Andrew D'amico Sells 565 Shares of Vicor (NASDAQ:VICR) Stock

Key Points

• Director Andrew D'amico sold 565 shares of Vicor stock at an average price of $90.00, totaling $50,850.00, on October 23rd.
• Vicor's latest quarterly earnings revealed an EPS of $0.63, significantly exceeding the estimated $0.20, with revenues up 18.5% from the previous year.
• Analysts have assigned a "Moderate Buy" rating for Vicor, with a current average price target of $90.00.

Vicor Corporation (NASDAQ:VICR - Get Free Report) Director Andrew D'amico sold 565 shares of the business's stock in a transaction that occurred on Thursday, October 23rd. The shares were sold at an average price of $90.00, for a total transaction of $50,850.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Andrew D'amico also recently made the following trade(s):

• On Wednesday, October 22nd, Andrew D'amico sold 14,677 shares of Vicor stock. The stock was sold at an average price of $82.53, for a total transaction of $1,211,292.81.
• On Tuesday, October 21st, Andrew D'amico sold 1,000 shares of Vicor stock. The stock was sold at an average price of $68.00, for a total transaction of $68,000.00.

Vicor Price Performance

VICR stock traded down $2.21 on Friday, hitting $90.77. 712,351 shares of the company were exchanged, compared to its average volume of 329,877. Vicor Corporation has a twelve month low of $38.92 and a twelve month high of $96.58. The business's fifty day moving average is $53.15 and its two-hundred day moving average is $48.06. The stock has a market capitalization of $4.08 billion, a price-to-earnings ratio of 49.39 and a beta of 1.73.

Vicor (NASDAQ:VICR - Get Free Report) last issued its quarterly earnings results on Tuesday, October 21st. The electronics maker reported $0.63 EPS for the quarter, topping the consensus estimate of $0.20 by $0.43. Vicor had a net margin of 18.63% and a return on equity of 13.77%. The firm had revenue of $110.42 million during the quarter, compared to analyst estimates of $95.40 million. During the same quarter in the prior year, the business posted $0.26 earnings per share. Vicor's revenue for the quarter was up 18.5% compared to the same quarter last year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Cubist Systematic Strategies LLC purchased a new position in shares of Vicor in the first quarter valued at $1,160,000. Principal Financial Group Inc. boosted its stake in shares of Vicor by 2.5% in the first quarter. Principal Financial Group Inc. now owns 114,891 shares of the electronics maker's stock valued at $5,375,000 after purchasing an additional 2,766 shares during the period. Nuveen LLC purchased a new position in shares of Vicor in the first quarter valued at $8,024,000. Jacobs Levy Equity Management Inc. boosted its stake in shares of Vicor by 19.8% in the first quarter. Jacobs Levy Equity Management Inc. now owns 32,706 shares of the electronics maker's stock valued at $1,530,000 after purchasing an additional 5,408 shares during the period. Finally, KBC Group NV purchased a new position in shares of Vicor in the first quarter valued at $57,000. 47.45% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on VICR. Needham & Company LLC set a $90.00 price target on shares of Vicor and gave the stock a "buy" rating in a research report on Wednesday. Weiss Ratings reissued a "hold (c)" rating on shares of Vicor in a research report on Friday. Wall Street Zen raised shares of Vicor from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Finally, Craig Hallum raised shares of Vicor from a "hold" rating to a "buy" rating and set a $90.00 price objective for the company in a research report on Wednesday. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, Vicor presently has an average rating of "Moderate Buy" and an average target price of $90.00.

About Vicor

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.

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