Insider Selling: Vicor (NASDAQ:VICR) VP Sells $668,800.00 in Stock

Vicor Corporation (NASDAQ:VICR) VP Alex Gusinov sold 3,344 shares of the firm’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $200.00, for a total value of $668,800.00. Following the transaction, the vice president owned 6,996 shares of the company’s stock, valued at $1,399,200. This trade represents a 32.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Alex Gusinov also recently made the following trade(s):

• On Monday, December 15th, Alex Gusinov sold 3,844 shares of Vicor stock. The shares were sold at an average price of $97.31, for a total value of $374,059.64.

Vicor Price Performance

Vicor stock opened at $201.40 on Monday. The firm has a market capitalization of $8.99 billion, a P/E ratio of 77.17 and a beta of 1.83. The stock has a fifty day moving average price of $149.45 and a two-hundred day moving average price of $98.24. Vicor Corporation has a 52-week low of $38.92 and a 52-week high of $205.92.

Vicor (NASDAQ:VICR) last posted its earnings results on Thursday, February 19th. The electronics maker reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.63. The business had revenue of $107.26 million for the quarter, compared to analyst estimates of $107.78 million. Vicor had a net margin of 26.19% and a return on equity of 18.73%. The firm’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.23 EPS.

Hedge Funds Weigh In On Vicor

Several hedge funds have recently added to or reduced their stakes in VICR. Pacer Advisors Inc. raised its holdings in Vicor by 240.4% during the 4th quarter. Pacer Advisors Inc. now owns 5,681 shares of the electronics maker’s stock worth $623,000 after purchasing an additional 4,012 shares during the last quarter. Invesco Ltd. grew its position in shares of Vicor by 125.8% during the 4th quarter. Invesco Ltd. now owns 148,659 shares of the electronics maker’s stock worth $16,293,000 after buying an additional 82,831 shares during the period. Corient Private Wealth LLC raised its stake in shares of Vicor by 3.9% during the fourth quarter. Corient Private Wealth LLC now owns 4,861 shares of the electronics maker’s stock worth $533,000 after buying an additional 184 shares during the last quarter. State of Tennessee Department of Treasury boosted its stake in Vicor by 10.5% in the fourth quarter. State of Tennessee Department of Treasury now owns 14,615 shares of the electronics maker’s stock valued at $1,602,000 after acquiring an additional 1,388 shares during the last quarter. Finally, Empowered Funds LLC bought a new position in Vicor in the fourth quarter valued at approximately $81,000. Institutional investors own 47.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on VICR. Roth Mkm reiterated a “buy” rating and issued a $175.00 target price on shares of Vicor in a research note on Thursday, January 22nd. Wall Street Zen downgraded Vicor from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Vicor in a report on Wednesday, January 21st. Finally, Zacks Research upgraded Vicor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $118.33.

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.