Vicor (NASDAQ:VICR) Director Sells $250,397.75 in Stock

Vicor Corporation (NASDAQ:VICR) Director Zheng John Shen sold 1,217 shares of the business’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $205.75, for a total transaction of $250,397.75. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Zheng John Shen also recently made the following trade(s):

• On Monday, February 23rd, Zheng John Shen sold 2,503 shares of Vicor stock. The shares were sold at an average price of $175.96, for a total transaction of $440,427.88.

Vicor Trading Down 11.9%

NASDAQ VICR traded down $24.10 during mid-day trading on Thursday, reaching $179.08. 638,561 shares of the company’s stock traded hands, compared to its average volume of 712,233. Vicor Corporation has a 1-year low of $38.92 and a 1-year high of $209.53. The company has a market cap of $8.00 billion, a price-to-earnings ratio of 68.61 and a beta of 1.84. The company has a fifty day simple moving average of $155.18 and a 200-day simple moving average of $101.19.

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

Institutional Trading of Vicor

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VICR. Pacer Advisors Inc. boosted its stake in Vicor by 240.4% in the 4th quarter. Pacer Advisors Inc. now owns 5,681 shares of the electronics maker’s stock valued at $623,000 after buying an additional 4,012 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Vicor by 125.8% in the fourth quarter. Invesco Ltd. now owns 148,659 shares of the electronics maker’s stock valued at $16,293,000 after buying an additional 82,831 shares during the last quarter. Corient Private Wealth LLC increased its position in Vicor by 3.9% in the 4th quarter. Corient Private Wealth LLC now owns 4,861 shares of the electronics maker’s stock valued at $533,000 after acquiring an additional 184 shares in the last quarter. State of Tennessee Department of Treasury grew its stake in shares of Vicor by 10.5% during the fourth quarter. State of Tennessee Department of Treasury now owns 14,615 shares of the electronics maker’s stock valued at $1,602,000 after purchasing an additional 1,388 shares during the last quarter. Finally, Empowered Funds LLC acquired a new stake in shares of Vicor in the fourth quarter valued at approximately $81,000. Institutional investors own 47.45% of the company’s stock.

Analyst Upgrades and Downgrades

VICR has been the topic of several research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Vicor in a research report on Wednesday, January 21st. Wall Street Zen lowered Vicor from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 23rd. Roth Mkm restated a “buy” rating and set a $175.00 price objective on shares of Vicor in a report on Thursday, January 22nd. Finally, Zacks Research raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. 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. Based on data from MarketBeat.com, Vicor has an average rating of “Buy” and a consensus target price of $118.33.

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.