Vicor (NASDAQ:VICR) Director Andrew D’amico Sells 2,071 Shares

Vicor Corporation (NASDAQ:VICR) Director Andrew D’amico sold 2,071 shares of the company’s stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $94.80, for a total transaction of $196,330.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Andrew D’amico also recently made the following trade(s):

• On Thursday, October 23rd, Andrew D’amico sold 565 shares of Vicor stock. The shares were sold at an average price of $90.00, for a total transaction of $50,850.00.
• On Wednesday, October 22nd, Andrew D’amico sold 14,677 shares of Vicor stock. The shares were sold at an average price of $82.53, for a total transaction of $1,211,292.81.
• On Tuesday, October 21st, Andrew D’amico sold 1,000 shares of Vicor stock. The shares were sold at an average price of $68.00, for a total transaction of $68,000.00.

Vicor Stock Performance

Shares of NASDAQ:VICR opened at $89.65 on Wednesday. Vicor Corporation has a 52 week low of $38.92 and a 52 week high of $96.58. The company has a market capitalization of $4.03 billion, a PE ratio of 48.99 and a beta of 1.73. The company has a 50 day moving average price of $55.69 and a two-hundred day moving average price of $49.00.

Vicor (NASDAQ:VICR) last issued its earnings results on Tuesday, October 21st. The electronics maker reported $0.63 EPS for the quarter, beating the consensus estimate of $0.20 by $0.43. Vicor had a net margin of 18.63% and a return on equity of 13.77%. The firm had revenue of $110.42 million during the quarter, compared to the consensus estimate of $95.40 million. During the same quarter in the prior year, the firm earned $0.26 earnings per share. The business’s quarterly revenue was up 18.5% on a year-over-year basis.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Optimum Investment Advisors acquired a new position in Vicor during the first quarter worth $26,000. Manchester Capital Management LLC boosted its holdings in Vicor by 76.8% during the first quarter. Manchester Capital Management LLC now owns 610 shares of the electronics maker’s stock worth $29,000 after purchasing an additional 265 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in Vicor by 53.4% during the third quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker’s stock worth $30,000 after purchasing an additional 210 shares during the last quarter. Strs Ohio acquired a new position in Vicor during the first quarter worth $56,000. Finally, KBC Group NV acquired a new position in Vicor during the first quarter worth $57,000. Institutional investors and hedge funds own 47.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Wall Street Zen raised shares of Vicor from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Craig Hallum upgraded shares of Vicor from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a report on Wednesday, October 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Vicor in a report on Wednesday, October 8th. Finally, Needham & Company LLC set a $90.00 price target on shares of Vicor and gave the company a “buy” rating in a report on Wednesday, October 22nd. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $90.00.

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.