Insider Selling: Vicor Co. (NASDAQ:VICR) VP Sells 856 Shares of Stock

Vicor Co. (NASDAQ:VICR) VP Alex Gusinov sold 856 shares of Vicor stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $59.01, for a total value of $50,512.56. Following the completion of the transaction, the vice president now owns 16,018 shares of the company’s stock, valued at approximately $945,222.18. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Vicor Stock Performance

NASDAQ VICR traded down $2.34 on Thursday, reaching $54.73. The company’s stock had a trading volume of 98,693 shares, compared to its average volume of 230,964. The stock has a market cap of $2.47 billion, a PE ratio of 118.90 and a beta of 1.48. Vicor Co. has a twelve month low of $30.90 and a twelve month high of $61.05. The firm’s 50 day moving average is $43.33 and its two-hundred day moving average is $38.26.

Vicor (NASDAQ:VICR) last released its quarterly earnings results on Tuesday, October 22nd. The electronics maker reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.13. Vicor had a return on equity of 4.00% and a net margin of 6.08%. The business had revenue of $93.17 million during the quarter, compared to analyst estimates of $85.23 million. During the same quarter last year, the company posted $0.37 EPS. Vicor’s revenue for the quarter was down 13.6% on a year-over-year basis.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Millennium Management LLC acquired a new position in shares of Vicor during the 2nd quarter valued at about $5,019,000. Federated Hermes Inc. bought a new position in shares of Vicor in the second quarter valued at approximately $4,192,000. Kennedy Capital Management LLC raised its position in shares of Vicor by 178.7% in the first quarter. Kennedy Capital Management LLC now owns 180,862 shares of the electronics maker’s stock valued at $6,916,000 after purchasing an additional 115,966 shares during the period. Dimensional Fund Advisors LP raised its holdings in Vicor by 14.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 543,153 shares of the electronics maker’s stock worth $18,012,000 after acquiring an additional 66,775 shares during the period. Finally, Bruce & Co. Inc. lifted its position in Vicor by 55.6% during the 2nd quarter. Bruce & Co. Inc. now owns 70,000 shares of the electronics maker’s stock worth $2,321,000 after acquiring an additional 25,000 shares during the last quarter. Institutional investors and hedge funds own 47.45% of the company’s stock.

Analyst Upgrades and Downgrades

VICR has been the subject of a number of recent research reports. Craig Hallum upped their price objective on Vicor from $35.00 to $43.00 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. Needham & Company LLC reiterated a “hold” rating on shares of Vicor in a research report on Wednesday, October 23rd.

Vicor Company Profile

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.