Vicor Co. (NASDAQ:VICR) Director Sells $103,820.00 in Stock

Vicor Co. (NASDAQ:VICR - Get Free Report) Director Andrew D'amico sold 2,000 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $51.91, for a total transaction of $103,820.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Vicor Price Performance

NASDAQ:VICR traded down $1.50 during trading hours on Tuesday, reaching $50.06. 154,557 shares of the company were exchanged, compared to its average volume of 177,164. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 104.29 and a beta of 1.50. Vicor Co. has a 52-week low of $30.90 and a 52-week high of $61.05. The stock has a 50 day simple moving average of $52.91 and a 200 day simple moving average of $43.32.

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

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Craig Hallum increased their price target on shares of Vicor from $35.00 to $43.00 and gave the stock a "hold" rating in a report on Wednesday, October 23rd. Needham & Company LLC reissued a "hold" rating on shares of Vicor in a report on Wednesday, October 23rd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Barclays PLC lifted its position in Vicor by 361.6% in the 3rd 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 during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Vicor by 6.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 206,713 shares of the electronics maker's stock worth $8,703,000 after purchasing an additional 12,203 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Vicor by 6.3% in the 3rd quarter. Geode Capital Management LLC now owns 572,195 shares of the electronics maker's stock worth $24,094,000 after purchasing an additional 33,696 shares in the last quarter. Millennium Management LLC purchased a new position in shares of Vicor in the second quarter worth approximately $5,019,000. Finally, State Street Corp increased its position in shares of Vicor by 2.1% in the third quarter. State Street Corp now owns 852,932 shares of the electronics maker's stock worth $35,908,000 after acquiring an additional 17,668 shares in the last quarter. 47.45% of the stock is owned by institutional investors and hedge funds.

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.