Vicor (NASDAQ:VICR) VP Philip Davies Sells 5,419 Shares of Stock

Key Points

• VP Philip Davies sold 5,419 shares on March 5 at an average price of $189.67 for a total of $1,027,821.73, cutting his stake by 73.84% and leaving him with 1,920 shares.
• Vicor posted a strong quarterly beat, reporting EPS of $1.01 versus $0.38 expected and revenue of $362.7M (vs. $107.8M est.), with a 26.19% net margin and revenue up 11.5% year‑over‑year.
• The stock recently traded at $170.03 (12‑month range $38.92–$209.53) with a $7.59B market cap; analysts have a consensus "Buy" rating (average target $118.33) and institutional ownership is about 47.45% amid large recent fund purchases.

Vicor Corporation (NASDAQ:VICR - Get Free Report) VP Philip Davies sold 5,419 shares of the firm's stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $189.67, for a total transaction of $1,027,821.73. Following the completion of the sale, the vice president owned 1,920 shares in the company, valued at approximately $364,166.40. The trade was a 73.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Vicor Price Performance

VICR stock traded up $7.36 during trading on Monday, reaching $170.03. 967,985 shares of the company were exchanged, compared to its average volume of 733,891. The company has a 50-day moving average of $157.70 and a two-hundred day moving average of $103.33. The company has a market capitalization of $7.59 billion, a price-to-earnings ratio of 65.15 and a beta of 1.83. Vicor Corporation has a twelve month low of $38.92 and a twelve month high of $209.53.

Vicor (NASDAQ:VICR - Get Free Report) last issued its earnings results on Thursday, February 19th. The electronics maker reported $1.01 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.63. The firm had revenue of $362.70 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the business posted $0.23 earnings per share.

Analysts Set New Price Targets

Several research analysts recently issued reports on VICR shares. Roth Mkm reaffirmed a "buy" rating and set a $175.00 target price on shares of Vicor in a research report on Thursday, January 22nd. Wall Street Zen cut shares of Vicor from a "strong-buy" rating to a "buy" rating in a report on Sunday, November 23rd. Zacks Research upgraded Vicor from a "hold" rating to a "strong-buy" rating in a report on Monday, February 23rd. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Vicor in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Vicor currently has a consensus rating of "Buy" and an average target price of $118.33.

Hedge Funds Weigh In On Vicor

Institutional investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company lifted its holdings in Vicor by 3,918.9% during the fourth quarter. The Manufacturers Life Insurance Company now owns 432,189 shares of the electronics maker's stock worth $47,368,000 after acquiring an additional 421,435 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of 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 purchasing an additional 413,038 shares during the last quarter. Millennium Management LLC increased its position in shares of 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 purchasing an additional 259,022 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Vicor by 1,921.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 267,882 shares of the electronics maker's stock worth $13,319,000 after buying an additional 254,630 shares during the last quarter. Finally, CIBC Bancorp USA Inc. bought a new stake in Vicor in the third quarter worth about $12,625,000. 47.45% of the stock is owned by institutional investors.

About Vicor

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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