Vicor Co. (NASDAQ:VICR) Director Estia J. Eichten Sells 5,000 Shares of Stock


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Vicor Co. (NASDAQ:VICR) Director Estia J. Eichten sold 5,000 shares of Vicor stock in a transaction on Tuesday, January 12th. The shares were sold at an average price of $101.00, for a total transaction of $505,000.00. Following the completion of the sale, the director now directly owns 234,329 shares of the company’s stock, valued at approximately $23,667,229. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

NASDAQ VICR opened at $99.79 on Thursday. Vicor Co. has a 1 year low of $30.42 and a 1 year high of $103.59. The firm has a market cap of $4.32 billion, a price-to-earnings ratio of 525.24 and a beta of 0.80. The company has a fifty day moving average price of $90.10 and a 200-day moving average price of $82.40.

Vicor (NASDAQ:VICR) last posted its earnings results on Thursday, October 22nd. The electronics maker reported $0.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.03. Vicor had a net margin of 3.05% and a return on equity of 3.47%. The firm had revenue of $78.10 million during the quarter, compared to analyst estimates of $74.50 million. The company’s revenue was up 10.3% on a year-over-year basis. Equities analysts forecast that Vicor Co. will post 0.25 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of VICR. Great West Life Assurance Co. Can boosted its holdings in shares of Vicor by 1.6% in the 3rd quarter. Great West Life Assurance Co. Can now owns 23,488 shares of the electronics maker’s stock worth $1,823,000 after buying an additional 360 shares during the last quarter. Paloma Partners Management Co purchased a new position in shares of Vicor in the 3rd quarter worth about $257,000. Voloridge Investment Management LLC lifted its holdings in Vicor by 16.0% during the third quarter. Voloridge Investment Management LLC now owns 12,309 shares of the electronics maker’s stock valued at $957,000 after purchasing an additional 1,696 shares during the last quarter. California State Teachers Retirement System lifted its holdings in Vicor by 7.6% during the third quarter. California State Teachers Retirement System now owns 29,189 shares of the electronics maker’s stock valued at $2,269,000 after purchasing an additional 2,072 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of Vicor by 39.7% in the third quarter. AQR Capital Management LLC now owns 15,108 shares of the electronics maker’s stock worth $1,174,000 after buying an additional 4,293 shares in the last quarter. Hedge funds and other institutional investors own 36.31% of the company’s stock.

VICR has been the subject of several research reports. Needham & Company LLC lifted their price target on shares of Vicor from $85.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, October 23rd. BidaskClub raised shares of Vicor from a “hold” rating to a “buy” rating in a research report on Thursday, December 17th. Finally, Zacks Investment Research downgraded shares of Vicor from a “buy” rating to a “hold” rating in a research report on Tuesday, October 27th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $84.60.

About Vicor

Vicor Corporation 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; and input and output voltage, and output power products, as well as electrical and mechanical accessories.

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