Vicor (NASDAQ:VICR) VP Sells $985,230.00 in Stock

Vicor Corporation (NASDAQ:VICR) VP Claudio Tuozzolo sold 3,000 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $328.41, for a total value of $985,230.00. Following the transaction, the vice president directly owned 13,240 shares in the company, valued at $4,348,148.40. This represents a 18.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Claudio Tuozzolo also recently made the following trade(s):

• On Friday, April 24th, Claudio Tuozzolo sold 11,035 shares of Vicor stock. The shares were sold at an average price of $270.50, for a total value of $2,984,967.50.

Vicor Price Performance

Shares of NASDAQ:VICR opened at $334.84 on Friday. The business’s 50-day moving average is $232.17 and its 200 day moving average is $169.62. Vicor Corporation has a 1 year low of $41.76 and a 1 year high of $361.89. The firm has a market capitalization of $15.26 billion, a P/E ratio of 111.99 and a beta of 2.33.

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

Institutional Trading of Vicor

Large investors have recently added to or reduced their stakes in the company. Federated Hermes Inc. purchased a new stake in shares of Vicor in the fourth quarter worth about $27,000. Harbour Investments Inc. purchased a new stake in shares of Vicor in the fourth quarter worth about $32,000. Allworth Financial LP boosted its stake in shares of Vicor by 960.0% in the fourth quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock worth $35,000 after buying an additional 288 shares during the last quarter. NBC Securities Inc. purchased a new stake in shares of Vicor in the fourth quarter worth about $36,000. Finally, SBI Securities Co. Ltd. boosted its stake in shares of Vicor by 32,400.0% in the fourth quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker’s stock worth $36,000 after buying an additional 324 shares during the last quarter. Hedge funds and other institutional investors own 47.45% of the company’s stock.

Wall Street Analysts Forecast Growth

VICR has been the topic of several research analyst reports. Zacks Research upgraded Vicor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Roth Mkm reiterated a “buy” rating and set a $245.00 price target on shares of Vicor in a research note on Monday, April 20th. Needham & Company LLC boosted their price target on Vicor from $260.00 to $350.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Wall Street Zen downgraded Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $228.33.

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.