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

Vicor Corporation (NASDAQ:VICR - Get Free Report) Director Andrew D'amico sold 5,813 shares of the business's stock in a transaction that occurred 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 completion of the sale, the director directly owned 1,217 shares in the company, valued at approximately $76,671. The trade was a 82.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Vicor Trading Down 1.6%

NASDAQ:VICR traded down $0.74 during trading hours on Friday, hitting $46.41. The company's stock had a trading volume of 420,538 shares, compared to its average volume of 378,550. Vicor Corporation has a 52-week low of $34.27 and a 52-week high of $65.70. The stock has a market capitalization of $2.10 billion, a P/E ratio of 31.79 and a beta of 1.75. The stock has a fifty day moving average of $45.19 and a 200-day moving average of $48.39.

Vicor (NASDAQ:VICR - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The electronics maker reported $0.91 earnings per share (EPS) 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 analysts' expectations of $96.43 million. During the same period in the prior year, the firm posted $0.10 EPS. The business's quarterly revenue was up 64.3% compared to the same quarter last year.

Institutional Trading of Vicor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VICR. State of Alaska Department of Revenue boosted its holdings in shares of Vicor by 7.7% in the 2nd quarter. State of Alaska Department of Revenue now owns 13,745 shares of the electronics maker's stock valued at $623,000 after buying an additional 977 shares in the last quarter. Chapin Davis Inc. lifted its position in Vicor by 23.0% in the second quarter. Chapin Davis Inc. now owns 44,900 shares of the electronics maker's stock valued at $2,037,000 after acquiring an additional 8,400 shares during the last quarter. Cullen Investment Group LTD. acquired a new position in Vicor in the second quarter valued at $202,000. Voya Investment Management LLC grew its holdings in shares of Vicor by 22.5% during the first quarter. Voya Investment Management LLC now owns 14,655 shares of the electronics maker's stock worth $686,000 after purchasing an additional 2,695 shares during the last quarter. Finally, Strs Ohio acquired a new stake in shares of Vicor during the first quarter worth about $56,000. Institutional investors and hedge funds own 47.45% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Needham & Company LLC restated a "hold" rating on shares of Vicor in a report on Wednesday. Wall Street Zen raised shares of Vicor from a "hold" rating to a "buy" rating in a report on Saturday.

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.