Insider Selling: Vicor (NASDAQ:VICR) VP Sells $489,192.00 in Stock

Vicor Corporation (NASDAQ:VICR) VP Nancy Grava sold 2,616 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $187.00, for a total value of $489,192.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Vicor Stock Down 2.1%

Vicor stock opened at $201.40 on Friday. The stock has a 50-day simple moving average of $149.45 and a 200 day simple moving average of $97.56. The stock has a market capitalization of $8.99 billion, a price-to-earnings ratio of 77.17 and a beta of 1.90. Vicor Corporation has a 12-month low of $38.92 and a 12-month high of $205.92.

Vicor (NASDAQ:VICR) last posted its quarterly earnings data on Thursday, February 19th. The electronics maker reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.63. Vicor had a net margin of 26.19% and a return on equity of 18.73%. The firm had revenue of $107.26 million during the quarter, compared to analysts’ expectations of $107.78 million. During the same quarter last year, the company posted $0.23 EPS. The company’s quarterly revenue was up 11.5% compared to the same quarter last year.

Hedge Funds Weigh In On Vicor

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on VICR shares. Zacks Research raised Vicor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Wall Street Zen cut Vicor from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vicor in a research note on Wednesday, January 21st. Finally, Roth Mkm reiterated a “buy” rating and set a $175.00 price target on shares of Vicor in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target 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.