Andrew D’amico Sells 2,000 Shares of Vicor Co. (NASDAQ:VICR) Stock

Vicor Co. (NASDAQ:VICR) Director Andrew D’amico sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $51.91, for a total transaction of $103,820.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Vicor Stock Performance

Shares of VICR traded down $1.19 during mid-day trading on Tuesday, reaching $50.37. The company had a trading volume of 52,797 shares, compared to its average volume of 150,592. Vicor Co. has a 1-year low of $30.90 and a 1-year high of $61.05. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 104.94 and a beta of 1.50. The company’s 50 day simple moving average is $52.91 and its 200 day simple moving average is $43.32.

Vicor (NASDAQ:VICR) last issued its quarterly earnings results on Tuesday, October 22nd. The electronics maker reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.13. Vicor had a net margin of 6.08% and a return on equity of 4.00%. The firm had revenue of $93.17 million for the quarter, compared to the consensus estimate of $85.23 million. During the same quarter in the previous year, the company earned $0.37 EPS. The company’s revenue for the quarter was down 13.6% on a year-over-year basis.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in VICR. The Manufacturers Life Insurance Company boosted its stake in Vicor by 4.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,021 shares of the electronics maker’s stock valued at $399,000 after purchasing an additional 552 shares during the last quarter. Headlands Technologies LLC grew its holdings in Vicor by 98.8% during the second quarter. Headlands Technologies LLC now owns 1,147 shares of the electronics maker’s stock worth $38,000 after buying an additional 570 shares in the last quarter. GAMMA Investing LLC raised its position in Vicor by 202.4% in the 3rd quarter. GAMMA Investing LLC now owns 1,001 shares of the electronics maker’s stock valued at $42,000 after buying an additional 670 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its stake in Vicor by 146.2% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,162 shares of the electronics maker’s stock valued at $49,000 after acquiring an additional 690 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in Vicor by 10.5% during the 2nd quarter. Victory Capital Management Inc. now owns 8,482 shares of the electronics maker’s stock valued at $281,000 after acquiring an additional 808 shares in the last quarter. 47.45% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on VICR shares. Craig Hallum lifted their price target on shares of Vicor from $35.00 to $43.00 and gave the company a “hold” rating in a research note on Wednesday, October 23rd. Needham & Company LLC reaffirmed a “hold” rating on shares of Vicor in a report on Wednesday, October 23rd.

About Vicor

Vicor Corporation, together with its subsidiaries, designs, develops, manufactures, and markets modular power components and power systems for converting electrical power in the United States, Europe, the Asia Pacific, and internationally. The company offers a range of brick-format DC-DC converters; complementary components provide AC line rectification, input filtering, power factor correction, and transient protection; and input and output voltage, and output power products, as well as electrical and mechanical accessories.