Vicor (NASDAQ:VICR) Director Zmira Lavie Sells 3,720 Shares of Stock

Vicor Corporation (NASDAQ:VICR) Director Zmira Lavie sold 3,720 shares of the stock in a transaction dated Tuesday, October 28th. The shares were sold at an average price of $89.58, for a total value of $333,237.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Vicor Stock Performance

Shares of VICR stock opened at $91.17 on Thursday. The stock’s 50-day simple moving average is $56.58 and its 200-day simple moving average is $49.31. The firm has a market capitalization of $4.10 billion, a PE ratio of 49.82 and a beta of 1.73. Vicor Corporation has a fifty-two week low of $38.92 and a fifty-two week high of $96.58.

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

Hedge Funds Weigh In On Vicor

A number of hedge funds have recently bought and sold shares of VICR. Optimum Investment Advisors purchased a new position in Vicor during the first quarter worth approximately $26,000. Manchester Capital Management LLC boosted its position 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 in the last quarter. Nisa Investment Advisors LLC boosted its position 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 in the last quarter. Strs Ohio purchased a new position in Vicor during the first quarter worth approximately $56,000. Finally, KBC Group NV acquired a new position in shares of Vicor during the first quarter valued at approximately $57,000. Hedge funds and other institutional investors own 47.45% of the company’s stock.

Analyst Ratings Changes

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