Vicor (NASDAQ:VICR) Director Andrew D’amico Sells 1,908 Shares of Stock

Vicor Corporation (NASDAQ:VICR) Director Andrew D’amico sold 1,908 shares of the stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $99.13, for a total transaction of $189,140.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Andrew D’amico also recently made the following trade(s):

• On Friday, October 24th, Andrew D’amico sold 2,071 shares of Vicor stock. The stock was sold at an average price of $94.80, for a total transaction of $196,330.80.
• On Thursday, October 23rd, Andrew D’amico sold 565 shares of Vicor stock. The shares were sold at an average price of $90.00, for a total transaction of $50,850.00.
• On Wednesday, October 22nd, Andrew D’amico sold 14,677 shares of Vicor stock. The shares were sold at an average price of $82.53, for a total value of $1,211,292.81.
• On Tuesday, October 21st, Andrew D’amico sold 1,000 shares of Vicor stock. The stock was sold at an average price of $68.00, for a total value of $68,000.00.

Vicor Trading Up 2.0%

VICR traded up $1.77 during trading hours on Friday, hitting $90.35. The company’s stock had a trading volume of 85,167 shares, compared to its average volume of 336,057. The company has a 50-day simple moving average of $65.47 and a 200 day simple moving average of $52.63. The firm has a market capitalization of $4.03 billion, a PE ratio of 49.37 and a beta of 1.81. Vicor Corporation has a fifty-two week low of $38.92 and a fifty-two week high of $101.00.

Vicor (NASDAQ:VICR) last announced its quarterly earnings results on Tuesday, October 21st. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.43. Vicor had a return on equity of 13.77% and a net margin of 18.63%.The company had revenue of $110.42 million during the quarter, compared to analyst estimates of $95.40 million. During the same quarter in the previous year, the firm posted $0.26 EPS. The firm’s quarterly revenue was up 18.5% on a year-over-year basis.

Hedge Funds Weigh In On Vicor

Hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. increased its stake in Vicor by 15.6% in the 1st quarter. JPMorgan Chase & Co. now owns 4,446,226 shares of the electronics maker’s stock worth $207,994,000 after purchasing an additional 598,896 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Vicor by 4.6% in the third quarter. Dimensional Fund Advisors LP now owns 578,515 shares of the electronics maker’s stock worth $28,759,000 after buying an additional 25,393 shares during the period. AWM Investment Company Inc. boosted its holdings in shares of Vicor by 5.7% in the first quarter. AWM Investment Company Inc. now owns 372,210 shares of the electronics maker’s stock worth $17,412,000 after buying an additional 20,195 shares during the period. Pinnacle Associates Ltd. increased its position in shares of Vicor by 29.0% in the first quarter. Pinnacle Associates Ltd. now owns 356,011 shares of the electronics maker’s stock worth $16,654,000 after acquiring an additional 80,105 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Vicor by 1,921.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 267,882 shares of the electronics maker’s stock valued at $13,319,000 after acquiring an additional 254,630 shares during the period. 47.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on VICR shares. Wall Street Zen upgraded shares of Vicor from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Needham & Company LLC set a $90.00 price objective on shares of Vicor and gave the company a “buy” rating in a report on Wednesday, October 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Vicor in a research note on Wednesday, October 8th. Finally, Craig Hallum upgraded Vicor from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a research report on Wednesday, October 22nd. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $90.00.

About Vicor

Vicor Corporation, together with its subsidiaries, designs, develops, manufactures, and markets modular power components and power systems for converting electrical power in the United States, Europe, the Asia Pacific, and internationally. The company offers a range of brick-format DC-DC converters; complementary components provide AC line rectification, input filtering, power factor correction, and transient protection; and input and output voltage, and output power products, as well as electrical and mechanical accessories.