Quentin A. Fendelet Sells 440 Shares of Vicor Co. (NASDAQ:VICR) Stock

Vicor Co. (NASDAQ:VICR) CAO Quentin A. Fendelet sold 440 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $61.71, for a total transaction of $27,152.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Vicor Price Performance

Shares of NASDAQ:VICR opened at $60.98 on Thursday. Vicor Co. has a 1-year low of $30.90 and a 1-year high of $65.70. The company has a market capitalization of $2.75 billion, a P/E ratio of 117.27 and a beta of 1.51. The firm’s 50 day simple moving average is $52.47 and its two-hundred day simple moving average is $48.21.

Vicor (NASDAQ:VICR) last issued its quarterly earnings results on Thursday, February 20th. The electronics maker reported $0.23 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $91.03 million.

Hedge Funds Weigh In On Vicor

Hedge funds have recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. lifted its holdings in shares of Vicor by 146.2% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,162 shares of the electronics maker’s stock worth $49,000 after buying an additional 690 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of Vicor in the fourth quarter worth $140,000. Truist Financial Corp purchased a new position in shares of Vicor in the fourth quarter worth $213,000. Net Worth Advisory Group purchased a new position in shares of Vicor in the fourth quarter worth $218,000. Finally, Savant Capital LLC purchased a new position in shares of Vicor in the fourth quarter worth $223,000. Hedge funds and other institutional investors own 47.45% of the company’s stock.

Wall Street Analysts Forecast Growth

VICR has been the topic of a number of research reports. Craig Hallum raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. Needham & Company LLC reaffirmed a “hold” rating on shares of Vicor in a report on Tuesday, February 18th. Finally, StockNews.com downgraded shares of Vicor from a “buy” rating to a “hold” rating in a report on Tuesday.

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.