Vicor Co. (NASDAQ:VICR) VP Alex Gusinov Sells 856 Shares

Vicor Co. (NASDAQ:VICR) VP Alex Gusinov sold 856 shares of Vicor stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $59.01, for a total transaction of $50,512.56. Following the sale, the vice president now owns 16,018 shares in the company, valued at approximately $945,222.18. This trade represents a 5.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Vicor Price Performance

Shares of NASDAQ VICR traded down $0.80 during midday trading on Friday, hitting $51.99. The stock had a trading volume of 29,791 shares, compared to its average volume of 231,308. Vicor Co. has a fifty-two week low of $30.90 and a fifty-two week high of $61.05. The firm has a market cap of $2.35 billion, a P/E ratio of 108.31 and a beta of 1.48. The company’s 50-day simple moving average is $43.68 and its 200 day simple moving average is $38.36.

Vicor (NASDAQ:VICR) last released its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $85.23 million. Vicor had a net margin of 6.08% and a return on equity of 4.00%. The firm’s quarterly revenue was down 13.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.37 EPS.

Hedge Funds Weigh In On Vicor

Large investors have recently modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. increased its position in shares of Vicor by 146.2% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,162 shares of the electronics maker’s stock worth $49,000 after purchasing an additional 690 shares during the last quarter. Circle Wealth Management LLC bought a new stake in Vicor during the third quarter worth $501,000. Verition Fund Management LLC acquired a new stake in Vicor in the third quarter valued at $369,000. FMR LLC increased its stake in shares of Vicor by 15.9% during the 3rd quarter. FMR LLC now owns 87,014 shares of the electronics maker’s stock worth $3,663,000 after purchasing an additional 11,931 shares during the last quarter. Finally, West Tower Group LLC acquired a new position in shares of Vicor during the 3rd quarter worth approximately $295,000. 47.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on VICR shares. Craig Hallum upped their price objective on Vicor from $35.00 to $43.00 and gave the company a “hold” rating in a research note on Wednesday, October 23rd. Needham & Company LLC reissued a “hold” rating on shares of Vicor in a report on Wednesday, October 23rd.

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.