Vicor (NASDAQ:VICR) Director Zheng John Shen Sells 1,217 Shares

Vicor Corporation (NASDAQ:VICR) Director Zheng John Shen sold 1,217 shares of Vicor stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $205.75, for a total value of $250,397.75. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Zheng John Shen also recently made the following trade(s):

• On Monday, February 23rd, Zheng John Shen sold 2,503 shares of Vicor stock. The stock was sold at an average price of $175.96, for a total value of $440,427.88.

Vicor Stock Down 11.9%

NASDAQ VICR traded down $24.10 during trading hours on Thursday, hitting $179.08. 638,561 shares of the company were exchanged, compared to its average volume of 712,233. Vicor Corporation has a 52 week low of $38.92 and a 52 week high of $209.53. The stock has a market cap of $8.00 billion, a PE ratio of 68.61 and a beta of 1.84. The stock has a 50-day moving average price of $155.18 and a 200 day moving average price of $101.19.

Vicor (NASDAQ:VICR) last issued its earnings results on Thursday, February 19th. The electronics maker reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.63. Vicor had a net margin of 26.19% and a return on equity of 18.73%. The business had revenue of $362.70 million for the quarter, compared to analyst estimates of $107.78 million. During the same period last year, the company posted $0.23 earnings per share. The company’s quarterly revenue was up 11.5% compared to the same quarter last year.

Institutional Investors Weigh In On Vicor

A number of hedge funds have recently added to or reduced their stakes in VICR. Vanguard Group Inc. increased its position in Vicor by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 2,534,534 shares of the electronics maker’s stock worth $277,785,000 after buying an additional 60,963 shares during the period. Dimensional Fund Advisors LP grew its holdings in Vicor by 4.6% during the third quarter. Dimensional Fund Advisors LP now owns 578,515 shares of the electronics maker’s stock worth $28,759,000 after acquiring an additional 25,393 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of 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 purchasing an additional 413,038 shares in the last quarter. The Manufacturers Life Insurance Company boosted 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 acquiring an additional 421,435 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Vicor by 39.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 374,088 shares of the electronics maker’s stock worth $41,000,000 after purchasing an additional 106,206 shares in the last quarter. 47.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VICR has been the topic of a number of analyst reports. Wall Street Zen downgraded Vicor from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 23rd. Roth Mkm restated a “buy” rating and set a $175.00 price objective on shares of Vicor in a research note on Thursday, January 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Vicor in a research report on Wednesday, January 21st. Finally, Zacks Research upgraded Vicor from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $118.33.

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.