Philip Davies Sells 3,073 Shares of Vicor (NASDAQ:VICR) Stock

Vicor Corporation (NASDAQ:VICR) VP Philip Davies sold 3,073 shares of Vicor stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $269.07, for a total transaction of $826,852.11. Following the sale, the vice president owned 1,920 shares in the company, valued at $516,614.40. This represents a 61.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Vicor Stock Down 5.6%

Shares of VICR traded down $15.14 during mid-day trading on Monday, reaching $253.22. 516,767 shares of the stock traded hands, compared to its average volume of 811,327. The firm has a market cap of $11.49 billion, a price-to-earnings ratio of 84.69 and a beta of 2.33. The stock has a fifty day simple moving average of $193.65 and a 200 day simple moving average of $142.75. Vicor Corporation has a 12-month low of $39.64 and a 12-month high of $293.95.

Vicor (NASDAQ:VICR) last posted its quarterly earnings data on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. The company had revenue of $112.97 million for the quarter, compared to analyst estimates of $109.05 million. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The business’s quarterly revenue was up 20.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.06 earnings per share. On average, equities research analysts expect that Vicor Corporation will post 2.71 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on VICR shares. Weiss Ratings restated a “hold (c)” rating on shares of Vicor in a research note on Wednesday, January 21st. Wall Street Zen downgraded shares of Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Needham & Company LLC boosted their price target on shares of Vicor from $180.00 to $260.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Roth Mkm reaffirmed a “buy” rating and issued a $245.00 price objective on shares of Vicor in a report on Monday, April 20th. Finally, Zacks Research raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. 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’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $198.33.

Institutional Trading of Vicor

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

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.