Andrew D'amico Sells 5,813 Shares of Vicor Corporation (NASDAQ:VICR) Stock

Vicor Corporation (NASDAQ:VICR - Get Free Report) Director Andrew D'amico sold 5,813 shares of the firm's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $63.00, for a total value of $366,219.00. Following the transaction, the director directly owned 1,217 shares of the company's stock, valued at $76,671. This represents a 82.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Vicor Price Performance

Shares of NASDAQ:VICR traded down $0.44 during mid-day trading on Monday, reaching $45.97. 467,173 shares of the company traded hands, compared to its average volume of 282,166. Vicor Corporation has a 52 week low of $34.27 and a 52 week high of $65.70. The firm has a market cap of $2.08 billion, a PE ratio of 31.49 and a beta of 1.75. The company's 50 day moving average price is $45.19 and its 200-day moving average price is $48.38.

Vicor (NASDAQ:VICR - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The electronics maker reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.73. Vicor had a return on equity of 11.32% and a net margin of 15.44%. The business had revenue of $141.05 million during the quarter, compared to the consensus estimate of $96.43 million. During the same period in the prior year, the company posted $0.10 EPS. The firm's revenue for the quarter was up 64.3% compared to the same quarter last year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on VICR shares. Needham & Company LLC restated a "hold" rating on shares of Vicor in a research note on Wednesday, July 23rd. Wall Street Zen upgraded Vicor from a "hold" rating to a "buy" rating in a research note on Saturday.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Prescott Group Capital Management L.L.C. grew its holdings in shares of Vicor by 35.5% in the fourth quarter. Prescott Group Capital Management L.L.C. now owns 121,280 shares of the electronics maker's stock valued at $5,860,000 after purchasing an additional 31,774 shares in the last quarter. Swiss National Bank lifted its position in Vicor by 2.5% in the fourth quarter. Swiss National Bank now owns 45,932 shares of the electronics maker's stock worth $2,219,000 after buying an additional 1,100 shares during the last quarter. Commonwealth Equity Services LLC bought a new stake in Vicor in the fourth quarter worth $231,000. American Century Companies Inc. lifted its position in Vicor by 20.0% in the fourth quarter. American Century Companies Inc. now owns 8,076 shares of the electronics maker's stock worth $390,000 after buying an additional 1,344 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in Vicor in the fourth quarter worth $227,000. 47.45% of the stock is currently owned by institutional investors.

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.