Vicor (NASDAQ:VICR) Director Sells $1,899,709.68 in Stock

Key Points

• Director Andrew D'amico sold 7,512 shares on May 4 at an average price of $252.89 for a total of $1,899,709.68 under a pre-arranged Rule 10b5-1 plan, cutting his stake by 62.04% to 4,596 shares.
• Vicor beat quarterly estimates with EPS of $0.44 (vs. $0.40) and revenue of $112.97M (+20.2% YoY), and the stock traded up ~4.8% to $263.14 amid a $11.94B market cap and a consensus analyst rating of Buy (average target $198.33).

Vicor Corporation (NASDAQ:VICR - Get Free Report) Director Andrew D'amico sold 7,512 shares of Vicor stock in a transaction on Monday, May 4th. The shares were sold at an average price of $252.89, for a total value of $1,899,709.68. Following the completion of the transaction, the director owned 4,596 shares of the company's stock, valued at approximately $1,162,282.44. This trade represents a 62.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, April 27th, Andrew D'amico sold 800 shares of Vicor stock. The shares were sold at an average price of $277.00, for a total value of $221,600.00.

Vicor Trading Up 4.8%

Shares of NASDAQ VICR traded up $12.12 during mid-day trading on Tuesday, hitting $263.14. The company had a trading volume of 270,947 shares, compared to its average volume of 808,456. The company has a market capitalization of $11.94 billion, a price-to-earnings ratio of 87.62 and a beta of 2.33. Vicor Corporation has a 1 year low of $39.64 and a 1 year high of $293.95. The stock's 50-day moving average price is $193.65 and its 200-day moving average price is $142.75.

Vicor (NASDAQ:VICR - Get Free Report) last announced its quarterly earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.04. Vicor had a return on equity of 20.21% and a net margin of 28.98%.The company had revenue of $112.97 million during the quarter, compared to analysts' expectations of $109.05 million. During the same period in the previous year, the business earned $0.06 earnings per share. The firm's quarterly revenue was up 20.2% compared to the same quarter last year. As a group, equities research analysts forecast that Vicor Corporation will post 2.71 earnings per share for the current year.

Institutional Investors Weigh In On Vicor

Several institutional investors have recently bought and sold shares of VICR. The Manufacturers Life Insurance Company boosted its holdings in Vicor by 3,918.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 432,189 shares of the electronics maker's stock valued at $47,368,000 after acquiring an additional 421,435 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Vicor by 1,542.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 439,820 shares of the electronics maker's stock valued at $48,205,000 after acquiring an additional 413,038 shares during the period. Millennium Management LLC boosted its holdings in Vicor by 4,634.5% during the 1st 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 period. Arrowstreet Capital Limited Partnership boosted its holdings in Vicor by 1,921.4% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 267,882 shares of the electronics maker's stock valued at $13,319,000 after acquiring an additional 254,630 shares during the period. Finally, CIBC Bancorp USA Inc. purchased a new stake in Vicor in the 3rd quarter worth approximately $12,625,000. 47.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Needham & Company LLC boosted their target price on Vicor from $180.00 to $260.00 and gave the stock a "buy" rating in a research report on Tuesday, April 21st. Weiss Ratings reiterated a "hold (c)" rating on shares of Vicor in a report on Wednesday, January 21st. Roth Mkm reiterated a "buy" rating and issued a $245.00 price objective on shares of Vicor in a report on Monday, April 20th. Wall Street Zen cut Vicor from a "buy" rating to a "hold" rating in a report on Saturday, April 25th. Finally, Zacks Research raised shares of Vicor from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 23rd. One equities research 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 stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $198.33.

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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