Insider Selling: Vicor Co. (NASDAQ:VICR) VP Sells 1,898 Shares of Stock

Vicor Co. (NASDAQ:VICR - Get Free Report) VP Claudio Tuozzolo sold 1,898 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $64.79, for a total value of $122,971.42. Following the sale, the vice president now directly owns 33,622 shares in the company, valued at approximately $2,178,369.38. This represents a 5.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Claudio Tuozzolo also recently made the following trade(s):

• On Monday, February 24th, Claudio Tuozzolo sold 3,504 shares of Vicor stock. The stock was sold at an average price of $61.00, for a total value of $213,744.00.

Vicor Price Performance

Shares of Vicor stock traded down $1.31 on Tuesday, hitting $59.31. 389,620 shares of the company's stock traded hands, compared to its average volume of 284,361. Vicor Co. has a one year low of $30.90 and a one year high of $65.70. The company has a fifty day moving average of $52.28 and a two-hundred day moving average of $48.12. The company has a market capitalization of $2.68 billion, a price-to-earnings ratio of 114.06 and a beta of 1.51.

Vicor (NASDAQ:VICR - Get Free Report) last posted its quarterly earnings results 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. 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 the consensus estimate of $91.03 million.

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Institutional Trading of Vicor

A number of institutional investors and hedge funds have recently modified their holdings of the business. Invesco LLC bought a new position in Vicor during the third quarter valued at $205,000. Victory Capital Management Inc. grew its holdings in Vicor by 14.2% during the third quarter. Victory Capital Management Inc. now owns 9,683 shares of the electronics maker's stock valued at $408,000 after purchasing an additional 1,201 shares during the period. Intech Investment Management LLC bought a new position in Vicor during the third quarter valued at $230,000. Charles Schwab Investment Management Inc. grew its holdings in Vicor by 6.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 206,713 shares of the electronics maker's stock valued at $8,703,000 after purchasing an additional 12,203 shares during the period. Finally, West Tower Group LLC bought a new position in shares of Vicor in the third quarter worth $295,000. 47.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on VICR shares. Craig Hallum raised Vicor from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 14th. Needham & Company LLC restated a "hold" rating on shares of Vicor in a research note on Tuesday, February 18th. Finally, StockNews.com cut Vicor from a "buy" rating to a "hold" rating in a report on Tuesday.

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.