Vicor (NASDAQ:VICR) Director Andrew D'amico Sells 14,677 Shares

Key Points

• Vicor Corporation Director Andrew D'amico sold 14,677 shares at an average price of $82.53, totaling approximately $1.21 million on October 22nd.
• Vicor's quarterly earnings surpassed expectations with an EPS of $0.63, significantly above the consensus estimate of $0.20, and a revenue increase of 18.5% year-over-year.
• The stock of Vicor recently experienced a 2.4% decline, trading at $90.77, with a market cap of $4.08 billion and a PE ratio of 49.39.

Vicor Corporation (NASDAQ:VICR - Get Free Report) Director Andrew D'amico sold 14,677 shares of the stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $82.53, for a total value of $1,211,292.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Andrew D'amico also recently made the following trade(s):

• On Thursday, October 23rd, Andrew D'amico sold 565 shares of Vicor stock. The stock was sold at an average price of $90.00, for a total value of $50,850.00.
• On Tuesday, October 21st, Andrew D'amico sold 1,000 shares of Vicor stock. The shares were sold at an average price of $68.00, for a total value of $68,000.00.

Vicor Trading Down 2.4%

Shares of VICR traded down $2.21 on Friday, reaching $90.77. 712,351 shares of the company's stock traded hands, compared to its average volume of 329,877. The stock has a market cap of $4.08 billion, a PE ratio of 49.39 and a beta of 1.73. The stock's 50 day simple moving average is $53.15 and its two-hundred day simple moving average is $48.06. Vicor Corporation has a 52-week low of $38.92 and a 52-week high of $96.58.

Vicor (NASDAQ:VICR - Get Free Report) last issued its quarterly earnings results on Tuesday, October 21st. The electronics maker reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.43. Vicor had a return on equity of 13.77% and a net margin of 18.63%.The company had revenue of $110.42 million during the quarter, compared to the consensus estimate of $95.40 million. During the same period last year, the business posted $0.26 earnings per share. Vicor's revenue was up 18.5% on a year-over-year basis.

Hedge Funds Weigh In On Vicor

Hedge funds and other institutional investors have recently modified their holdings of the company. Optimum Investment Advisors purchased a new position in shares of Vicor in the 1st quarter worth about $26,000. Nisa Investment Advisors LLC boosted its holdings in shares of Vicor by 53.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker's stock worth $30,000 after purchasing an additional 210 shares in the last quarter. Manchester Capital Management LLC boosted its holdings in shares of Vicor by 76.8% in the 1st quarter. Manchester Capital Management LLC now owns 610 shares of the electronics maker's stock worth $29,000 after purchasing an additional 265 shares in the last quarter. Strs Ohio bought a new stake in shares of Vicor in the 1st quarter valued at about $56,000. Finally, KBC Group NV bought a new stake in shares of Vicor in the 1st quarter valued at about $57,000. 47.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on VICR. Weiss Ratings restated a "hold (c)" rating on shares of Vicor in a research report on Friday. Wall Street Zen upgraded Vicor from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Needham & Company LLC set a $90.00 target price on Vicor and gave the stock a "buy" rating in a research report on Wednesday. Finally, Craig Hallum upgraded Vicor from a "hold" rating to a "buy" rating and set a $90.00 target price for the company in a research report on Wednesday. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $90.00.

Vicor Company Profile

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.

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