Vicor (NASDAQ:VICR) VP Sells $114,665.00 in Stock

Vicor Corporation (NASDAQ:VICR) VP Nancy Grava sold 323 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $355.00, for a total transaction of $114,665.00. Following the sale, the vice president directly owned 323 shares of the company’s stock, valued at approximately $114,665. This represents a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Vicor Trading Down 2.1%

Shares of NASDAQ VICR opened at $334.84 on Friday. Vicor Corporation has a 12-month low of $41.76 and a 12-month high of $361.89. The stock has a market cap of $15.26 billion, a PE ratio of 111.99 and a beta of 2.33. The company has a 50-day moving average of $232.17 and a 200 day moving average of $169.62.

Vicor (NASDAQ:VICR) last announced its quarterly earnings data on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.04. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The company had revenue of $112.97 million during the quarter, compared to analysts’ expectations of $109.05 million. During the same quarter in the prior year, the company earned $0.06 EPS. Vicor’s revenue was up 20.2% compared to the same quarter last year. On average, sell-side analysts forecast that Vicor Corporation will post 2.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on VICR shares. Zacks Research raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Needham & Company LLC increased their price target on shares of Vicor from $260.00 to $350.00 and gave the company a “buy” rating in a research note on Tuesday. Wall Street Zen cut shares of Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Finally, Roth Mkm reissued a “buy” rating and issued a $245.00 price target on shares of Vicor in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $228.33.

Hedge Funds Weigh In On Vicor

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Vicor by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 2,534,534 shares of the electronics maker’s stock worth $277,785,000 after purchasing an additional 60,963 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Vicor by 39.6% during the 1st quarter. The Manufacturers Life Insurance Company now owns 603,364 shares of the electronics maker’s stock worth $97,142,000 after purchasing an additional 171,175 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Vicor by 4.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 578,515 shares of the electronics maker’s stock worth $28,759,000 after purchasing an additional 25,393 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of Vicor by 43.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 536,274 shares of the electronics maker’s stock worth $86,340,000 after purchasing an additional 162,186 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Vicor by 1,542.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 439,820 shares of the electronics maker’s stock worth $48,205,000 after purchasing an additional 413,038 shares during the period. Hedge funds and other institutional investors own 47.45% of the company’s stock.

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.