Vicor (NASDAQ:VICR) Shares Up 4.8%

Shares of Vicor Co. (NASDAQ:VICR) were up 4.8% during mid-day trading on Thursday . The company traded as high as $33.94 and last traded at $33.57. Approximately 116,581 shares were traded during mid-day trading, a decline of 56% from the average daily volume of 267,854 shares. The stock had previously closed at $32.03.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on VICR shares. Craig Hallum dropped their price target on Vicor from $40.00 to $35.00 and set a “hold” rating on the stock in a research note on Wednesday. StockNews.com upgraded Vicor from a “sell” rating to a “hold” rating in a research report on Saturday, April 20th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Vicor in a research report on Wednesday.

Vicor Price Performance

The company has a 50-day moving average price of $37.89 and a 200 day moving average price of $40.30. The firm has a market capitalization of $1.49 billion, a PE ratio of 32.03 and a beta of 1.53.

Vicor (NASDAQ:VICR) last announced its quarterly earnings data on Tuesday, April 23rd. The electronics maker reported $0.06 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.04). The business had revenue of $83.80 million during the quarter, compared to analysts’ expectations of $84.83 million. Vicor had a net margin of 11.49% and a return on equity of 8.59%. Vicor’s revenue was down 14.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.25 earnings per share.

Insider Buying and Selling

In other Vicor news, VP Robert Gendron sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $36.83, for a total transaction of $73,660.00. Following the sale, the vice president now directly owns 5,374 shares of the company’s stock, valued at $197,924.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, VP Kemble D. Morrison sold 2,659 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $37.00, for a total transaction of $98,383.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Robert Gendron sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $36.83, for a total value of $73,660.00. Following the transaction, the vice president now directly owns 5,374 shares in the company, valued at approximately $197,924.42. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,999 shares of company stock worth $184,990. Corporate insiders own 31.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Vicor by 13.0% during the fourth quarter. Vanguard Group Inc. now owns 2,477,438 shares of the electronics maker’s stock valued at $111,336,000 after buying an additional 285,699 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Vicor by 2.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 469,026 shares of the electronics maker’s stock valued at $21,079,000 after buying an additional 12,013 shares during the last quarter. Eagle Asset Management Inc. bought a new position in Vicor in the third quarter worth approximately $12,335,000. AWM Investment Company Inc. grew its stake in Vicor by 54.8% in the third quarter. AWM Investment Company Inc. now owns 204,960 shares of the electronics maker’s stock worth $12,070,000 after purchasing an additional 72,526 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Vicor by 5.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 181,682 shares of the electronics maker’s stock worth $8,165,000 after purchasing an additional 9,297 shares in the last quarter. Institutional investors own 47.45% of the company’s stock.

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.