Vicor Co. (NASDAQ:VICR) VP Sells $50,512.56 in Stock

Vicor Co. (NASDAQ:VICR) VP Alex Gusinov sold 856 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $59.01, for a total value of $50,512.56. Following the completion of the transaction, the vice president now owns 16,018 shares of the company’s stock, valued at $945,222.18. The trade was a 5.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Vicor Stock Down 1.6 %

Shares of VICR stock opened at $51.95 on Friday. Vicor Co. has a fifty-two week low of $30.90 and a fifty-two week high of $61.05. The firm’s 50 day moving average price is $43.68 and its two-hundred day moving average price is $38.36. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of 108.31 and a beta of 1.48.

Vicor (NASDAQ:VICR) last announced its quarterly earnings results on Tuesday, October 22nd. The electronics maker reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.13. Vicor had a net margin of 6.08% and a return on equity of 4.00%. The firm had revenue of $93.17 million during the quarter, compared to analysts’ expectations of $85.23 million. During the same period in the prior year, the company earned $0.37 EPS. The firm’s revenue was down 13.6% on a year-over-year basis.

Institutional Investors Weigh In On Vicor

Large investors have recently modified their holdings of the stock. Headlands Technologies LLC boosted its holdings in Vicor by 98.8% in the 2nd quarter. Headlands Technologies LLC now owns 1,147 shares of the electronics maker’s stock worth $38,000 after acquiring an additional 570 shares during the period. GAMMA Investing LLC lifted its position in shares of Vicor by 202.4% during the third quarter. GAMMA Investing LLC now owns 1,001 shares of the electronics maker’s stock worth $42,000 after purchasing an additional 670 shares in the last quarter. Eastern Bank purchased a new position in shares of Vicor in the third quarter valued at $42,000. Point72 Asia Singapore Pte. Ltd. grew its holdings in 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 purchasing an additional 690 shares in the last quarter. Finally, Point72 DIFC Ltd increased its stake in Vicor by 66.7% during 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 period. Institutional investors and hedge funds own 47.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on VICR shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Vicor in a research note on Wednesday, October 23rd. Craig Hallum upped their price objective on Vicor from $35.00 to $43.00 and gave the stock a “hold” rating in a report on Wednesday, October 23rd.

About Vicor

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.