Quentin Fendelet Sells 2,299 Shares of Vicor (NASDAQ:VICR) Stock

Vicor Corporation (NASDAQ:VICR) CAO Quentin Fendelet sold 2,299 shares of the firm’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $204.72, for a total transaction of $470,651.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Vicor Price Performance

Shares of VICR stock opened at $203.18 on Thursday. The company’s fifty day moving average price is $155.18 and its two-hundred day moving average price is $101.19. The firm has a market capitalization of $9.07 billion, a P/E ratio of 77.85 and a beta of 1.84. Vicor Corporation has a 12 month low of $38.92 and a 12 month high of $209.53.

Vicor (NASDAQ:VICR) last announced its earnings results on Thursday, February 19th. The electronics maker reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.63. The business had revenue of $362.70 million for the quarter, compared to analyst estimates of $107.78 million. Vicor had a return on equity of 18.73% and a net margin of 26.19%.The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.23 earnings per share.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on VICR shares. Weiss Ratings reissued a “hold (c)” rating on shares of Vicor in a research report on Wednesday, January 21st. Roth Mkm reiterated a “buy” rating and set a $175.00 price objective on shares of Vicor in a research note on Thursday, January 22nd. Wall Street Zen downgraded shares of Vicor from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 23rd. 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 equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $118.33.

Institutional Trading of Vicor

Several institutional investors have recently added to or reduced their stakes in VICR. The Manufacturers Life Insurance Company lifted its position in shares of Vicor by 3,918.9% in the 4th quarter. The Manufacturers Life Insurance Company now owns 432,189 shares of the electronics maker’s stock worth $47,368,000 after buying an additional 421,435 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Vicor by 1,542.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 439,820 shares of the electronics maker’s stock worth $48,205,000 after acquiring an additional 413,038 shares during the period. Millennium Management LLC raised its stake in Vicor by 4,634.5% during the first quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock worth $12,379,000 after acquiring an additional 259,022 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in Vicor by 1,921.4% in the third quarter. Arrowstreet Capital Limited Partnership now owns 267,882 shares of the electronics maker’s stock worth $13,319,000 after acquiring an additional 254,630 shares during the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new position in Vicor in the third quarter valued at approximately $12,625,000. Institutional investors own 47.45% of the company’s stock.

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.