Vicor (NASDAQ:VICR) VP Claudio Tuozzolo Sells 3,000 Shares

Vicor Corporation (NASDAQ:VICR) VP Claudio Tuozzolo sold 3,000 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $328.41, for a total transaction of $985,230.00. Following the transaction, the vice president owned 13,240 shares in the company, valued at approximately $4,348,148.40. This trade represents a 18.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Claudio Tuozzolo also recently made the following trade(s):

• On Friday, April 24th, Claudio Tuozzolo sold 11,035 shares of Vicor stock. The shares were sold at an average price of $270.50, for a total transaction of $2,984,967.50.

Vicor Stock Down 1.1%

NASDAQ:VICR opened at $342.09 on Friday. Vicor Corporation has a 12 month low of $41.76 and a 12 month high of $361.89. The firm has a market cap of $15.59 billion, a price-to-earnings ratio of 114.41 and a beta of 2.33. The company’s 50 day moving average is $229.31 and its 200-day moving average is $168.46.

Vicor (NASDAQ:VICR) last announced its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The business had revenue of $112.97 million for the quarter, compared to analyst estimates of $109.05 million. During the same quarter in the previous year, the firm posted $0.06 earnings per share. Vicor’s revenue was up 20.2% compared to the same quarter last year. Research analysts predict that Vicor Corporation will post 2.71 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on VICR. Zacks Research upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Wall Street Zen downgraded shares of Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Needham & Company LLC boosted their target price on shares of Vicor from $260.00 to $350.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Roth Mkm restated a “buy” rating and issued a $245.00 target price on shares of Vicor in a research note on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $228.33.

Institutional Trading of Vicor

A number of hedge funds have recently modified their holdings of the company. Axiom Investment Management LLC acquired a new stake in shares of Vicor in the 1st quarter valued at approximately $209,000. Vestor Capital LLC acquired a new stake in shares of Vicor in the 1st quarter valued at approximately $7,110,000. Bank of America Corp DE raised its position in shares of Vicor by 44.4% in the 1st quarter. Bank of America Corp DE now owns 102,107 shares of the electronics maker’s stock valued at $16,439,000 after acquiring an additional 31,399 shares during the period. Amundi raised its position in shares of Vicor by 43.7% in the 1st quarter. Amundi now owns 2,726 shares of the electronics maker’s stock valued at $439,000 after acquiring an additional 829 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in shares of Vicor by 28.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 465 shares of the electronics maker’s stock valued at $75,000 after acquiring an additional 103 shares during the period. 47.45% of the stock is currently owned by institutional investors and hedge funds.

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.