Insider Selling: Vicor Co. (NASDAQ:VICR) Director Sells 2,000 Shares of Stock

Vicor Co. (NASDAQ:VICR) Director Andrew D’amico sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $51.91, for a total value of $103,820.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Vicor Stock Performance

VICR stock opened at $49.28 on Friday. Vicor Co. has a one year low of $30.90 and a one year high of $61.05. The firm has a market cap of $2.22 billion, a PE ratio of 102.67 and a beta of 1.50. The firm’s 50 day moving average price is $53.11 and its 200-day moving average price is $43.53.

Vicor (NASDAQ:VICR) last posted its earnings results on Tuesday, October 22nd. The electronics maker reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.13. The company had revenue of $93.17 million for the quarter, compared to the consensus estimate of $85.23 million. Vicor had a return on equity of 4.00% and a net margin of 6.08%. The company’s revenue for the quarter was down 13.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.37 earnings per share.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Headlands Technologies LLC increased its position in shares of Vicor by 98.8% during the second quarter. Headlands Technologies LLC now owns 1,147 shares of the electronics maker’s stock valued at $38,000 after acquiring an additional 570 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Vicor by 202.4% during the 3rd quarter. GAMMA Investing LLC now owns 1,001 shares of the electronics maker’s stock worth $42,000 after purchasing an additional 670 shares during the period. Eastern Bank acquired a new stake in Vicor in the 3rd quarter valued at approximately $42,000. Point72 Asia Singapore Pte. Ltd. raised its position in Vicor by 146.2% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,162 shares of the electronics maker’s stock valued at $49,000 after purchasing an additional 690 shares during the period. Finally, Point72 DIFC Ltd lifted its stake in Vicor by 66.7% during the second quarter. Point72 DIFC Ltd now owns 2,191 shares of the electronics maker’s stock worth $73,000 after purchasing an additional 877 shares in the last quarter. Institutional investors and hedge funds own 47.45% of the company’s stock.

Analyst Ratings Changes

VICR has been the subject of several analyst reports. Needham & Company LLC restated a “hold” rating on shares of Vicor in a report on Wednesday, October 23rd. Craig Hallum upped their price objective on shares of Vicor from $35.00 to $43.00 and gave the company a “hold” rating in a report on Wednesday, October 23rd.

About Vicor

Vicor Corporation, together with its subsidiaries, designs, develops, manufactures, and markets modular power components and power systems for converting electrical power in the United States, Europe, the Asia Pacific, and internationally. The company offers a range of brick-format DC-DC converters; complementary components provide AC line rectification, input filtering, power factor correction, and transient protection; and input and output voltage, and output power products, as well as electrical and mechanical accessories.