Vicor Co. (NASDAQ:VICR - Get Free Report) Director Estia J. Eichten sold 8,000 shares of the company's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $55.51, for a total value of $444,080.00. Following the completion of the sale, the director now owns 230,267 shares in the company, valued at $12,782,121.17. This trade represents a 3.36 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Vicor Price Performance
Shares of NASDAQ:VICR opened at $55.76 on Wednesday. The business's 50-day moving average is $48.29 and its 200-day moving average is $40.36. Vicor Co. has a 1 year low of $30.90 and a 1 year high of $61.05. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 116.17 and a beta of 1.49.
Vicor (NASDAQ:VICR - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The electronics maker reported $0.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.13 by $0.13. The firm had revenue of $93.17 million for the quarter, compared to analysts' expectations of $85.23 million. Vicor had a return on equity of 4.00% and a net margin of 6.08%. The company's revenue for the quarter was down 13.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.37 EPS.
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Several analysts recently commented on the company. Needham & Company LLC reiterated a "hold" rating on shares of Vicor in a report on Wednesday, October 23rd. Craig Hallum upped their price objective on shares of Vicor from $35.00 to $43.00 and gave the company a "hold" rating in a research note on Wednesday, October 23rd.
Get Our Latest Research Report on VICR
Hedge Funds Weigh In On Vicor
A number of large investors have recently modified their holdings of the company. Millennium Management LLC acquired a new position in Vicor during the second quarter worth $5,019,000. Bruce & Co. Inc. lifted its position in Vicor by 55.6% in the 2nd quarter. Bruce & Co. Inc. now owns 70,000 shares of the electronics maker's stock valued at $2,321,000 after acquiring an additional 25,000 shares in the last quarter. Headlands Technologies LLC boosted its stake in Vicor by 98.8% during the 2nd quarter. Headlands Technologies LLC now owns 1,147 shares of the electronics maker's stock valued at $38,000 after purchasing an additional 570 shares during the last quarter. Federated Hermes Inc. bought a new stake in Vicor during the 2nd quarter worth approximately $4,192,000. Finally, SG Americas Securities LLC raised its stake in shares of Vicor by 200.9% in the third quarter. SG Americas Securities LLC now owns 10,436 shares of the electronics maker's stock worth $439,000 after purchasing an additional 6,968 shares during the last quarter. 47.45% of the stock is currently owned by institutional investors.
About Vicor
(
Get Free Report)
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.
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