Nancy Grava Sells 323 Shares of Vicor (NASDAQ:VICR) Stock

Vicor Corporation (NASDAQ:VICR) VP Nancy Grava sold 323 shares of Vicor stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $355.00, for a total transaction of $114,665.00. Following the completion of the transaction, the vice president directly owned 323 shares in the company, valued at approximately $114,665. This represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Vicor Stock Down 2.1%

NASDAQ:VICR opened at $334.84 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 $15.26 billion, a price-to-earnings ratio of 111.99 and a beta of 2.33. The company’s 50 day moving average is $232.17 and its 200-day moving average is $169.62.

Vicor (NASDAQ:VICR) last released its quarterly 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 net margin of 28.98% and a return on equity of 20.21%. The company had revenue of $112.97 million for the quarter, compared to analyst estimates of $109.05 million. During the same quarter last year, the firm posted $0.06 earnings per share. The company’s quarterly 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.

Hedge Funds Weigh In On Vicor

A number of hedge funds have recently made changes to their positions in VICR. Federated Hermes Inc. acquired a new position in shares of Vicor in the 4th quarter valued at $27,000. Harbour Investments Inc. acquired a new position in shares of Vicor in the 4th quarter valued at $32,000. Allworth Financial LP raised its stake in shares of Vicor by 960.0% in the 4th quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock valued at $35,000 after buying an additional 288 shares in the last quarter. NBC Securities Inc. acquired a new position in shares of Vicor in the 4th quarter valued at $36,000. Finally, SBI Securities Co. Ltd. raised its stake in shares of Vicor by 32,400.0% in the 4th quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker’s stock valued at $36,000 after buying an additional 324 shares in the last quarter. Institutional investors and hedge funds own 47.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Needham & Company LLC boosted their target price on shares of Vicor from $260.00 to $350.00 and gave the stock a “buy” rating in a research report on Tuesday. Roth Mkm reaffirmed a “buy” rating and set a $245.00 target price 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 lowered shares of Vicor from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Vicor has a consensus rating of “Buy” and an average target price of $228.33.

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.