Insider Selling: Vicor Co. (NASDAQ:VICR) Director Sells $113,202.00 in Stock

Vicor Co. (NASDAQ:VICR) Director Andrew D’amico sold 1,800 shares of Vicor stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $62.89, for a total transaction of $113,202.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Wednesday, January 22nd, Andrew D’amico sold 4,000 shares of Vicor stock. The shares were sold at an average price of $59.75, for a total transaction of $239,000.00.
• On Monday, January 6th, Andrew D’amico sold 2,000 shares of Vicor stock. The shares were sold at an average price of $51.91, for a total transaction of $103,820.00.

Vicor Stock Down 4.7 %

Shares of VICR stock opened at $61.68 on Friday. Vicor Co. has a 12-month low of $30.90 and a 12-month high of $65.70. The firm has a market capitalization of $2.78 billion, a price-to-earnings ratio of 118.62 and a beta of 1.51. The firm has a fifty day moving average of $51.62 and a 200-day moving average of $47.47.

Vicor (NASDAQ:VICR) last released its quarterly earnings data on Thursday, February 20th. The electronics maker reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.05. Vicor had a return on equity of 4.29% and a net margin of 6.46%. The business had revenue of $96.17 million for the quarter, compared to analysts’ expectations of $91.03 million.

Analysts Set New Price Targets

VICR has been the subject of a number of recent analyst reports. Craig Hallum upgraded Vicor from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. Needham & Company LLC reaffirmed a “hold” rating on shares of Vicor in a research note on Tuesday, February 18th. Finally, StockNews.com upgraded shares of Vicor from a “hold” rating to a “buy” rating in a research report on Monday.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Harbor Capital Advisors Inc. acquired a new stake in shares of Vicor during the fourth quarter worth $1,557,000. Barclays PLC lifted its holdings in shares of Vicor by 361.6% in the third quarter. Barclays PLC now owns 39,397 shares of the electronics maker’s stock valued at $1,658,000 after purchasing an additional 30,863 shares in the last quarter. Savant Capital LLC acquired a new position in shares of Vicor during the fourth quarter worth about $223,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Vicor by 6.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 206,713 shares of the electronics maker’s stock worth $8,703,000 after buying an additional 12,203 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Vicor by 6.3% in the 3rd quarter. Geode Capital Management LLC now owns 572,195 shares of the electronics maker’s stock valued at $24,094,000 after buying an additional 33,696 shares during the last quarter. Institutional investors and hedge funds own 47.45% of the company’s stock.

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.