Claudio Tuozzolo Sells 730 Shares of Vicor (NASDAQ:VICR) Stock

Vicor Corporation (NASDAQ:VICR) VP Claudio Tuozzolo sold 730 shares of the stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $292.89, for a total value of $213,809.70. Following the transaction, 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 filing with the SEC, which is available at this hyperlink.

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 value of $985,230.00.
• On Friday, April 24th, Claudio Tuozzolo sold 11,035 shares of Vicor stock. The stock was sold at an average price of $270.50, for a total value of $2,984,967.50.

Vicor Stock Performance

NASDAQ:VICR opened at $303.77 on Friday. The company has a market cap of $13.85 billion, a PE ratio of 101.60 and a beta of 2.36. Vicor Corporation has a 52-week low of $41.76 and a 52-week high of $361.89. The stock has a 50-day simple moving average of $258.94 and a 200 day simple moving average of $184.47.

Vicor (NASDAQ:VICR) last released its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 EPS for the quarter, beating the consensus estimate of $0.40 by $0.04. Vicor had a return on equity of 20.21% and a net margin of 28.98%.The firm had revenue of $112.97 million for the quarter, compared to analysts’ expectations of $109.05 million. During the same quarter in the previous year, the business posted $0.06 EPS. The business’s quarterly revenue was up 20.2% compared to the same quarter last year. On average, research analysts predict that Vicor Corporation will post 2.71 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Vicor

Institutional investors and hedge funds have recently made changes to their positions in the stock. Federated Hermes Inc. acquired a new position in Vicor during the fourth quarter worth $27,000. Harbour Investments Inc. acquired a new stake in Vicor in the fourth quarter valued at $32,000. Allworth Financial LP grew its position in shares of Vicor by 960.0% in the 4th quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock valued at $35,000 after acquiring an additional 288 shares during the period. NBC Securities Inc. bought a new position in shares of Vicor in the 4th quarter valued at about $36,000. Finally, SBI Securities Co. Ltd. increased its stake in shares of Vicor by 32,400.0% during the 4th quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker’s stock worth $36,000 after purchasing an additional 324 shares during the last quarter. Institutional investors own 47.45% of the company’s stock.

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.