Robert Gendron Sells 2,795 Shares of Vicor (NASDAQ:VICR) Stock

Vicor Corporation (NASDAQ:VICR) VP Robert Gendron sold 2,795 shares of the firm’s stock in a transaction on Friday, October 24th. The shares were sold at an average price of $90.50, for a total transaction of $252,947.50. Following the sale, the vice president owned 5,374 shares in the company, valued at approximately $486,347. This trade represents a 34.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Robert Gendron also recently made the following trade(s):

• On Monday, October 27th, Robert Gendron sold 1,321 shares of Vicor stock. The shares were sold at an average price of $92.00, for a total transaction of $121,532.00.
• On Thursday, October 23rd, Robert Gendron sold 2,116 shares of Vicor stock. The shares were sold at an average price of $88.68, for a total transaction of $187,646.88.

Vicor Stock Performance

Vicor stock opened at $91.17 on Thursday. The firm’s fifty day moving average price is $56.58 and its 200-day moving average price is $49.31. The stock has a market cap of $4.10 billion, a P/E ratio of 49.82 and a beta of 1.73. Vicor Corporation has a fifty-two week low of $38.92 and a fifty-two week high of $96.58.

Vicor (NASDAQ:VICR) last posted its quarterly earnings data on Tuesday, October 21st. The electronics maker reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.43. The firm had revenue of $110.42 million for the quarter, compared to analysts’ expectations of $95.40 million. Vicor had a net margin of 18.63% and a return on equity of 13.77%. The business’s quarterly revenue was up 18.5% on a year-over-year basis. During the same quarter last year, the company posted $0.26 EPS.

Hedge Funds Weigh In On Vicor

Hedge funds have recently modified their holdings of the company. Optimum Investment Advisors purchased a new position in shares of Vicor in the first quarter valued at about $26,000. Nisa Investment Advisors LLC increased its position in shares of Vicor by 53.4% in the third quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker’s stock valued at $30,000 after acquiring an additional 210 shares during the period. Manchester Capital Management LLC increased its position in shares of Vicor by 76.8% in the first quarter. Manchester Capital Management LLC now owns 610 shares of the electronics maker’s stock valued at $29,000 after acquiring an additional 265 shares during the period. Strs Ohio purchased a new position in shares of Vicor in the first quarter valued at about $56,000. Finally, KBC Group NV purchased a new position in shares of Vicor in the first quarter valued at about $57,000. Hedge funds and other institutional investors own 47.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Wall Street Zen upgraded shares of Vicor from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Needham & Company LLC set a $90.00 target price on shares of Vicor and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Vicor in a research report on Wednesday, October 8th. Finally, Craig Hallum upgraded shares of Vicor from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a research report on Wednesday, October 22nd. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $90.00.

Vicor Company Profile

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.