Vicor Co. (NASDAQ:VICR) CAO Sells $27,152.40 in Stock

Vicor Co. (NASDAQ:VICR - Get Free Report) CAO Quentin A. Fendelet sold 440 shares of the business'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 legal filing with the SEC, which can be accessed through this link.

Vicor Stock Performance

Vicor stock traded up $0.38 during mid-day trading on Friday, hitting $59.55. 217,033 shares of the company traded hands, compared to its average volume of 281,687. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of 114.52 and a beta of 1.45. Vicor Co. has a one year low of $30.90 and a one year high of $65.70. The stock has a fifty day moving average price of $52.81 and a 200-day moving average price of $48.52.

Vicor (NASDAQ:VICR - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The electronics maker reported $0.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.18 by $0.05. The firm had revenue of $96.17 million during the quarter, compared to analyst estimates of $91.03 million. Vicor had a net margin of 6.46% and a return on equity of 4.29%.

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Institutional Investors Weigh In On Vicor

A number of hedge funds have recently made changes to their positions in VICR. Wealthfront Advisers LLC bought a new stake in shares of Vicor in the 4th quarter worth approximately $79,889,000. JPMorgan Chase & Co. lifted its holdings in shares of Vicor by 60.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,275,237 shares of the electronics maker's stock worth $137,887,000 after acquiring an additional 1,236,264 shares during the last quarter. Summit Partners Public Asset Management LLC bought a new stake in Vicor during the 4th quarter valued at $17,787,000. Colrain Capital LLC bought a new stake in Vicor during the 4th quarter valued at $9,181,000. Finally, Raymond James Financial Inc. bought a new stake in Vicor during the 4th quarter valued at $7,349,000. 47.45% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

VICR has been the subject of several research analyst reports. Craig Hallum upgraded shares of Vicor from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 14th. StockNews.com lowered shares of Vicor from a "buy" rating to a "hold" rating in a research report on Tuesday. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Vicor in a research report on Tuesday, February 18th.

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.