Vicor Co. (NASDAQ:VICR) VP Nancy L. Grava Sells 1,277 Shares

Vicor Co. (NASDAQ:VICR) VP Nancy L. Grava sold 1,277 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $33.91, for a total value of $43,303.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Vicor Stock Performance

NASDAQ:VICR opened at $33.50 on Tuesday. Vicor Co. has a 1 year low of $30.90 and a 1 year high of $98.38. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 33.50 and a beta of 1.53. The business has a fifty day moving average of $36.15 and a 200-day moving average of $38.94.

Vicor (NASDAQ:VICR) last released its quarterly earnings results on Tuesday, April 23rd. The electronics maker reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.04). Vicor had a return on equity of 8.55% and a net margin of 11.49%. The business had revenue of $83.80 million during the quarter, compared to the consensus estimate of $84.83 million. During the same period in the previous year, the company posted $0.25 EPS. The company’s revenue for the quarter was down 14.3% compared to the same quarter last year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Byrne Asset Management LLC bought a new position in Vicor during the fourth quarter valued at about $35,000. PNC Financial Services Group Inc. boosted its stake in Vicor by 37.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,111 shares of the electronics maker’s stock valued at $50,000 after buying an additional 303 shares in the last quarter. New Mexico Educational Retirement Board bought a new position in Vicor during the first quarter valued at about $172,000. Acadian Asset Management LLC boosted its stake in Vicor by 30.0% during the third quarter. Acadian Asset Management LLC now owns 3,056 shares of the electronics maker’s stock valued at $178,000 after buying an additional 706 shares in the last quarter. Finally, Federated Hermes Inc. boosted its stake in Vicor by 913.5% during the third quarter. Federated Hermes Inc. now owns 3,456 shares of the electronics maker’s stock valued at $204,000 after buying an additional 3,115 shares in the last quarter. Institutional investors own 47.45% of the company’s stock.

Analyst Upgrades and Downgrades

VICR has been the topic of several analyst reports. Craig Hallum dropped their target price on Vicor from $40.00 to $35.00 and set a “hold” rating on the stock in a research report on Wednesday, April 24th. StockNews.com lowered Vicor from a “hold” rating to a “sell” rating in a research report on Sunday, April 28th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Vicor in a research report on Wednesday, April 24th.

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.