Vicor (NASDAQ:VICR) VP Claudio Tuozzolo Sells 730 Shares

Vicor Corporation (NASDAQ:VICR) VP Claudio Tuozzolo sold 730 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $292.89, for a total transaction of $213,809.70. Following the completion of the sale, the vice president owned 13,240 shares of the company’s stock, valued at approximately $3,877,863.60. This trade represents a 5.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Claudio Tuozzolo also recently made the following trade(s):

• On Tuesday, May 26th, Claudio Tuozzolo sold 3,000 shares of Vicor stock. The shares were sold at an average price of $328.41, for a total transaction of $985,230.00.
• On Friday, April 24th, Claudio Tuozzolo sold 11,035 shares of Vicor stock. The shares were sold at an average price of $270.50, for a total transaction of $2,984,967.50.

Vicor Stock Performance

NASDAQ:VICR traded up $7.84 on Friday, hitting $305.90. The stock had a trading volume of 117,051 shares, compared to its average volume of 821,380. The stock has a market cap of $13.94 billion, a P/E ratio of 102.02 and a beta of 2.36. Vicor Corporation has a 1 year low of $41.76 and a 1 year high of $361.89. The firm’s fifty day simple moving average is $256.03 and its two-hundred day simple moving average is $183.63.

Vicor (NASDAQ:VICR) last posted 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 analyst estimates of $109.05 million. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The company’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same quarter last year, the business posted $0.06 EPS. Equities research analysts predict that Vicor Corporation will post 2.71 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd purchased a new position in Vicor in the 3rd quarter valued at approximately $352,000. Colrain Capital LLC boosted its holdings in Vicor by 10.4% in the 3rd quarter. Colrain Capital LLC now owns 254,140 shares of the electronics maker’s stock valued at $12,636,000 after purchasing an additional 23,940 shares during the period. Public Sector Pension Investment Board boosted its holdings in Vicor by 13.4% in the 3rd quarter. Public Sector Pension Investment Board now owns 89,312 shares of the electronics maker’s stock valued at $4,441,000 after purchasing an additional 10,532 shares during the period. Intech Investment Management LLC boosted its holdings in Vicor by 36.6% in the 3rd quarter. Intech Investment Management LLC now owns 29,786 shares of the electronics maker’s stock valued at $1,481,000 after purchasing an additional 7,985 shares during the period. Finally, Range Financial Group LLC bought a new position in Vicor in the 4th quarter valued at $1,537,000. 47.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Roth Mkm reiterated a “buy” rating and issued a $245.00 price objective on shares of Vicor in a research note on Monday, April 20th. Wall Street Zen lowered shares of Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Needham & Company LLC raised 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. Weiss Ratings restated a “hold (c+)” rating on shares of Vicor in a research note on Monday, June 1st. Finally, Zacks Research upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a research note 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 given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Vicor currently has an average rating of “Buy” and an average target price 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.