Vicor (NASDAQ:VICR) CAO Quentin Fendelet Sells 5,060 Shares

Vicor Corporation (NASDAQ:VICR) CAO Quentin Fendelet sold 5,060 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $277.07, for a total value of $1,401,974.20. Following the sale, the chief accounting officer owned 2,434 shares in the company, valued at $674,388.38. This trade represents a 67.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Vicor Stock Down 1.9%

NASDAQ:VICR opened at $256.47 on Friday. Vicor Corporation has a 52 week low of $40.54 and a 52 week high of $293.95. The stock has a market capitalization of $11.64 billion, a PE ratio of 85.78 and a beta of 2.33. The stock’s 50-day moving average price is $199.16 and its 200-day moving average price is $147.20.

Vicor (NASDAQ:VICR) last posted its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. Vicor had a return on equity of 20.21% and a net margin of 28.98%.The firm had revenue of $112.97 million for the quarter, compared to analysts’ expectations of $109.05 million. During the same period last year, the firm earned $0.06 EPS. The company’s quarterly revenue was up 20.2% on a year-over-year basis. Sell-side analysts expect that Vicor Corporation will post 2.71 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vicor

Several institutional investors and hedge funds have recently added to or reduced their stakes in VICR. The Manufacturers Life Insurance Company boosted its stake in Vicor by 3,918.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 432,189 shares of the electronics maker’s stock worth $47,368,000 after purchasing an additional 421,435 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Vicor by 1,542.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 439,820 shares of the electronics maker’s stock worth $48,205,000 after purchasing an additional 413,038 shares during the last quarter. Millennium Management LLC boosted its stake in Vicor by 4,634.5% during the 1st quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock worth $12,379,000 after purchasing an additional 259,022 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Vicor by 1,921.4% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 267,882 shares of the electronics maker’s stock worth $13,319,000 after purchasing an additional 254,630 shares during the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new stake in Vicor during the 3rd quarter worth $12,625,000. Institutional investors and hedge funds own 47.45% of the company’s stock.

Analysts Set New Price Targets

VICR has been the subject of several recent analyst reports. Wall Street Zen lowered shares of Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Weiss Ratings reissued a “hold (c)” rating on shares of Vicor in a report on Wednesday, January 21st. Needham & Company LLC boosted their price target on shares of Vicor from $180.00 to $260.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Zacks Research raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. Finally, Roth Mkm reissued a “buy” rating and issued a $245.00 price target on shares of Vicor in a report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Vicor currently has an average rating of “Buy” and a consensus price target of $198.33.

About Vicor

Vicor Corporation is a designer and manufacturer of modular power components and systems, serving a wide range of industries that demand high performance and efficiency. Headquartered in Andover, Massachusetts, the company develops power conversion solutions that help customers optimize energy delivery in applications from telecommunications and data centers to industrial and automotive systems.

The company’s product portfolio includes high-density DC-DC converters, AC-DC front-end modules, point-of-load regulators and complete power systems that combine multiple conversion stages in a single package.