Vicor (NASDAQ:VICR) CAO Quentin Fendelet Sells 2,000 Shares

Vicor Corporation (NASDAQ:VICR) CAO Quentin Fendelet sold 2,000 shares of the stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $177.72, for a total transaction of $355,440.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Vicor Price Performance

NASDAQ VICR traded up $15.27 during trading on Tuesday, hitting $187.07. 613,297 shares of the company’s stock traded hands, compared to its average volume of 670,209. The firm has a market cap of $8.35 billion, a P/E ratio of 71.67 and a beta of 1.90. The stock has a fifty day moving average of $141.43 and a two-hundred day moving average of $93.99. Vicor Corporation has a 12-month low of $38.92 and a 12-month high of $189.00.

Vicor (NASDAQ:VICR) last issued its earnings results on Thursday, February 19th. The electronics maker reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.63. The company had revenue of $107.26 million during the quarter, compared to analysts’ expectations of $107.78 million. Vicor had a return on equity of 18.73% and a net margin of 26.19%.Vicor’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.23 EPS.

Wall Street Analysts Forecast Growth

VICR has been the subject of several analyst reports. Zacks Research raised shares of Vicor to a “hold” rating in a research report on Tuesday, December 16th. Roth Mkm reaffirmed a “buy” rating and set a $175.00 price target on shares of Vicor in a research report on Thursday, January 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Vicor in a research note on Wednesday, January 21st. Finally, Wall Street Zen lowered Vicor from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 23rd. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $118.33.

Institutional Investors Weigh In On Vicor

Hedge funds have recently made changes to their positions in the company. Invesco Ltd. raised its holdings in Vicor by 125.8% in the fourth quarter. Invesco Ltd. now owns 148,659 shares of the electronics maker’s stock worth $16,293,000 after purchasing an additional 82,831 shares in the last quarter. Corient Private Wealth LLC increased its stake in shares of Vicor by 3.9% in the 4th quarter. Corient Private Wealth LLC now owns 4,861 shares of the electronics maker’s stock worth $533,000 after acquiring an additional 184 shares in the last quarter. State of Tennessee Department of Treasury increased its stake in shares of Vicor by 10.5% in the 4th quarter. State of Tennessee Department of Treasury now owns 14,615 shares of the electronics maker’s stock worth $1,602,000 after acquiring an additional 1,388 shares in the last quarter. Empowered Funds LLC purchased a new position in Vicor during the 4th quarter valued at about $81,000. Finally, XTX Topco Ltd boosted its stake in Vicor by 35.5% during the fourth quarter. XTX Topco Ltd now owns 9,543 shares of the electronics maker’s stock worth $1,046,000 after acquiring an additional 2,498 shares in the last quarter. 47.45% of the stock is currently owned by institutional investors.

Vicor Company Profile

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.