Andrew D’amico Sells 2,000 Shares of Vicor Co. (NASDAQ:VICR) Stock

Vicor Co. (NASDAQ:VICR) Director Andrew D’amico sold 2,000 shares of the company’s stock in a transaction 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 at the SEC website.

Vicor Trading Down 1.6 %

Vicor stock opened at $49.28 on Thursday. The business’s 50 day simple moving average is $53.03 and its 200 day simple moving average is $43.48. Vicor Co. has a 12 month low of $30.90 and a 12 month high of $61.05. The company has a market cap of $2.22 billion, a price-to-earnings ratio of 102.67 and a beta of 1.50.

Vicor (NASDAQ:VICR) last issued 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. Vicor had a net margin of 6.08% and a return on equity of 4.00%. The firm had revenue of $93.17 million during the quarter, compared to analyst estimates of $85.23 million. During the same quarter last year, the business earned $0.37 earnings per share. The company’s quarterly revenue was down 13.6% on a year-over-year basis.

Institutional Investors Weigh In On Vicor

Several institutional investors have recently made changes to their positions in VICR. Eastern Bank purchased a new stake in shares of Vicor in the third quarter worth $42,000. GAMMA Investing LLC boosted its position in shares of Vicor by 202.4% during the 3rd quarter. GAMMA Investing LLC now owns 1,001 shares of the electronics maker’s stock valued at $42,000 after acquiring an additional 670 shares during the last quarter. Headlands Technologies LLC grew its holdings in shares of Vicor by 98.8% during the second quarter. Headlands Technologies LLC now owns 1,147 shares of the electronics maker’s stock worth $38,000 after purchasing an additional 570 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. increased its position in shares of Vicor by 146.2% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,162 shares of the electronics maker’s stock worth $49,000 after purchasing an additional 690 shares during the last quarter. Finally, Point72 DIFC Ltd raised its stake in Vicor by 66.7% in the second quarter. Point72 DIFC Ltd now owns 2,191 shares of the electronics maker’s stock valued at $73,000 after purchasing an additional 877 shares in the last quarter. Hedge funds and other institutional investors own 47.45% of the company’s stock.

Wall Street Analyst Weigh In

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