Vicor (NASDAQ:VICR) VP Nancy Grava Sells 5,412 Shares of Stock

Vicor Corporation (NASDAQ:VICR) VP Nancy Grava sold 5,412 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $265.00, for a total transaction of $1,434,180.00. Following the completion of the sale, the vice president directly owned 508 shares in the company, valued at $134,620. This represents a 91.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Vicor Stock Down 6.8%

Shares of NASDAQ VICR opened at $261.34 on Friday. The stock has a market capitalization of $11.86 billion, a PE ratio of 87.40 and a beta of 2.33. The firm has a fifty day moving average of $199.16 and a 200-day moving average of $147.20. Vicor Corporation has a 52-week low of $40.54 and a 52-week high of $293.95.

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

Analysts Set New Price Targets

VICR has been the subject of a number of recent analyst reports. Needham & Company LLC raised their price target on shares of Vicor from $180.00 to $260.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Vicor in a research report on Wednesday, January 21st. Roth Mkm restated a “buy” rating and set a $245.00 target price on shares of Vicor in a research note on Monday, April 20th. Wall Street Zen lowered Vicor from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Finally, Zacks Research upgraded Vicor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. One 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 data from MarketBeat.com, Vicor presently has a consensus rating of “Buy” and an average price target of $198.33.

Hedge Funds Weigh In On Vicor

Large investors have recently added to or reduced their stakes in the company. Federated Hermes Inc. bought a new stake in Vicor during the fourth quarter valued at $27,000. Nisa Investment Advisors LLC lifted its position in shares of Vicor by 53.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker’s stock worth $30,000 after buying an additional 210 shares during the last quarter. Harbour Investments Inc. acquired a new position in shares of Vicor in the 4th quarter valued at about $32,000. Allworth Financial LP boosted its holdings in shares of Vicor by 960.0% in the 4th quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock valued at $35,000 after buying an additional 288 shares during the period. Finally, NBC Securities Inc. bought a new stake in shares of Vicor during the 4th quarter valued at about $36,000. 47.45% of the stock is currently owned by institutional investors.

About Vicor

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.