Vicor Co. (NASDAQ:VICR) VP Sells $50,512.56 in Stock

Vicor Co. (NASDAQ:VICR) VP Alex Gusinov sold 856 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $59.01, for a total transaction of $50,512.56. Following the completion of the transaction, the vice president now directly owns 16,018 shares of the company’s stock, valued at approximately $945,222.18. This trade represents a 5.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Vicor Price Performance

VICR stock opened at $51.95 on Friday. The firm has a 50 day simple moving average of $44.02 and a two-hundred day simple moving average of $38.48. The stock has a market cap of $2.34 billion, a PE ratio of 108.23 and a beta of 1.48. Vicor Co. has a one year low of $30.90 and a one year high of $61.05.

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

Analysts Set New Price Targets

A number of research firms have recently commented on VICR. Needham & Company LLC reaffirmed a “hold” rating on shares of Vicor in a report on Wednesday, October 23rd. Craig Hallum increased their price objective on Vicor from $35.00 to $43.00 and gave the stock a “hold” rating in a research report on Wednesday, October 23rd.

Hedge Funds Weigh In On Vicor

Institutional investors have recently modified their holdings of the company. Millennium Management LLC purchased a new stake in Vicor in the second quarter worth approximately $5,019,000. Federated Hermes Inc. bought a new stake in shares of Vicor in the 2nd quarter worth approximately $4,192,000. Kennedy Capital Management LLC boosted its stake in shares of Vicor by 178.7% in the 1st 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 in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Vicor by 14.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 543,153 shares of the electronics maker’s stock valued at $18,012,000 after purchasing an additional 66,775 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Vicor by 6.3% in the 3rd quarter. Geode Capital Management LLC now owns 572,195 shares of the electronics maker’s stock worth $24,094,000 after purchasing an additional 33,696 shares during the period. 47.45% of the stock is currently owned by institutional investors.

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.