Philip Davies Sells 3,072 Shares of Vicor (NASDAQ:VICR) Stock

Vicor Corporation (NASDAQ:VICR) VP Philip Davies sold 3,072 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $321.69, for a total value of $988,231.68. Following the transaction, the vice president owned 1,920 shares in the company, valued at $617,644.80. This trade represents a 61.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Vicor Stock Down 1.1%

Shares of Vicor stock traded down $3.61 during trading on Tuesday, hitting $331.24. 620,809 shares of the stock traded hands, compared to its average volume of 885,352. The stock has a market cap of $15.10 billion, a price-to-earnings ratio of 110.65 and a beta of 2.36. The firm’s fifty day moving average is $234.94 and its 200-day moving average is $171.83. Vicor Corporation has a 52 week low of $41.76 and a 52 week high of $361.89.

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

Institutional Trading of Vicor

Large investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in Vicor by 2.5% in 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. The Manufacturers Life Insurance Company lifted its holdings in Vicor by 39.6% in the first quarter. The Manufacturers Life Insurance Company now owns 603,364 shares of the electronics maker’s stock worth $97,142,000 after buying an additional 171,175 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Vicor by 4.6% in the third quarter. Dimensional Fund Advisors LP now owns 578,515 shares of the electronics maker’s stock worth $28,759,000 after buying an additional 25,393 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in Vicor by 43.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 536,274 shares of the electronics maker’s stock worth $86,340,000 after buying an additional 162,186 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Vicor by 1,542.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 439,820 shares of the electronics maker’s stock worth $48,205,000 after buying an additional 413,038 shares during the period. 47.45% of the stock is owned by institutional investors.

Analysts Set New Price Targets

VICR has been the topic of several recent research reports. Needham & Company LLC increased their price objective on Vicor from $260.00 to $350.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Wall Street Zen lowered shares of Vicor from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Zacks Research upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Finally, Roth Mkm restated a “buy” rating and set a $245.00 price target on shares of Vicor in a research report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $228.33.

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.