Claudio Tuozzolo Sells 3,504 Shares of Vicor Co. (NASDAQ:VICR) Stock

Vicor Co. (NASDAQ:VICR) VP Claudio Tuozzolo sold 3,504 shares of Vicor stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $61.00, for a total transaction of $213,744.00. Following the transaction, the vice president now directly owns 34,622 shares in the company, valued at approximately $2,111,942. This trade represents a 9.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Vicor Stock Down 4.7 %

Shares of NASDAQ:VICR opened at $61.68 on Friday. The company has a market capitalization of $2.78 billion, a price-to-earnings ratio of 118.62 and a beta of 1.51. The company has a 50 day moving average of $51.62 and a two-hundred day moving average of $47.47. Vicor Co. has a 52-week low of $30.90 and a 52-week high of $65.70.

Vicor (NASDAQ:VICR) last released its quarterly earnings results on Thursday, February 20th. The electronics maker reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.05. Vicor had a net margin of 6.46% and a return on equity of 4.29%. The business had revenue of $96.17 million during the quarter, compared to analyst estimates of $91.03 million.

Institutional Trading of Vicor

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Wealthfront Advisers LLC purchased a new stake in Vicor during the 4th quarter worth approximately $79,889,000. JPMorgan Chase & Co. lifted its stake in Vicor by 60.6% during the third quarter. JPMorgan Chase & Co. now owns 3,275,237 shares of the electronics maker’s stock worth $137,887,000 after purchasing an additional 1,236,264 shares during the last quarter. Summit Partners Public Asset Management LLC acquired a new position in shares of Vicor in the 4th quarter valued at about $17,787,000. Colrain Capital LLC acquired a new position in Vicor in the fourth quarter valued at approximately $9,181,000. Finally, Raymond James Financial Inc. bought a new position in shares of Vicor during the fourth quarter worth about $7,349,000. 47.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Craig Hallum upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. Needham & Company LLC reissued a “hold” rating on shares of Vicor in a research report on Tuesday, February 18th. Finally, StockNews.com raised Vicor from a “hold” rating to a “buy” rating in a research report on Monday.

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.