Vicor Co. (NASDAQ:VICR) CAO Quentin A. Fendelet Sells 440 Shares of Stock

Vicor Co. (NASDAQ:VICR) CAO Quentin A. Fendelet sold 440 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $61.71, for a total transaction of $27,152.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Vicor Stock Down 2.2 %

Shares of VICR stock opened at $59.31 on Wednesday. The company has a 50 day moving average of $52.28 and a 200-day moving average of $48.12. Vicor Co. has a 12-month low of $30.90 and a 12-month high of $65.70. The firm has a market cap of $2.68 billion, a P/E ratio of 114.06 and a beta of 1.51.

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

Institutional Investors Weigh In On Vicor

Institutional investors have recently added to or reduced their stakes in the company. Wealthfront Advisers LLC purchased a new position in Vicor during the 4th quarter valued at about $79,889,000. JPMorgan Chase & Co. increased its position in 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 purchasing an additional 1,236,264 shares during the period. Summit Partners Public Asset Management LLC bought a new stake in shares of Vicor during the 4th quarter valued at about $17,787,000. Colrain Capital LLC purchased a new position in shares of Vicor during the fourth quarter valued at about $9,181,000. Finally, Raymond James Financial Inc. bought a new position in Vicor in the fourth quarter worth about $7,349,000. Hedge funds and other institutional investors own 47.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on VICR. StockNews.com downgraded shares of Vicor from a “buy” rating to a “hold” rating in a research report on Tuesday. Needham & Company LLC reiterated a “hold” rating on shares of Vicor in a research note on Tuesday, February 18th. Finally, Craig Hallum upgraded Vicor from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th.

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.