Estia Eichten Sells 2,000 Shares of Vicor (NASDAQ:VICR) Stock

Vicor Corporation (NASDAQ:VICR) Director Estia Eichten sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $174.00, for a total value of $348,000.00. Following the completion of the sale, the director owned 188,838 shares in the company, valued at $32,857,812. This represents a 1.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Vicor Price Performance

Shares of Vicor stock opened at $196.33 on Wednesday. Vicor Corporation has a 1 year low of $38.92 and a 1 year high of $209.53. The company has a market capitalization of $8.77 billion, a price-to-earnings ratio of 75.22 and a beta of 1.84. The business has a fifty day simple moving average of $165.95 and a two-hundred day simple moving average of $109.61.

Vicor (NASDAQ:VICR) last issued its quarterly earnings data on Thursday, February 19th. The electronics maker reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.63. The company had revenue of $362.70 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 company’s revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.23 earnings per share.

Institutional Trading of Vicor

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Federated Hermes Inc. acquired a new position in shares of Vicor during the 4th quarter worth approximately $27,000. Nisa Investment Advisors LLC raised its position in shares of Vicor by 53.4% in the third quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker’s stock valued at $30,000 after buying an additional 210 shares in the last quarter. Harbour Investments Inc. bought a new stake in shares of Vicor in the fourth quarter valued at approximately $32,000. Allworth Financial LP grew its position in Vicor by 960.0% during 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 in the last quarter. Finally, NBC Securities Inc. acquired a new stake in Vicor during the fourth quarter worth approximately $36,000. Institutional investors and hedge funds own 47.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on VICR shares. Wall Street Zen downgraded Vicor from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Vicor in a report on Wednesday, January 21st. Roth Mkm reaffirmed a “buy” rating and issued a $175.00 price objective on shares of Vicor in a report on Thursday, January 22nd. Finally, Zacks Research upgraded 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 assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Vicor has a consensus rating of “Buy” and an average target price of $118.33.

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.