Vicor (NASDAQ:VICR) VP Robert Gendron Sells 4,571 Shares

Vicor Corporation (NASDAQ:VICR) VP Robert Gendron sold 4,571 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $330.00, for a total transaction of $1,508,430.00. Following the completion of the transaction, the vice president directly owned 577 shares of the company’s stock, valued at $190,410. This trade represents a 88.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Vicor Stock Up 3.9%

VICR traded up $12.89 during trading on Wednesday, hitting $345.84. The company had a trading volume of 1,187,750 shares, compared to its average volume of 841,657. The company has a market capitalization of $15.76 billion, a PE ratio of 115.67 and a beta of 2.33. Vicor Corporation has a one year low of $41.74 and a one year high of $361.89. The firm’s 50-day moving average price is $223.18 and its 200 day moving average price is $164.85.

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

Institutional Investors Weigh In On Vicor

A number of institutional investors and hedge funds have recently made changes to their positions in VICR. Royal Bank of Canada raised its stake in shares of Vicor by 6.0% during the 1st quarter. Royal Bank of Canada now owns 15,167 shares of the electronics maker’s stock worth $709,000 after purchasing an additional 857 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Vicor by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,537 shares of the electronics maker’s stock worth $633,000 after purchasing an additional 563 shares in the last quarter. Millennium Management LLC raised its stake in shares of 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Vicor by 38.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 41,541 shares of the electronics maker’s stock worth $1,943,000 after purchasing an additional 11,525 shares in the last quarter. Finally, Acadian Asset Management LLC raised its stake in shares of Vicor by 56.1% during the 1st quarter. Acadian Asset Management LLC now owns 8,860 shares of the electronics maker’s stock worth $413,000 after purchasing an additional 3,184 shares in the last quarter. Institutional investors own 47.45% of the company’s stock.

Wall Street Analyst Weigh In

VICR has been the topic of several research reports. Needham & Company LLC boosted their price objective on shares of Vicor from $260.00 to $350.00 and gave the company a “buy” rating in a research report on Tuesday. Roth Mkm reaffirmed a “buy” rating and issued a $245.00 price objective on shares of Vicor in a research report on Monday, April 20th. Zacks Research raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Finally, Wall Street Zen cut shares of Vicor from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Vicor has a consensus rating of “Buy” and a consensus target price of $228.33.

Vicor Company Profile

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.