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

Vicor Co. (NASDAQ:VICR) Director Andrew D’amico sold 2,000 shares of the company’s stock in a transaction 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Vicor Price Performance

VICR opened at $50.06 on Wednesday. Vicor Co. has a 12-month low of $30.90 and a 12-month high of $61.05. The stock has a market capitalization of $2.26 billion, a PE ratio of 104.29 and a beta of 1.50. The firm’s fifty day moving average price is $52.97 and its 200 day moving average price is $43.44.

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

Institutional Investors Weigh In On Vicor

A number of institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in Vicor by 60.6% in the third quarter. JPMorgan Chase & Co. now owns 3,275,237 shares of the electronics maker’s stock worth $137,887,000 after purchasing an additional 1,236,264 shares during the period. Needham Investment Management LLC boosted its holdings in shares of Vicor by 2.4% in the 3rd quarter. Needham Investment Management LLC now owns 906,439 shares of the electronics maker’s stock valued at $38,161,000 after buying an additional 21,439 shares during the period. State Street Corp grew its position in shares of Vicor by 2.1% during the 3rd quarter. State Street Corp now owns 852,932 shares of the electronics maker’s stock valued at $35,908,000 after buying an additional 17,668 shares during the last quarter. Geode Capital Management LLC raised its stake in Vicor by 6.3% during the third quarter. Geode Capital Management LLC now owns 572,195 shares of the electronics maker’s stock worth $24,094,000 after acquiring an additional 33,696 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Vicor by 14.0% in the second quarter. Dimensional Fund Advisors LP now owns 543,153 shares of the electronics maker’s stock worth $18,012,000 after acquiring an additional 66,775 shares during the last quarter. 47.45% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on VICR. Craig Hallum upped their price objective on shares of Vicor from $35.00 to $43.00 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. Needham & Company LLC restated a “hold” rating on shares of Vicor in a research note on Wednesday, October 23rd.

Vicor Company Profile

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.