Vicor (NASDAQ:VICR) VP Alex Gusinov Sells 3,844 Shares of Stock

Vicor Corporation (NASDAQ:VICR) VP Alex Gusinov sold 3,844 shares of the firm’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $97.31, for a total value of $374,059.64. Following the sale, the vice president directly owned 10,340 shares of the company’s stock, valued at $1,006,185.40. This represents a 27.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Alex Gusinov also recently made the following trade(s):

• On Friday, November 21st, Alex Gusinov sold 1,571 shares of Vicor stock. The shares were sold at an average price of $86.05, for a total value of $135,184.55.
• On Tuesday, October 28th, Alex Gusinov sold 4,019 shares of Vicor stock. The shares were sold at an average price of $89.75, for a total transaction of $360,705.25.

Vicor Price Performance

Shares of NASDAQ VICR traded up $1.62 during mid-day trading on Thursday, hitting $98.81. The company’s stock had a trading volume of 20,867 shares, compared to its average volume of 333,193. The stock has a market cap of $4.41 billion, a price-to-earnings ratio of 53.99 and a beta of 1.94. The company’s fifty day simple moving average is $85.11 and its 200-day simple moving average is $60.93. Vicor Corporation has a one year low of $38.92 and a one year high of $102.19.

Vicor (NASDAQ:VICR) last released its earnings results on Tuesday, October 21st. The electronics maker reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.43. Vicor had a net margin of 18.63% and a return on equity of 13.77%. The firm 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 business earned $0.26 EPS. The business’s quarterly revenue was up 18.5% compared to the same quarter last year.

Institutional Trading of Vicor

A number of hedge funds have recently made changes to their positions in the business. Nisa Investment Advisors LLC lifted its holdings in Vicor by 53.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker’s stock valued at $30,000 after purchasing an additional 210 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Vicor by 13.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,129 shares of the electronics maker’s stock worth $56,000 after buying an additional 136 shares during the period. Strs Ohio acquired a new position in Vicor in the 1st quarter valued at about $56,000. iSAM Funds UK Ltd bought a new position in Vicor in the 3rd quarter valued at about $79,000. Finally, Tower Research Capital LLC TRC lifted its position in Vicor by 993.1% during the second quarter. Tower Research Capital LLC TRC now owns 3,782 shares of the electronics maker’s stock worth $172,000 after acquiring an additional 3,436 shares during the last quarter. 47.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on VICR. Wall Street Zen downgraded Vicor from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 23rd. Roth Capital began coverage on shares of Vicor in a report on Tuesday. They set a “buy” rating and a $115.00 price objective on the stock. Craig Hallum raised Vicor from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a research note on Wednesday, October 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Vicor in a report on Wednesday, October 8th. Finally, Zacks Research raised Vicor to a “hold” rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $98.33.

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.