Andrew D’amico Sells 1,216 Shares of Vicor (NASDAQ:VICR) Stock

Vicor Corporation (NASDAQ:VICR) Director Andrew D’amico sold 1,216 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $360.77, for a total transaction of $438,696.32. Following the sale, the director owned 1,216 shares of the company’s stock, valued at approximately $438,696.32. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Andrew D’amico also recently made the following trade(s):

• On Tuesday, June 23rd, Andrew D’amico sold 754 shares of Vicor stock. The shares were sold at an average price of $330.00, for a total transaction of $248,820.00.
• On Thursday, May 14th, Andrew D’amico sold 800 shares of Vicor stock. The shares were sold at an average price of $315.35, for a total transaction of $252,280.00.
• On Wednesday, May 13th, Andrew D’amico sold 1,200 shares of Vicor stock. The stock was sold at an average price of $312.31, for a total transaction of $374,772.00.
• On Tuesday, May 12th, Andrew D’amico sold 565 shares of Vicor stock. The shares were sold at an average price of $303.03, for a total transaction of $171,211.95.
• On Monday, May 4th, Andrew D’amico sold 7,512 shares of Vicor stock. The shares were sold at an average price of $252.89, for a total transaction of $1,899,709.68.
• On Monday, April 27th, Andrew D’amico sold 800 shares of Vicor stock. The shares were sold at an average price of $277.00, for a total transaction of $221,600.00.

Vicor Trading Up 2.9%

NASDAQ VICR opened at $331.59 on Friday. Vicor Corporation has a 1-year low of $41.76 and a 1-year high of $369.40. The firm’s fifty day simple moving average is $287.59 and its 200-day simple moving average is $200.40. The company has a market capitalization of $15.11 billion, a PE ratio of 110.90 and a beta of 2.36.

Vicor (NASDAQ:VICR) last released its quarterly earnings data on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. Vicor had a return on equity of 20.21% and a net margin of 28.98%.The firm had revenue of $112.97 million during the quarter, compared to analysts’ expectations of $109.05 million. During the same quarter last year, the firm earned $0.06 earnings per share. The business’s revenue for the quarter was up 20.2% on a year-over-year basis. As a group, analysts predict that Vicor Corporation will post 2.94 EPS for the current year.

Institutional Trading of Vicor

Several large investors have recently made changes to their positions in the stock. Royal Bank of Canada increased its holdings in shares of Vicor by 6.0% during the 1st quarter. Royal Bank of Canada now owns 15,167 shares of the electronics maker’s stock valued at $709,000 after acquiring an additional 857 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Vicor by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,537 shares of the electronics maker’s stock worth $633,000 after purchasing an additional 563 shares during the last quarter. Millennium Management LLC boosted its position in Vicor by 4,634.5% during the first quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock worth $12,379,000 after purchasing an additional 259,022 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Vicor by 38.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 41,541 shares of the electronics maker’s stock worth $1,943,000 after purchasing an additional 11,525 shares during the period. Finally, Acadian Asset Management LLC grew its holdings in Vicor by 56.1% during the first quarter. Acadian Asset Management LLC now owns 8,860 shares of the electronics maker’s stock valued at $413,000 after purchasing an additional 3,184 shares during the last quarter. Institutional investors own 47.45% of the company’s stock.

Key Headlines Impacting Vicor

Here are the key news stories impacting Vicor this week:

• Positive Sentiment: Analysts remain constructive on Vicor, with Craig Hallum, Needham, and Roth Mkm all raising price targets and keeping buy ratings. The stock still carries a consensus Buy rating, which supports the recent strength in shares.
• Positive Sentiment: Vicor’s last quarterly report showed solid execution, with EPS and revenue both beating expectations and revenue rising 20.2% year over year. That strong operating trend helps explain why the stock has been trading near its high end. Article Title
• Neutral Sentiment: Short-interest data showed no material change, with reported short interest still at 0 shares. This appears to be a non-event for investors. Article Title

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Wall Street Zen cut Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Needham & Company LLC raised their price objective on shares of Vicor to $400.00 and gave the company a “buy” rating in a research report on Monday. Roth Mkm lifted their target price on shares of Vicor from $285.00 to $375.00 and gave the company a “buy” rating in a research note on Monday. Craig Hallum boosted their target price on shares of Vicor to $450.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Vicor in a research note on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Vicor currently has an average rating of “Buy” and a consensus target price of $408.33.

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.