Vicor (NASDAQ:VICR) VP Philip Davies Sells 3,073 Shares of Stock

Vicor Corporation (NASDAQ:VICR) VP Philip Davies sold 3,073 shares of the stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $177.70, for a total value of $546,072.10. Following the transaction, the vice president directly owned 1,920 shares in the company, valued at $341,184. The trade was a 61.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Vicor Price Performance

VICR stock opened at $178.76 on Friday. Vicor Corporation has a 1 year low of $47.56 and a 1 year high of $382.65. The company has a market cap of $8.24 billion, a P/E ratio of 57.30 and a beta of 2.35. The stock’s fifty day moving average price is $234.31 and its 200-day moving average price is $235.71.

Vicor (NASDAQ:VICR) last posted its quarterly earnings data on Tuesday, July 21st. The electronics maker reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.39. Vicor had a return on equity of 19.83% and a net margin of 30.65%.The company had revenue of $143.35 million during the quarter, compared to analysts’ expectations of $138.37 million. During the same quarter in the prior year, the business earned $0.91 earnings per share. Vicor’s revenue for the quarter was up 49.3% compared to the same quarter last year. As a group, analysts expect that Vicor Corporation will post 3.28 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Roth Capital upped their price target on shares of Vicor from $285.00 to $375.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Craig Hallum raised their price objective on shares of Vicor to $450.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Zacks Research cut shares of Vicor from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 2nd. Needham & Company LLC decreased their price target on shares of Vicor from $400.00 to $320.00 and set a “buy” rating on the stock in a research report on Tuesday, July 21st. Finally, Weiss Ratings cut shares of Vicor from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, August 20th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $381.67.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Andar Capital Management HK Ltd bought a new position in Vicor during the second quarter valued at approximately $101,100,000. California State Teachers Retirement System increased its stake in Vicor by 38,392.1% in the 2nd quarter. California State Teachers Retirement System now owns 10,377,868 shares of the electronics maker’s stock worth $3,941,307,000 after acquiring an additional 10,350,907 shares during the last quarter. BlackRock Inc. bought a new stake in Vicor in the 2nd quarter worth approximately $934,612,000. The Manufacturers Life Insurance Company raised its holdings in shares of Vicor by 3,918.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 432,189 shares of the electronics maker’s stock worth $47,368,000 after acquiring an additional 421,435 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Vicor by 1,542.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 439,820 shares of the electronics maker’s stock worth $48,205,000 after acquiring an additional 413,038 shares in the last quarter. 47.45% of the stock is owned by hedge funds and other institutional investors.

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.