Vicor Co. (NASDAQ:VICR) Director Andrew D’amico Sells 4,000 Shares

Vicor Co. (NASDAQ:VICR) Director Andrew D’amico sold 4,000 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $59.75, for a total value of $239,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, January 6th, Andrew D’amico sold 2,000 shares of Vicor stock. The stock was sold at an average price of $51.91, for a total transaction of $103,820.00.

Vicor Trading Down 1.6 %

VICR stock traded down $1.00 during trading on Thursday, hitting $59.60. The company had a trading volume of 25,793 shares, compared to its average volume of 201,044. The firm has a market capitalization of $2.69 billion, a price-to-earnings ratio of 123.52 and a beta of 1.50. The business has a 50 day moving average of $52.38 and a 200 day moving average of $44.73. Vicor Co. has a fifty-two week low of $30.90 and a fifty-two week high of $62.00.

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, beating analysts’ consensus estimates of $0.13 by $0.13. The firm had revenue of $93.17 million during the quarter, compared to analyst estimates of $85.23 million. Vicor had a return on equity of 4.00% and a net margin of 6.08%. The firm’s quarterly revenue was down 13.6% on a year-over-year basis. During the same period last year, the company posted $0.37 EPS.

Wall Street Analyst Weigh In

VICR has been the topic of several recent analyst reports. Needham & Company LLC reissued a “hold” rating on shares of Vicor in a research note on Wednesday, October 23rd. Craig Hallum upped their target price on Vicor from $35.00 to $43.00 and gave the company a “hold” rating in a research note on Wednesday, October 23rd.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its holdings in shares of Vicor by 60.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,275,237 shares of the electronics maker’s stock valued at $137,887,000 after acquiring an additional 1,236,264 shares in the last quarter. Needham Investment Management LLC grew its stake in Vicor by 2.4% in the third quarter. Needham Investment Management LLC now owns 906,439 shares of the electronics maker’s stock valued at $38,161,000 after purchasing an additional 21,439 shares in the last quarter. State Street Corp increased its position in Vicor by 2.1% in the 3rd quarter. State Street Corp now owns 852,932 shares of the electronics maker’s stock worth $35,908,000 after purchasing an additional 17,668 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Vicor by 6.3% during the 3rd quarter. Geode Capital Management LLC now owns 572,195 shares of the electronics maker’s stock worth $24,094,000 after purchasing an additional 33,696 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Vicor by 14.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 543,153 shares of the electronics maker’s stock worth $18,012,000 after purchasing an additional 66,775 shares in the last quarter. Institutional investors and hedge funds own 47.45% of the company’s stock.

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.