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

Vicor Corporation (NASDAQ:VICR) VP Philip Davies sold 3,072 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $321.69, for a total transaction of $988,231.68. Following the transaction, the vice president directly owned 1,920 shares of the company’s stock, valued at approximately $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 link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Vicor Trading Up 1.2%

Shares of NASDAQ:VICR opened at $332.95 on Wednesday. The company has a market cap of $15.18 billion, a price-to-earnings ratio of 111.35 and a beta of 2.36. The company has a 50-day moving average price of $234.94 and a 200-day moving average price of $171.83. Vicor Corporation has a 12 month low of $41.76 and a 12 month high of $361.89.

Vicor (NASDAQ:VICR) last issued 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 during the quarter, compared to the consensus estimate of $109.05 million. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The company’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.06 earnings per share. As a group, research analysts forecast that Vicor Corporation will post 2.71 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports 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. Needham & Company LLC increased their price target on shares of Vicor from $260.00 to $350.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Zacks Research raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Finally, Roth Mkm reissued a “buy” rating and issued a $245.00 price target on shares of Vicor in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $228.33.

Hedge Funds Weigh In On Vicor

A number of institutional investors have recently bought and sold shares of the stock. Axiom Investment Management LLC purchased a new stake in Vicor in the first quarter worth about $209,000. Vestor Capital LLC purchased a new stake in Vicor in the first quarter worth about $7,110,000. Bank of America Corp DE grew its holdings in Vicor by 44.4% in the first quarter. Bank of America Corp DE now owns 102,107 shares of the electronics maker’s stock worth $16,439,000 after purchasing an additional 31,399 shares during the period. Amundi grew its holdings in Vicor by 43.7% in the first quarter. Amundi now owns 2,726 shares of the electronics maker’s stock worth $439,000 after purchasing an additional 829 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in Vicor by 28.5% in the first quarter. EverSource Wealth Advisors LLC now owns 465 shares of the electronics maker’s stock worth $75,000 after purchasing an additional 103 shares during the period. 47.45% of the stock is owned by institutional investors.

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.