Vicor (NASDAQ:VICR) Director Andrew D’amico Sells 1,200 Shares

Vicor Corporation (NASDAQ:VICR) Director Andrew D’amico sold 1,200 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $312.31, for a total transaction of $374,772.00. Following the completion of the transaction, the director directly owned 1,200 shares in the company, valued at $374,772. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Tuesday, May 12th, Andrew D’amico sold 565 shares of Vicor stock. The shares were sold at an average price of $303.03, for a total value of $171,211.95.
• On Monday, May 4th, Andrew D’amico sold 7,512 shares of Vicor stock. The shares were sold at an average price of $252.89, for a total value of $1,899,709.68.
• On Monday, April 27th, Andrew D’amico sold 800 shares of Vicor stock. The stock was sold at an average price of $277.00, for a total value of $221,600.00.

Vicor Stock Performance

NASDAQ VICR opened at $290.54 on Friday. The stock’s fifty day moving average is $208.09 and its two-hundred day moving average is $154.73. The firm has a market capitalization of $13.24 billion, a P/E ratio of 97.17 and a beta of 2.33. Vicor Corporation has a fifty-two week low of $40.54 and a fifty-two week high of $316.82.

Vicor (NASDAQ:VICR) last issued its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. Vicor had a return on equity of 20.21% and a net margin of 28.98%.The business had revenue of $112.97 million during the quarter, compared to the consensus estimate of $109.05 million. During the same period last year, the company earned $0.06 EPS. The company’s revenue for the quarter was up 20.2% on a year-over-year basis. As a group, sell-side analysts forecast that Vicor Corporation will post 2.71 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Dynamic Technology Lab Private Ltd purchased a new position in shares of Vicor during the 3rd quarter worth approximately $352,000. Summit Global Investments acquired a new stake in Vicor in the 3rd quarter valued at approximately $1,050,000. Colrain Capital LLC raised its position in Vicor by 10.4% in the third quarter. Colrain Capital LLC now owns 254,140 shares of the electronics maker’s stock valued at $12,636,000 after purchasing an additional 23,940 shares during the period. Public Sector Pension Investment Board lifted its stake in Vicor by 13.4% during the third quarter. Public Sector Pension Investment Board now owns 89,312 shares of the electronics maker’s stock worth $4,441,000 after purchasing an additional 10,532 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in Vicor during the third quarter worth $448,000. Institutional investors and hedge funds own 47.45% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on VICR shares. Wall Street Zen downgraded shares of Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Zacks Research raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Roth Mkm restated a “buy” rating and set a $245.00 price target on shares of Vicor in a report on Monday, April 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vicor in a research report on Wednesday, January 21st. Finally, Needham & Company LLC upped their price objective on Vicor from $180.00 to $260.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. One investment 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 company. Based on data from MarketBeat, Vicor has a consensus rating of “Buy” and an average 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.