Michael Mcnamara Sells 4,237 Shares of Vicor (NASDAQ:VICR) Stock

by · The Cerbat Gem

Vicor Corporation (NASDAQ:VICR – Get Free Report) insider Michael Mcnamara sold 4,237 shares of the company’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $101.23, for a total transaction of $428,911.51. Following the completion of the sale, the insider directly owned 18,138 shares of the company’s stock, valued at $1,836,109.74. The trade was a 18.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Vicor Stock Performance

Shares of Vicor stock traded down $3.17 during mid-day trading on Friday, hitting $97.80. 494,732 shares of the stock were exchanged, compared to its average volume of 333,799. Vicor Corporation has a 12 month low of $38.92 and a 12 month high of $102.19. The company has a 50-day simple moving average of $81.41 and a 200 day simple moving average of $59.32. The company has a market capitalization of $4.37 billion, a P/E ratio of 53.44 and a beta of 1.94.

Vicor (NASDAQ:VICR – Get Free Report) last released its earnings results on Tuesday, October 21st. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.43. The company had revenue of $110.42 million during the quarter, compared to analyst estimates of $95.40 million. Vicor had a return on equity of 13.77% and a net margin of 18.63%.Vicor’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.26 earnings per share.

Hedge Funds Weigh In On Vicor

Hedge funds and other institutional investors have recently modified their holdings of the company. Nisa Investment Advisors LLC increased its position in shares of Vicor by 53.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker’s stock valued at $30,000 after purchasing an additional 210 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Vicor by 13.7% in the third quarter. PNC Financial Services Group Inc. now owns 1,129 shares of the electronics maker’s stock worth $56,000 after buying an additional 136 shares in the last quarter. Strs Ohio bought a new position in Vicor during the first quarter valued at approximately $56,000. iSAM Funds UK Ltd purchased a new position in shares of Vicor during the third quarter worth approximately $79,000. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Vicor by 993.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,782 shares of the electronics maker’s stock worth $172,000 after acquiring an additional 3,436 shares during the last quarter. 47.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Craig Hallum raised Vicor from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a research report on Wednesday, October 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Vicor in a research report on Wednesday, October 8th. Needham & Company LLC set a $90.00 price objective on Vicor and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Finally, Wall Street Zen downgraded Vicor from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 23rd. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $90.00.

View Our Latest Stock Analysis on Vicor

About Vicor

(Get Free Report)

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.

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