Vicor Corp (NASDAQ:VICR) VP Claudio Tuozzolo sold 4,680 shares of the firm's stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $83.43, for a total transaction of $390,452.40. Following the transaction, the vice president now directly owns 56,912 shares in the company, valued at approximately $4,748,168.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of Vicor stock traded down $2.12 during midday trading on Thursday, hitting $80.37. The company had a trading volume of 1,432 shares, compared to its average volume of 249,446. The business's 50 day simple moving average is $82.32 and its two-hundred day simple moving average is $61.93. The stock has a market cap of $3.55 billion, a PE ratio of 423.02 and a beta of 0.74. Vicor Corp has a 1-year low of $28.69 and a 1-year high of $90.88.
Vicor (NASDAQ:VICR) last announced its quarterly earnings data on Thursday, July 23rd. The electronics maker reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.04. The business had revenue of $70.76 million for the quarter, compared to the consensus estimate of $65.80 million. Vicor had a net margin of 3.05% and a return on equity of 3.47%. Equities analysts predict that Vicor Corp will post 0.25 earnings per share for the current fiscal year.
Several institutional investors have recently made changes to their positions in VICR. Vanguard Group Inc. grew its stake in shares of Vicor by 30.7% in the second quarter. Vanguard Group Inc. now owns 2,055,354 shares of the electronics maker's stock worth $147,883,000 after acquiring an additional 483,012 shares during the last quarter. Driehaus Capital Management LLC grew its stake in shares of Vicor by 73.5% in the second quarter. Driehaus Capital Management LLC now owns 450,987 shares of the electronics maker's stock worth $32,449,000 after acquiring an additional 191,105 shares during the last quarter. Gilder Gagnon Howe & Co. LLC acquired a new stake in Vicor during the second quarter worth $11,001,000. FMR LLC boosted its stake in Vicor by 59,972.8% during the second quarter. FMR LLC now owns 150,182 shares of the electronics maker's stock worth $10,805,000 after buying an additional 149,932 shares in the last quarter. Finally, Granite Investment Partners LLC boosted its stake in Vicor by 53.4% during the second quarter. Granite Investment Partners LLC now owns 318,226 shares of the electronics maker's stock worth $22,896,000 after buying an additional 110,731 shares in the last quarter. Institutional investors and hedge funds own 36.31% of the company's stock.
Several brokerages recently weighed in on VICR. BWS Financial raised their price objective on shares of Vicor from $84.00 to $100.00 and gave the company a "buy" rating in a research report on Friday, July 24th. BidaskClub raised shares of Vicor from a "hold" rating to a "buy" rating in a research report on Wednesday, September 2nd. Northland Securities reissued a "hold" rating and issued a $55.00 price target on shares of Vicor in a research report on Friday, July 24th. Needham & Company LLC lifted their price target on shares of Vicor from $80.00 to $85.00 and gave the company a "buy" rating in a research report on Friday, July 24th. Finally, Zacks Investment Research raised shares of Vicor from a "hold" rating to a "buy" rating and set a $88.00 price target on the stock in a research report on Wednesday, July 29th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of "Buy" and an average price target of $82.60.
Vicor Corporation designs, develops, manufactures, and markets modular power components and power systems for converting electrical power worldwide. It operates through Brick Business Unit, VI Chip, and Picor segments. The company offers a range of brick-format DC-DC converters and configurable products; complementary components; and input and output voltage, and output power products, as well as electrical and mechanical accessories.
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