Zmira Lavie Sells 908 Shares of Vicor (NASDAQ:VICR) Stock

Key Points

• Vicor director Zmira Lavie sold 908 shares at an average price of $250, generating $227,000 and reducing her direct ownership by 50%.
• Vicor shares fell $25.55 to $216.86, while the company’s market capitalization stood at approximately $10 billion. The stock has traded between $45.44 and $382.65 over the past year.
• Vicor reported stronger-than-expected quarterly results, with $1.04 in earnings per share and $143.35 million in revenue, up 49.3% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $381.67.

Vicor Corporation (NASDAQ:VICR - Get Free Report) Director Zmira Lavie sold 908 shares of the business's stock in a transaction on Monday, August 17th. The stock was sold at an average price of $250.00, for a total transaction of $227,000.00. Following the completion of the sale, the director directly owned 908 shares in the company, valued at approximately $227,000. This represents a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Vicor Stock Performance

VICR traded down $25.55 during trading on Wednesday, reaching $216.86. 483,942 shares of the stock were exchanged, compared to its average volume of 845,228. The stock's 50 day moving average price is $265.13 and its two-hundred day moving average price is $232.87. Vicor Corporation has a twelve month low of $45.44 and a twelve month high of $382.65. The stock has a market cap of $10.00 billion, a P/E ratio of 70.16 and a beta of 2.37.

Vicor (NASDAQ:VICR - Get Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The electronics maker reported $1.04 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.39. Vicor had a net margin of 30.65% and a return on equity of 19.83%. The firm had revenue of $143.35 million during the quarter, compared to analysts' expectations of $138.37 million. During the same quarter last year, the company posted $0.91 earnings per share. The company's revenue for the quarter was up 49.3% compared to the same quarter last year. Equities research analysts predict that Vicor Corporation will post 3.12 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on VICR shares. Wall Street Zen downgraded shares of Vicor from a "buy" rating to a "hold" rating in a research report on Saturday, April 25th. Roth Capital upped their target price on Vicor from $285.00 to $375.00 and gave the stock a "buy" rating in a report on Monday, June 22nd. Craig Hallum increased their target price on shares of Vicor to $450.00 and gave the company a "buy" rating in a research report on Monday, June 22nd. Weiss Ratings upgraded Vicor from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, August 6th. Finally, Zacks Research downgraded Vicor from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 2nd. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $381.67.

Institutional Investors Weigh In On Vicor

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Andar Capital Management HK Ltd acquired a new position in Vicor during the second quarter worth $101,100,000. BlackRock Inc. acquired a new stake in shares of Vicor in the second quarter valued at approximately $934,612,000. The Manufacturers Life Insurance Company increased its stake in shares of 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 worth $47,368,000 after purchasing an additional 421,435 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Vicor by 1,542.2% in 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 buying an additional 413,038 shares in the last quarter. Finally, Millennium Management LLC grew 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 buying an additional 259,022 shares during the last quarter. 47.45% of the stock is owned by hedge funds and other 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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