Vicor Co. (NASDAQ:VICR) Director Andrew D’amico Sells 1,800 Shares

Vicor Co. (NASDAQ:VICR) Director Andrew D’amico sold 1,800 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $62.89, for a total transaction of $113,202.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Andrew D’amico also recently made the following trade(s):

• On Wednesday, January 22nd, Andrew D’amico sold 4,000 shares of Vicor stock. The shares were sold at an average price of $59.75, for a total transaction of $239,000.00.
• On Monday, January 6th, Andrew D’amico sold 2,000 shares of Vicor stock. The shares were sold at an average price of $51.91, for a total transaction of $103,820.00.

Vicor Price Performance

Shares of Vicor stock traded up $0.53 during trading on Tuesday, hitting $60.88. The stock had a trading volume of 334,518 shares, compared to its average volume of 269,114. The stock has a market cap of $2.75 billion, a PE ratio of 116.99 and a beta of 1.51. Vicor Co. has a 12 month low of $30.90 and a 12 month high of $65.50. The firm’s fifty day simple moving average is $50.94 and its 200-day simple moving average is $47.08.

Vicor (NASDAQ:VICR) last issued its quarterly earnings results on Thursday, February 20th. The electronics maker reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.05. Vicor had a return on equity of 4.29% and a net margin of 6.46%. The firm had revenue of $96.17 million for the quarter, compared to the consensus estimate of $91.03 million.

Analysts Set New Price Targets

A number of analysts recently commented on VICR shares. StockNews.com upgraded Vicor from a “hold” rating to a “buy” rating in a research report on Monday. Needham & Company LLC reaffirmed a “hold” rating on shares of Vicor in a report on Tuesday, February 18th. Finally, Craig Hallum raised Vicor from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th.

Hedge Funds Weigh In On Vicor

A number of institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. increased its holdings in Vicor by 17.5% during the 4th quarter. JPMorgan Chase & Co. now owns 3,847,330 shares of the electronics maker’s stock worth $185,903,000 after purchasing an additional 572,093 shares during the period. Vanguard Group Inc. raised its stake in Vicor by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 2,529,448 shares of the electronics maker’s stock worth $122,223,000 after buying an additional 18,893 shares in the last quarter. Wealthfront Advisers LLC bought a new stake in Vicor during the fourth quarter valued at about $79,889,000. Needham Investment Management LLC lifted its position in shares of Vicor by 2.4% during the third quarter. Needham Investment Management LLC now owns 906,439 shares of the electronics maker’s stock valued at $38,161,000 after buying an additional 21,439 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of Vicor by 2.1% in the 3rd quarter. State Street Corp now owns 852,932 shares of the electronics maker’s stock valued at $35,908,000 after buying an additional 17,668 shares in the last quarter. 47.45% of the stock is owned by hedge funds and other institutional investors.

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.