Robert Gendron Sells 4,571 Shares of Vicor (NASDAQ:VICR) Stock

Vicor Corporation (NASDAQ:VICR) VP Robert Gendron sold 4,571 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $330.00, for a total transaction of $1,508,430.00. Following the transaction, the vice president directly owned 577 shares of the company’s stock, valued at $190,410. This represents a 88.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Vicor Stock Performance

Shares of NASDAQ VICR opened at $342.09 on Friday. Vicor Corporation has a fifty-two week low of $41.76 and a fifty-two week high of $361.89. The company has a 50 day simple moving average of $229.31 and a two-hundred day simple moving average of $168.46. The company has a market capitalization of $15.59 billion, a price-to-earnings ratio of 114.41 and a beta of 2.33.

Vicor (NASDAQ:VICR) last posted its quarterly earnings results on Tuesday, April 21st. The electronics maker reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. The firm had revenue of $112.97 million for the quarter, compared to analysts’ expectations of $109.05 million. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The business’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.06 earnings per share. On average, analysts forecast that Vicor Corporation will post 2.71 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on VICR shares. Roth Mkm reissued a “buy” rating and set a $245.00 price target on shares of Vicor in a research report on Monday, April 20th. Wall Street Zen downgraded shares of Vicor from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Needham & Company LLC raised their price target on shares of Vicor from $260.00 to $350.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Zacks Research raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $228.33.

Institutional Investors Weigh In On Vicor

Large investors have recently added to or reduced their stakes in the stock. Federated Hermes Inc. bought a new position in Vicor in the 4th quarter worth $27,000. Blue Trust Inc. increased its position in Vicor by 1,814.3% in the first quarter. Blue Trust Inc. now owns 268 shares of the electronics maker’s stock worth $43,000 after buying an additional 254 shares in the last quarter. ROSS JOHNSON & Associates LLC increased its position in Vicor by 13,750.0% in the first quarter. ROSS JOHNSON & Associates LLC now owns 277 shares of the electronics maker’s stock worth $45,000 after buying an additional 275 shares in the last quarter. Harbour Investments Inc. purchased a new stake in Vicor in the fourth quarter worth about $32,000. Finally, Meeder Asset Management Inc. increased its position in Vicor by 189.4% in the first quarter. Meeder Asset Management Inc. now owns 301 shares of the electronics maker’s stock worth $48,000 after buying an additional 197 shares in the last quarter. Institutional investors own 47.45% of the company’s stock.

About Vicor

Vicor Corporation is a designer and manufacturer of modular power components and systems, serving a wide range of industries that demand high performance and efficiency. Headquartered in Andover, Massachusetts, the company develops power conversion solutions that help customers optimize energy delivery in applications from telecommunications and data centers to industrial and automotive systems.

The company’s product portfolio includes high-density DC-DC converters, AC-DC front-end modules, point-of-load regulators and complete power systems that combine multiple conversion stages in a single package.