Vicor Co. (NASDAQ:VICR) Director Sells $103,820.00 in Stock

Vicor Co. (NASDAQ:VICR) Director Andrew D’amico sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $51.91, for a total transaction of $103,820.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Vicor Stock Down 1.6 %

NASDAQ:VICR opened at $49.28 on Friday. The company’s 50 day moving average is $53.11 and its 200-day moving average is $43.53. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 102.67 and a beta of 1.50. Vicor Co. has a 12 month low of $30.90 and a 12 month high of $61.05.

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

Institutional Trading of Vicor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Eastern Bank bought a new stake in shares of Vicor in the third quarter valued at approximately $42,000. GAMMA Investing LLC raised its position in shares of Vicor by 202.4% during the third quarter. GAMMA Investing LLC now owns 1,001 shares of the electronics maker’s stock valued at $42,000 after buying an additional 670 shares during the last quarter. Headlands Technologies LLC lifted its stake in shares of Vicor by 98.8% in the second quarter. Headlands Technologies LLC now owns 1,147 shares of the electronics maker’s stock valued at $38,000 after buying an additional 570 shares during the period. Point72 Asia Singapore Pte. Ltd. increased its stake in Vicor by 146.2% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,162 shares of the electronics maker’s stock valued at $49,000 after acquiring an additional 690 shares during the period. Finally, Point72 DIFC Ltd lifted its position in shares of Vicor by 66.7% in the 2nd quarter. Point72 DIFC Ltd now owns 2,191 shares of the electronics maker’s stock worth $73,000 after acquiring an additional 877 shares during the period. Institutional investors and hedge funds own 47.45% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on VICR shares. Needham & Company LLC reiterated a “hold” rating on shares of Vicor in a report on Wednesday, October 23rd. Craig Hallum upped their price target on Vicor from $35.00 to $43.00 and gave the stock a “hold” rating in a research note 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.