Vicor (NASDAQ:VICR) Stock: Insider Philip Davies Sells 3,073 Shares

Vicor Corporation (NASDAQ:VICR) VP Philip Davies sold 3,073 shares of the business’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $183.26, for a total value of $563,157.98. Following the completion of the sale, the vice president owned 1,920 shares of the company’s stock, valued at $351,859.20. This trade represents a 61.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Vicor Stock Up 2.6%

Shares of VICR stock traded up $4.54 during trading hours on Tuesday, hitting $179.51. 309,551 shares of the company’s stock were exchanged, compared to its average volume of 875,246. The firm has a market cap of $8.28 billion, a P/E ratio of 46.87 and a beta of 2.37. The firm has a 50 day moving average of $224.12 and a two-hundred day moving average of $226.37. Vicor Corporation has a fifty-two week low of $80.29 and a fifty-two week high of $382.65.

Vicor (NASDAQ:VICR) last released its quarterly earnings results on Tuesday, October 20th. The electronics maker reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.01. Vicor had a net margin of 32.15% and a return on equity of 22.49%. The firm had revenue of $197.11 million for the quarter, compared to analysts’ expectations of $187.03 million. During the same quarter last year, the company earned $0.63 EPS. The firm’s revenue for the quarter was up 78.5% compared to the same quarter last year. On average, equities analysts forecast that Vicor Corporation will post 3.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on VICR shares. Weiss Ratings raised shares of Vicor from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, October 27th. Needham & Company LLC restated a “buy” rating and issued a $350.00 target price on shares of Vicor in a research report on Tuesday, October 20th. Roth Capital set a $360.00 price target on Vicor in a research note on Wednesday, October 21st. Wall Street Zen lowered Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, October 24th. Finally, Zacks Research upgraded Vicor from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 1st. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Vicor currently has a consensus rating of “Buy” and an average target price of $386.67.

Hedge Funds Weigh In On Vicor

A number of institutional investors and hedge funds have recently bought and sold shares of VICR. Fortitude Family Office LLC increased its holdings in shares of Vicor by 1,244.4% in the third quarter. Fortitude Family Office LLC now owns 121 shares of the electronics maker’s stock valued at $35,000 after purchasing an additional 112 shares during the last quarter. ROSS JOHNSON & Associates LLC lifted its position in Vicor by 13,750.0% during the first quarter. ROSS JOHNSON & Associates LLC now owns 277 shares of the electronics maker’s stock worth $45,000 after buying an additional 275 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in Vicor by 189.4% during the first quarter. Meeder Asset Management Inc. now owns 301 shares of the electronics maker’s stock worth $48,000 after buying an additional 197 shares during the last quarter. GK Wealth Management LLC acquired a new position in Vicor during the third quarter worth $52,000. Finally, Carolina Wealth Advisors LLC boosted its stake in Vicor by 70.9% during the second quarter. Carolina Wealth Advisors LLC now owns 147 shares of the electronics maker’s stock worth $56,000 after buying an additional 61 shares during the last quarter. 47.45% of the stock is currently owned by institutional investors and hedge funds.

Vicor Company Profile

Vicor Corporation (NASDAQ: VICR) designs, develops, manufactures and markets modular power components and systems. The company’s products convert, regulate and distribute electrical power for electronic equipment, with an emphasis on high-performance, compact and efficient power solutions.

Its portfolio includes AC-to-DC and DC-to-DC converters, regulators, power modules, power distribution components and complete power systems. Vicor’s technologies include its Factorized Power Architecture and high-density ChiP packaging, which are designed to help engineers manage power more efficiently while reducing the size and complexity of electronic systems.

Vicor serves customers in industries such as data centers and computing, telecommunications, automotive, aerospace and defense, industrial equipment, and consumer electronics.