Vicor (NASDAQ:VICR) VP Sells $463,165.76 in Stock

Vicor Corporation (NASDAQ:VICR) VP Kemble Morrison sold 2,572 shares of the stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $180.08, for a total transaction of $463,165.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Vicor Stock Performance

Vicor stock opened at $201.40 on Friday. Vicor Corporation has a fifty-two week low of $38.92 and a fifty-two week high of $205.92. The firm’s 50-day simple moving average is $149.45 and its 200 day simple moving average is $97.56. The stock has a market cap of $8.99 billion, a PE ratio of 77.17 and a beta of 1.90.

Vicor (NASDAQ:VICR) last posted its earnings results on Thursday, February 19th. The electronics maker reported $1.01 EPS for the quarter, topping the consensus estimate of $0.38 by $0.63. The firm had revenue of $107.26 million for the quarter, compared to analysts’ expectations of $107.78 million. Vicor had a net margin of 26.19% and a return on equity of 18.73%. The company’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.23 EPS.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on VICR. Wall Street Zen downgraded shares of Vicor from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 23rd. Zacks Research upgraded Vicor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Roth Mkm reissued a “buy” rating and issued a $175.00 target price on shares of Vicor in a research report on Thursday, January 22nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vicor in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $118.33.

Institutional Investors Weigh In On Vicor

A number of hedge funds and other institutional investors have recently bought and sold shares of VICR. Federated Hermes Inc. purchased a new stake in shares of Vicor during the fourth quarter worth $27,000. Harbour Investments Inc. bought a new stake in shares of Vicor during the 4th quarter valued at $32,000. Allworth Financial LP lifted its holdings in Vicor by 960.0% during the 4th quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock worth $35,000 after purchasing an additional 288 shares in the last quarter. SBI Securities Co. Ltd. boosted its stake in Vicor by 32,400.0% in the 4th quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker’s stock worth $36,000 after purchasing an additional 324 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new position in Vicor during the 4th quarter valued at about $36,000. Institutional investors 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.