Vicor Co. (NASDAQ:VICR) VP Sells $213,744.00 in Stock

Vicor Co. (NASDAQ:VICR) VP Claudio Tuozzolo sold 3,504 shares of Vicor stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $61.00, for a total value of $213,744.00. Following the completion of the transaction, the vice president now directly owns 34,622 shares in the company, valued at $2,111,942. This represents a 9.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Vicor Trading Down 4.7 %

Vicor stock opened at $61.68 on Friday. Vicor Co. has a 1-year low of $30.90 and a 1-year high of $65.70. The firm’s fifty day simple moving average is $51.62 and its 200-day simple moving average is $47.47. The company has a market capitalization of $2.78 billion, a P/E ratio of 118.62 and a beta of 1.51.

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

Institutional Investors Weigh In On Vicor

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its holdings in Vicor by 17.5% during the fourth quarter. JPMorgan Chase & Co. now owns 3,847,330 shares of the electronics maker’s stock valued at $185,903,000 after purchasing an additional 572,093 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Vicor by 0.8% during the 4th 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 during the period. Wealthfront Advisers LLC acquired a new position in Vicor in the 4th quarter valued at $79,889,000. Needham Investment Management LLC raised its holdings in Vicor by 2.4% in the 3rd quarter. Needham Investment Management LLC now owns 906,439 shares of the electronics maker’s stock worth $38,161,000 after acquiring an additional 21,439 shares during the period. Finally, State Street Corp lifted its position in Vicor by 2.1% during the 3rd quarter. State Street Corp now owns 852,932 shares of the electronics maker’s stock worth $35,908,000 after acquiring an additional 17,668 shares during the last quarter. 47.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VICR has been the topic of several research analyst reports. StockNews.com raised Vicor from a “hold” rating to a “buy” rating in a research note on Monday. Craig Hallum upgraded Vicor from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Vicor in a research note on Tuesday, February 18th.

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.