Vicor Co. (NASDAQ:VICR) VP Sells $50,512.56 in Stock

Vicor Co. (NASDAQ:VICR) VP Alex Gusinov sold 856 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $59.01, for a total value of $50,512.56. Following the sale, the vice president now directly owns 16,018 shares of the company’s stock, valued at $945,222.18. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Vicor Stock Performance

VICR stock traded down $2.34 during mid-day trading on Thursday, hitting $54.73. 98,693 shares of the company were exchanged, compared to its average volume of 230,964. The firm has a market cap of $2.47 billion, a P/E ratio of 118.90 and a beta of 1.48. Vicor Co. has a 1-year low of $30.90 and a 1-year high of $61.05. The firm’s 50 day simple moving average is $43.33 and its 200 day simple moving average is $38.26.

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

Institutional Investors Weigh In On Vicor

Institutional investors and hedge funds have recently modified their holdings of the company. The Manufacturers Life Insurance Company increased its stake in shares of Vicor by 4.8% during the second quarter. The Manufacturers Life Insurance Company now owns 12,021 shares of the electronics maker’s stock worth $399,000 after purchasing an additional 552 shares during the period. Headlands Technologies LLC boosted its position in shares of Vicor by 98.8% during the 2nd quarter. Headlands Technologies LLC now owns 1,147 shares of the electronics maker’s stock worth $38,000 after acquiring an additional 570 shares in the last quarter. GAMMA Investing LLC increased its stake in Vicor by 202.4% in the third quarter. GAMMA Investing LLC now owns 1,001 shares of the electronics maker’s stock valued at $42,000 after acquiring an additional 670 shares during the last quarter. Victory Capital Management Inc. raised its position in Vicor by 10.5% during the second quarter. Victory Capital Management Inc. now owns 8,482 shares of the electronics maker’s stock valued at $281,000 after purchasing an additional 808 shares in the last quarter. Finally, Point72 DIFC Ltd raised its position in Vicor by 66.7% during the second quarter. Point72 DIFC Ltd now owns 2,191 shares of the electronics maker’s stock valued at $73,000 after purchasing an additional 877 shares in the last quarter. 47.45% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on VICR. Craig Hallum raised their price objective on shares of Vicor from $35.00 to $43.00 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. Needham & Company LLC reissued a “hold” rating on shares of Vicor in a research note on Wednesday, October 23rd.

Vicor Company Profile

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.