Estia Eichten Sells 2,000 Shares of Vicor (NASDAQ:VICR) Stock

Key Points

• Director Estia Eichten sold 2,000 Vicor shares on March 13 at an average of $174 for $348,000, a 1.05% reduction that leaves them with 188,838 shares (valued about $32.86M); the sale was disclosed in an SEC filing.
• Vicor stock jumped about 6.8% to $184.29 on heavy volume (~749,524 shares), trading within a 52-week range of $38.92–$209.53 and carrying a market cap of roughly $8.23 billion.
• The company reported a sizable quarterly beat—$1.01 EPS vs $0.38 expected and $362.7M revenue vs $107.8M expected—while analysts' consensus is mostly "Buy" (average target ~$118.33) and several institutions have recently increased positions.

Vicor Corporation (NASDAQ:VICR - Get Free Report) Director Estia Eichten sold 2,000 shares of the firm's stock in a transaction on Friday, March 13th. The shares were sold at an average price of $174.00, for a total value of $348,000.00. Following the completion of the transaction, the director owned 188,838 shares in the company, valued at $32,857,812. The trade was a 1.05% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Vicor Trading Up 6.8%

VICR traded up $11.72 on Monday, hitting $184.29. 749,524 shares of the company's stock were exchanged, compared to its average volume of 730,628. Vicor Corporation has a fifty-two week low of $38.92 and a fifty-two week high of $209.53. The stock has a market cap of $8.23 billion, a price-to-earnings ratio of 70.64 and a beta of 1.83. The firm has a 50-day moving average price of $163.76 and a 200-day moving average price of $107.65.

Vicor (NASDAQ:VICR - Get Free Report) last issued its earnings results on Thursday, February 19th. The electronics maker reported $1.01 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.63. The business had revenue of $362.70 million during the quarter, compared to analysts' expectations of $107.78 million. Vicor had a net margin of 26.19% and a return on equity of 18.73%. The company's quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.23 earnings per share.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on VICR. Roth Mkm reissued a "buy" rating and issued a $175.00 target price on shares of Vicor in a research note on Thursday, January 22nd. Wall Street Zen lowered Vicor from a "strong-buy" rating to a "buy" rating in a research report on Sunday, November 23rd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Vicor in a report on Wednesday, January 21st. Finally, Zacks Research upgraded Vicor from a "hold" rating to a "strong-buy" rating in a research report 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 given a Hold rating to the company. According to data from MarketBeat, Vicor has an average rating of "Buy" and an average target price of $118.33.

Institutional Investors Weigh In On Vicor

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada grew its stake in shares of Vicor by 6.0% in the 1st quarter. Royal Bank of Canada now owns 15,167 shares of the electronics maker's stock valued at $709,000 after buying an additional 857 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Vicor by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,537 shares of the electronics maker's stock valued at $633,000 after acquiring an additional 563 shares during the last quarter. Millennium Management LLC lifted its holdings in Vicor by 4,634.5% in the first quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker's stock valued at $12,379,000 after acquiring an additional 259,022 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Vicor by 38.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 41,541 shares of the electronics maker's stock worth $1,943,000 after acquiring an additional 11,525 shares during the period. Finally, Acadian Asset Management LLC grew its position in Vicor by 56.1% in the first quarter. Acadian Asset Management LLC now owns 8,860 shares of the electronics maker's stock worth $413,000 after acquiring an additional 3,184 shares during the period. 47.45% of the stock is currently owned by institutional investors and hedge funds.

Vicor Company Profile

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.

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