Vicor (NASDAQ:VICR) VP Sells $650,311.68 in Stock

Vicor Corporation (NASDAQ:VICR) VP Philip Davies sold 3,072 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $211.69, for a total value of $650,311.68. Following the completion of the transaction, the vice president directly owned 1,920 shares in the company, valued at $406,444.80. The trade was a 61.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Vicor Price Performance

Shares of VICR stock opened at $221.20 on Friday. The stock has a market cap of $10.08 billion, a PE ratio of 70.90 and a beta of 2.37. The stock has a 50-day moving average of $275.62 and a 200-day moving average of $228.97. Vicor Corporation has a one year low of $45.44 and a one year high of $382.65.

Vicor (NASDAQ:VICR) last released its quarterly earnings data on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.39. The business had revenue of $143.35 million for the quarter, compared to analyst estimates of $138.37 million. Vicor had a net margin of 30.65% and a return on equity of 19.83%. Vicor’s quarterly revenue was up 49.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.91 EPS. As a group, research analysts anticipate that Vicor Corporation will post 3.12 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Royal Bank of Canada lifted its stake in Vicor by 6.0% in the 1st quarter. Royal Bank of Canada now owns 15,167 shares of the electronics maker’s stock valued at $709,000 after acquiring an additional 857 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Vicor by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,537 shares of the electronics maker’s stock valued at $633,000 after purchasing an additional 563 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Vicor by 4,634.5% in the first quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock valued at $12,379,000 after purchasing an additional 259,022 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Vicor by 38.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 41,541 shares of the electronics maker’s stock worth $1,943,000 after purchasing an additional 11,525 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its position in shares of Vicor by 56.1% in the first quarter. Acadian Asset Management LLC now owns 8,860 shares of the electronics maker’s stock worth $413,000 after purchasing an additional 3,184 shares in the last quarter. 47.45% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on VICR. Needham & Company LLC lowered their price objective on shares of Vicor from $400.00 to $320.00 and set a “buy” rating for the company in a research report on Tuesday, July 21st. Weiss Ratings cut Vicor from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, July 23rd. Craig Hallum raised their price target on Vicor to $450.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Wall Street Zen cut Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Finally, Roth Capital boosted their price objective on Vicor from $285.00 to $375.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Vicor has an average rating of “Moderate Buy” and a consensus price target of $381.67.

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.