Vicor Co. (NASDAQ:VICR) VP Sells $213,744.00 in Stock

Vicor Co. (NASDAQ:VICR) VP Claudio Tuozzolo sold 3,504 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $61.00, for a total value of $213,744.00. Following the completion of the sale, the vice president now owns 34,622 shares in the company, valued at $2,111,942. This trade represents a 9.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Vicor Stock Up 7.1 %

NASDAQ VICR opened at $64.71 on Thursday. The firm has a market cap of $2.92 billion, a price-to-earnings ratio of 124.44 and a beta of 1.51. The company has a 50-day simple moving average of $51.37 and a two-hundred day simple moving average of $47.37. Vicor Co. has a 12-month low of $30.90 and a 12-month high of $65.70.

Vicor (NASDAQ:VICR) last announced its quarterly earnings results on Thursday, February 20th. The electronics maker reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. The business had revenue of $96.17 million for the quarter, compared to analyst estimates of $91.03 million. Vicor had a net margin of 6.46% and a return on equity of 4.29%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on VICR. Needham & Company LLC reiterated a “hold” rating on shares of Vicor in a research report on Tuesday, February 18th. Craig Hallum raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. Finally, StockNews.com raised shares of Vicor from a “hold” rating to a “buy” rating in a report on Monday.

Institutional Investors Weigh In On Vicor

Hedge funds have recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. increased its stake in shares of Vicor by 146.2% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,162 shares of the electronics maker’s stock worth $49,000 after acquiring an additional 690 shares in the last quarter. Headlands Technologies LLC purchased a new stake in Vicor in the fourth quarter worth about $140,000. Truist Financial Corp bought a new position in shares of Vicor during the fourth quarter valued at approximately $213,000. Net Worth Advisory Group purchased a new position in shares of Vicor during the fourth quarter valued at approximately $218,000. Finally, Savant Capital LLC bought a new stake in shares of Vicor in the 4th quarter worth approximately $223,000. 47.45% of the stock is currently owned by institutional investors.

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.