Vicor (NASDAQ:VICR) VP Sells $706,300.00 in Stock

Vicor Corporation (NASDAQ:VICR) VP Sean Crilly sold 2,500 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $282.52, for a total value of $706,300.00. Following the completion of the transaction, the vice president owned 7,229 shares in the company, valued at $2,042,337.08. The trade was a 25.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Vicor Stock Performance

Shares of NASDAQ VICR opened at $275.51 on Thursday. Vicor Corporation has a 52 week low of $41.76 and a 52 week high of $361.89. The stock has a market capitalization of $12.56 billion, a P/E ratio of 92.14 and a beta of 2.36. The stock’s fifty day moving average is $253.29 and its 200 day moving average is $182.13.

Vicor (NASDAQ:VICR) last issued its quarterly earnings results on Tuesday, April 21st. The electronics maker reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. Vicor had a return on equity of 20.21% and a net margin of 28.98%.The company had revenue of $112.97 million for the quarter, compared to analysts’ expectations of $109.05 million. During the same quarter last year, the business earned $0.06 earnings per share. Vicor’s revenue was up 20.2% on a year-over-year basis. Equities research analysts forecast that Vicor Corporation will post 2.71 earnings per share for the current year.

Institutional Trading of Vicor

Several large investors have recently bought and sold shares of the business. Parallel Advisors LLC boosted its stake in Vicor by 167.8% in the first quarter. Parallel Advisors LLC now owns 490 shares of the electronics maker’s stock valued at $79,000 after buying an additional 307 shares in the last quarter. NewEdge Advisors LLC boosted its stake in Vicor by 1,493.1% in the first quarter. NewEdge Advisors LLC now owns 2,071 shares of the electronics maker’s stock valued at $333,000 after buying an additional 1,941 shares in the last quarter. Axiom Investment Management LLC acquired a new stake in shares of Vicor during the first quarter valued at about $209,000. Vestor Capital LLC acquired a new stake in shares of Vicor during the first quarter valued at about $7,110,000. Finally, Bank of America Corp DE boosted its stake in shares of Vicor by 44.4% during the first quarter. Bank of America Corp DE now owns 102,107 shares of the electronics maker’s stock valued at $16,439,000 after purchasing an additional 31,399 shares in the last quarter. 47.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on VICR. Needham & Company LLC raised their price target on Vicor from $260.00 to $350.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Vicor in a research note on Monday, June 1st. Wall Street Zen lowered Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Roth Mkm reaffirmed a “buy” rating and issued a $245.00 price objective on shares of Vicor in a research note on Monday, April 20th. Finally, Zacks Research raised 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 assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Vicor has an average rating of “Buy” and an average price target of $228.33.

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.