. Susquehanna Fundamental Investments LLC purchased a new position in Vicor in the first quarter valued at approximately $264,000. Duality Advisers LP increased its stake in Vicor by 18.0% in the first quarter. Duality Advisers LP now owns 25,060 shares of the electronics maker’s stock valued at $958,000 after purchasing an additional 3,826 shares during the last quarter. GSA Capital Partners LLP increased its stake in Vicor by 31.3% in the first quarter. GSA Capital Partners LLP now owns 69,277 shares of the electronics maker’s stock valued at $2,649,000 after purchasing an additional 16,502 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its stake in Vicor by 32.2% in the first quarter. BNP Paribas Financial Markets now owns 93,612 shares of the electronics maker’s stock valued at $3,580,000 after purchasing an additional 22,797 shares during the last quarter. Institutional investors and hedge funds own 47.45% of the company’s stock.

About Vicor

Vicor Corporation, together with its subsidiaries, designs, develops, manufactures, and markets modular power components and power systems for converting electrical power in the United States, Europe, the Asia Pacific, and internationally. The company offers a range of brick-format DC-DC converters; complementary components provide AC line rectification, input filtering, power factor correction, and transient protection; and input and output voltage, and output power products, as well as electrical and mechanical accessories.