Vicor (NASDAQ:VICR) VP Claudio Tuozzolo Sells 11,035 Shares

Vicor Corporation (NASDAQ:VICR) VP Claudio Tuozzolo sold 11,035 shares of the company’s stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $270.50, for a total transaction of $2,984,967.50. Following the completion of the sale, the vice president directly owned 13,240 shares in the company, valued at $3,581,420. This represents a 45.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, February 25th, Claudio Tuozzolo sold 4,643 shares of Vicor stock. The stock was sold at an average price of $197.85, for a total transaction of $918,617.55.
• On Monday, February 23rd, Claudio Tuozzolo sold 4,469 shares of Vicor stock. The stock was sold at an average price of $174.60, for a total value of $780,287.40.

Vicor Trading Down 1.8%

NASDAQ VICR opened at $268.61 on Tuesday. The stock’s fifty day moving average price is $187.47 and its 200-day moving average price is $138.38. The stock has a market cap of $12.19 billion, a P/E ratio of 89.84 and a beta of 1.97. Vicor Corporation has a 12 month low of $38.92 and a 12 month high of $293.95.

Vicor (NASDAQ:VICR) last announced its quarterly earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. The company 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%. Vicor’s revenue was up 20.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.06 EPS. As a group, analysts forecast that Vicor Corporation will post 2.71 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company grew its stake in shares of Vicor by 3,918.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 432,189 shares of the electronics maker’s stock valued at $47,368,000 after purchasing an additional 421,435 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Vicor by 1,542.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 439,820 shares of the electronics maker’s stock valued at $48,205,000 after buying an additional 413,038 shares during the last quarter. Millennium Management LLC raised its position in Vicor by 4,634.5% in the first quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock worth $12,379,000 after acquiring an additional 259,022 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of Vicor by 1,921.4% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 267,882 shares of the electronics maker’s stock worth $13,319,000 after acquiring an additional 254,630 shares during the last quarter. Finally, CIBC Bancorp USA Inc. purchased a new position in shares of Vicor during the 3rd quarter worth $12,625,000. Institutional investors own 47.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on VICR. Weiss Ratings reiterated a “hold (c)” rating on shares of Vicor in a research note on Wednesday, January 21st. Roth Mkm reaffirmed a “buy” rating and set a $245.00 price objective on shares of Vicor in a research report on Monday, April 20th. Wall Street Zen lowered Vicor from a “buy” rating to a “hold” rating in a research report on Saturday. Needham & Company LLC raised their price target on shares of Vicor from $180.00 to $260.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Finally, Zacks Research upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Vicor currently has a consensus rating of “Buy” and an average price target of $198.33.

Vicor Company Profile

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.