Insider Selling: Vicor (NASDAQ:VICR) VP Sells 730 Shares of Stock

Vicor Corporation (NASDAQ:VICR) VP Claudio Tuozzolo sold 730 shares of the firm’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $292.89, for a total transaction of $213,809.70. Following the completion of the transaction, the vice president directly owned 13,240 shares of the company’s stock, valued at approximately $3,877,863.60. The trade was a 5.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, May 26th, Claudio Tuozzolo sold 3,000 shares of Vicor stock. The shares were sold at an average price of $328.41, for a total transaction of $985,230.00.
• 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 Price Performance

NASDAQ:VICR traded up $7.84 during trading hours on Friday, hitting $305.90. The stock had a trading volume of 117,051 shares, compared to its average volume of 821,380. The company has a 50 day simple moving average of $256.03 and a two-hundred day simple moving average of $183.63. Vicor Corporation has a one year low of $41.76 and a one year high of $361.89. The firm has a market capitalization of $13.94 billion, a price-to-earnings ratio of 102.02 and a beta of 2.36.

Vicor (NASDAQ:VICR) last posted its quarterly earnings data 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 company had revenue of $112.97 million during the quarter, compared to the consensus estimate of $109.05 million. During the same period in the previous year, the firm posted $0.06 EPS. The firm’s revenue was up 20.2% compared to the same quarter last year. Equities research analysts anticipate that Vicor Corporation will post 2.71 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have weighed in on VICR shares. Roth Mkm reissued a “buy” rating and issued a $245.00 price target on shares of Vicor in a research note on Monday, April 20th. 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, May 26th. Zacks Research upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Wall Street Zen cut shares of Vicor from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Vicor in a research report on Monday, June 1st. 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’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $228.33.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company increased its holdings in Vicor by 3,918.9% during the fourth quarter. The Manufacturers Life Insurance Company now owns 432,189 shares of the electronics maker’s stock valued at $47,368,000 after buying an additional 421,435 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Vicor by 1,542.2% in the fourth 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 in the last quarter. Millennium Management LLC increased its stake in shares of Vicor by 4,634.5% in the first 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. Arrowstreet Capital Limited Partnership increased its stake in shares of Vicor by 1,921.4% in the third 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 in the last quarter. Finally, CIBC Bancorp USA Inc. purchased a new stake in shares of Vicor in the third quarter worth $12,625,000. Institutional investors own 47.45% of the company’s stock.

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.