Insider Selling: Vicor Co. (NASDAQ:VICR) VP Sells 3,504 Shares of Stock

Vicor Co. (NASDAQ:VICR - Get Free Report) VP Claudio Tuozzolo sold 3,504 shares of the business's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $61.00, for a total transaction of $213,744.00. Following the sale, the vice president now directly owns 34,622 shares in the company, valued at approximately $2,111,942. The trade was a 9.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Wednesday, February 26th, Claudio Tuozzolo sold 1,898 shares of Vicor stock. The stock was sold at an average price of $64.79, for a total transaction of $122,971.42.

Vicor Trading Up 2.7 %

VICR stock traded up $1.65 during midday trading on Friday, hitting $63.33. The stock had a trading volume of 237,234 shares, compared to its average volume of 279,132. The firm has a market cap of $2.86 billion, a P/E ratio of 121.79 and a beta of 1.51. Vicor Co. has a 1-year low of $30.90 and a 1-year high of $65.70. The business has a fifty day moving average price of $51.90 and a two-hundred day moving average price of $47.82.

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, beating the consensus estimate of $0.18 by $0.05. Vicor had a net margin of 6.46% and a return on equity of 4.29%. The firm had revenue of $96.17 million for the quarter, compared to analyst estimates of $91.03 million.

Remove Ads

Institutional Investors Weigh In On Vicor

A number of institutional investors and hedge funds have recently made changes to their positions in VICR. Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of Vicor by 146.2% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,162 shares of the electronics maker's stock worth $49,000 after acquiring an additional 690 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of Vicor in the 4th quarter worth about $140,000. Invesco LLC acquired a new stake in shares of Vicor in the 3rd quarter worth about $205,000. Truist Financial Corp acquired a new stake in shares of Vicor in the 4th quarter worth about $213,000. Finally, Net Worth Advisory Group bought a new stake in Vicor in the 4th quarter worth about $218,000. Institutional investors and hedge funds own 47.45% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on VICR shares. Needham & Company LLC reissued a "hold" rating on shares of Vicor in a research note on Tuesday, February 18th. StockNews.com upgraded shares of Vicor from a "hold" rating to a "buy" rating in a report on Monday, February 24th. Finally, Craig Hallum upgraded shares of 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.