Vicor (NASDAQ:VICR) VP Sells $546,072.10 in Stock

Vicor Corporation (NASDAQ:VICR) VP Philip Davies sold 3,073 shares of the stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $177.70, for a total transaction of $546,072.10. Following the transaction, the vice president directly owned 1,920 shares of the company’s stock, valued at approximately $341,184. This trade represents a 61.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Vicor Stock Performance

Vicor stock opened at $188.55 on Friday. The company’s 50 day simple moving average is $231.54 and its 200-day simple moving average is $235.38. Vicor Corporation has a 1 year low of $47.56 and a 1 year high of $382.65. The company has a market capitalization of $8.69 billion, a price-to-earnings ratio of 60.43 and a beta of 2.35.

Vicor (NASDAQ:VICR) last posted its quarterly earnings data on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share for the quarter, topping 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 EPS. The firm’s quarterly revenue was up 49.3% on a year-over-year basis. Equities analysts expect that Vicor Corporation will post 3.28 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of VICR. Corient Private Wealth LP increased its holdings in Vicor by 17.0% during the 2nd quarter. Corient Private Wealth LP now owns 4,596 shares of the electronics maker’s stock worth $1,746,000 after purchasing an additional 669 shares during the period. Amundi boosted its stake in shares of Vicor by 4.3% in the 2nd quarter. Amundi now owns 2,843 shares of the electronics maker’s stock valued at $1,080,000 after buying an additional 117 shares during the period. HighTower Advisors LLC grew its position in shares of Vicor by 13.7% during the second quarter. HighTower Advisors LLC now owns 1,442 shares of the electronics maker’s stock worth $548,000 after buying an additional 174 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Vicor during the second quarter worth about $1,694,000. Finally, California State Teachers Retirement System increased its stake in shares of Vicor by 38,392.1% during the second quarter. California State Teachers Retirement System now owns 10,377,868 shares of the electronics maker’s stock worth $3,941,307,000 after buying an additional 10,350,907 shares during the period. 47.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Weiss Ratings raised Vicor from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday. Roth Capital increased their target price on Vicor from $285.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Needham & Company LLC lowered their target price on Vicor from $400.00 to $320.00 and set a “buy” rating for the company in a report on Tuesday, July 21st. Zacks Research downgraded Vicor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 2nd. Finally, Craig Hallum increased their price target on shares of Vicor to $450.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $381.67.

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.