Vicor (NASDAQ:VICR) VP Sells $374,059.64 in Stock

by · The Markets Daily

Vicor Corporation (NASDAQ:VICR – Get Free Report) VP Alex Gusinov sold 3,844 shares of Vicor stock in a transaction on Monday, December 15th. The shares were sold at an average price of $97.31, for a total value of $374,059.64. Following the completion of the transaction, the vice president directly owned 10,340 shares of the company’s stock, valued at $1,006,185.40. This represents a 27.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Alex Gusinov also recently made the following trade(s):

  • On Friday, November 21st, Alex Gusinov sold 1,571 shares of Vicor stock. The shares were sold at an average price of $86.05, for a total value of $135,184.55.
  • On Tuesday, October 28th, Alex Gusinov sold 4,019 shares of Vicor stock. The shares were sold at an average price of $89.75, for a total value of $360,705.25.

Vicor Trading Up 2.5%

Shares of VICR traded up $2.29 on Wednesday, reaching $95.74. The company’s stock had a trading volume of 171,285 shares, compared to its average volume of 333,526. The firm has a fifty day moving average of $84.20 and a 200-day moving average of $60.67. Vicor Corporation has a twelve month low of $38.92 and a twelve month high of $102.19. The stock has a market capitalization of $4.27 billion, a PE ratio of 52.57 and a beta of 1.94.

Vicor (NASDAQ:VICR – Get Free Report) last posted its earnings results on Tuesday, October 21st. The electronics maker reported $0.63 EPS for the quarter, topping the consensus estimate of $0.20 by $0.43. Vicor had a net margin of 18.63% and a return on equity of 13.77%. The firm had revenue of $110.42 million for the quarter, compared to analysts’ expectations of $95.40 million. During the same quarter last year, the firm earned $0.26 EPS. The company’s quarterly revenue was up 18.5% compared to the same quarter last year.

Wall Street Analysts Forecast Growth

VICR has been the subject of a number of research analyst reports. Needham & Company LLC set a $90.00 price target on Vicor and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Roth Capital began coverage on Vicor in a research note on Tuesday. They issued a “buy” rating and a $115.00 price objective for the company. Wall Street Zen cut shares of Vicor from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 23rd. Craig Hallum upgraded shares of Vicor from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a research note on Wednesday, October 22nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vicor in a research note on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Vicor has a consensus rating of “Moderate Buy” and a consensus target price of $98.33.

Get Our Latest Stock Analysis on Vicor

Hedge Funds Weigh In On Vicor

Large investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of Vicor by 0.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 213,133 shares of the electronics maker’s stock valued at $9,970,000 after purchasing an additional 761 shares during the period. Invesco Ltd. increased its holdings in Vicor by 7.7% in the 1st quarter. Invesco Ltd. now owns 64,649 shares of the electronics maker’s stock worth $3,024,000 after buying an additional 4,621 shares during the period. Nuveen LLC purchased a new position in shares of Vicor during the first quarter worth $8,024,000. Public Sector Pension Investment Board boosted its holdings in Vicor by 26.9% in the first quarter. Public Sector Pension Investment Board now owns 73,086 shares of the electronics maker’s stock valued at $3,419,000 after purchasing an additional 15,476 shares during the last quarter. Finally, Algert Global LLC purchased a new position in shares of Vicor during the 1st quarter valued at about $661,000. 47.45% of the stock is owned by hedge funds and other institutional investors.

Vicor Company Profile

(Get Free Report)

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.

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