Vicor Co. (NASDAQ:VICR) VP Alex Gusinov Sells 856 Shares

Vicor Co. (NASDAQ:VICR) VP Alex Gusinov sold 856 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $59.01, for a total transaction of $50,512.56. Following the completion of the sale, the vice president now directly owns 16,018 shares in the company, valued at approximately $945,222.18. This represents a 5.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Vicor Stock Down 1.5 %

VICR traded down $0.80 during trading on Friday, hitting $51.99. 29,791 shares of the company’s stock were exchanged, compared to its average volume of 231,308. The business’s 50 day moving average is $43.68 and its two-hundred day moving average is $38.36. The stock has a market cap of $2.35 billion, a P/E ratio of 108.31 and a beta of 1.48. Vicor Co. has a fifty-two week low of $30.90 and a fifty-two week high of $61.05.

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

Hedge Funds Weigh In On Vicor

Large investors have recently modified their holdings of the business. 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 buying an additional 570 shares during the period. 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. Eastern Bank purchased a new stake in Vicor during the third quarter valued at about $42,000. Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of Vicor by 146.2% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,162 shares of the electronics maker’s stock valued at $49,000 after buying an additional 690 shares in the last quarter. Finally, Point72 DIFC Ltd lifted its position in Vicor by 66.7% in the 2nd quarter. Point72 DIFC Ltd now owns 2,191 shares of the electronics maker’s stock worth $73,000 after buying an additional 877 shares during the last quarter. Hedge funds and other institutional investors own 47.45% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on VICR. Needham & Company LLC restated a “hold” rating on shares of Vicor in a report on Wednesday, October 23rd. Craig Hallum raised their target price on Vicor from $35.00 to $43.00 and gave the company a “hold” rating 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.