Vicor (NASDAQ:VICR) Director Zmira Lavie Sells 908 Shares of Stock

Vicor Corporation (NASDAQ:VICR) Director Zmira Lavie sold 908 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $250.00, for a total transaction of $227,000.00. Following the transaction, the director directly owned 908 shares of the company’s stock, valued at $227,000. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Vicor Price Performance

NASDAQ:VICR opened at $217.35 on Thursday. The firm has a market capitalization of $10.02 billion, a P/E ratio of 69.66 and a beta of 2.37. The company’s fifty day moving average price is $263.96 and its 200-day moving average price is $233.19. Vicor Corporation has a 1-year low of $45.44 and a 1-year high of $382.65.

Vicor (NASDAQ:VICR) last released its quarterly earnings data on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.39. The business had revenue of $143.35 million during the quarter, compared to analyst estimates of $138.37 million. Vicor had a return on equity of 19.83% and a net margin of 30.65%.The company’s revenue was up 49.3% on a year-over-year basis. During the same quarter last year, the business posted $0.91 EPS. Equities analysts anticipate that Vicor Corporation will post 3.12 EPS for the current fiscal year.

Institutional Investors Weigh In On Vicor

Several hedge funds and other institutional investors have recently made changes to their positions in VICR. Andar Capital Management HK Ltd acquired a new position in Vicor in the 2nd quarter valued at about $101,100,000. Vanguard Group Inc. raised its position in shares of Vicor by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 2,534,534 shares of the electronics maker’s stock valued at $277,785,000 after buying an additional 60,963 shares during the period. BlackRock Inc. acquired a new position in Vicor in the second quarter valued at approximately $934,612,000. The Manufacturers Life Insurance Company lifted its holdings in Vicor by 39.6% in the first quarter. The Manufacturers Life Insurance Company now owns 603,364 shares of the electronics maker’s stock valued at $97,142,000 after acquiring an additional 171,175 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Vicor by 4.6% in the third quarter. Dimensional Fund Advisors LP now owns 578,515 shares of the electronics maker’s stock worth $28,759,000 after acquiring an additional 25,393 shares during the period. Institutional investors and hedge funds own 47.45% of the company’s stock.

Analyst Upgrades and Downgrades

VICR has been the subject of a number of analyst reports. Needham & Company LLC decreased their price objective on shares of Vicor from $400.00 to $320.00 and set a “buy” rating for the company in a research report on Tuesday, July 21st. Weiss Ratings upgraded Vicor from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 6th. Craig Hallum boosted their price objective on Vicor to $450.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Roth Capital lifted their price target on shares of Vicor from $285.00 to $375.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Finally, Wall Street Zen cut shares of Vicor from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $381.67.

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.