Vicor (NASDAQ:VICR) VP Sells 3,073 Shares of Company Stock

Key Points

• Vicor VP Philip Davies sold 3,073 shares at an average price of $183.26, receiving approximately $563,158. Following the transaction, his holdings fell 61.55% to 1,920 shares.
• Vicor’s latest quarterly results exceeded expectations, with EPS of $1.33 versus the $1.32 consensus and revenue of $197.11 million, up 78.5% year over year.
• Analysts maintain a generally positive view, with the stock carrying an average “Buy” rating and a consensus price target of $386.67, despite recent rating changes and VICR trading well below its 12-month high.

Vicor Corporation (NASDAQ:VICR - Get Free Report) VP Philip Davies sold 3,073 shares of the company's stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $183.26, for a total value of $563,157.98. Following the sale, the vice president owned 1,920 shares of the company's stock, valued at $351,859.20. This trade represents a 61.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Vicor Stock Performance

VICR stock traded up $4.54 during trading on Tuesday, reaching $179.51. 309,551 shares of the company traded hands, compared to its average volume of 875,246. Vicor Corporation has a 12 month low of $80.29 and a 12 month high of $382.65. The business has a 50 day simple moving average of $224.12 and a 200 day simple moving average of $226.37. The company has a market capitalization of $8.28 billion, a price-to-earnings ratio of 46.87 and a beta of 2.37.

Vicor (NASDAQ:VICR - Get Free Report) last announced its earnings results on Tuesday, October 20th. The electronics maker reported $1.33 EPS for the quarter, topping analysts' consensus estimates of $1.32 by $0.01. The business had revenue of $197.11 million during the quarter, compared to the consensus estimate of $187.03 million. Vicor had a net margin of 32.15% and a return on equity of 22.49%. The firm's revenue was up 78.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.63 earnings per share. As a group, research analysts forecast that Vicor Corporation will post 3.94 EPS for the current year.

Institutional Investors Weigh In On Vicor

A number of large investors have recently bought and sold shares of VICR. Andar Capital Management HK Ltd acquired a new position in shares of Vicor in the second quarter worth about $101,100,000. BlackRock Inc. acquired a new stake in shares of Vicor during the 2nd quarter valued at about $934,612,000. The Manufacturers Life Insurance Company grew its position in shares of Vicor by 39.6% during the 1st quarter. The Manufacturers Life Insurance Company now owns 603,364 shares of the electronics maker's stock valued at $97,142,000 after acquiring an additional 171,175 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Vicor by 43.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 536,274 shares of the electronics maker's stock valued at $86,340,000 after purchasing an additional 162,186 shares in the last quarter. Finally, International Assets Investment Management LLC increased its stake in shares of Vicor by 1,161,438.5% in the 3rd quarter. International Assets Investment Management LLC now owns 151,000 shares of the electronics maker's stock valued at $43,630,000 after purchasing an additional 150,987 shares in the last quarter. Hedge funds and other institutional investors own 47.45% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on VICR shares. Wall Street Zen downgraded shares of Vicor from a "buy" rating to a "hold" rating in a research note on Saturday, October 24th. Weiss Ratings raised Vicor from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, October 27th. Zacks Research upgraded Vicor from a "hold" rating to a "strong-buy" rating in a report on Thursday, October 1st. Needham & Company LLC reiterated a "buy" rating and set a $350.00 price objective on shares of Vicor in a report on Tuesday, October 20th. Finally, Roth Capital set a $360.00 price objective on Vicor in a research report on Wednesday, October 21st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Vicor presently has an average rating of "Buy" and an average price target of $386.67.

Vicor Company Profile

Vicor Corporation NASDAQ: VICR designs, develops, manufactures and markets modular power components and systems. The company's products convert, regulate and distribute electrical power for electronic equipment, with an emphasis on high-performance, compact and efficient power solutions.

Its portfolio includes AC-to-DC and DC-to-DC converters, regulators, power modules, power distribution components and complete power systems. Vicor's technologies include its Factorized Power Architecture and high-density ChiP packaging, which are designed to help engineers manage power more efficiently while reducing the size and complexity of electronic systems.

Vicor serves customers in industries such as data centers and computing, telecommunications, automotive, aerospace and defense, industrial equipment, and consumer electronics.

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