Insider Selling: Vicor Co. (NASDAQ:VICR) CAO Sells 440 Shares of Stock

Vicor Co. (NASDAQ:VICR) CAO Quentin A. Fendelet sold 440 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $61.71, for a total transaction of $27,152.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Vicor Price Performance

Shares of VICR traded up $0.88 during mid-day trading on Tuesday, reaching $61.50. The company’s stock had a trading volume of 242,011 shares, compared to its average volume of 280,429. The stock has a market cap of $2.78 billion, a PE ratio of 117.84 and a beta of 1.51. Vicor Co. has a 12-month low of $30.90 and a 12-month high of $65.70. The company’s 50 day moving average is $52.13 and its 200 day moving average is $47.97.

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

Hedge Funds Weigh In On Vicor

Several hedge funds have recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. lifted its stake in shares of Vicor by 146.2% during the third 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 during the period. Headlands Technologies LLC acquired a new position in Vicor in the fourth quarter valued at $140,000. Truist Financial Corp purchased a new position in Vicor during the fourth quarter worth about $213,000. Net Worth Advisory Group acquired a new stake in Vicor in the 4th quarter worth about $218,000. Finally, Savant Capital LLC acquired a new stake in shares of Vicor in the fourth quarter worth approximately $223,000. Hedge funds and other institutional investors own 47.45% of the company’s stock.

Wall Street Analyst Weigh In

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

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.