Vicor Corp (NASDAQ:VICR) VP Alex Gusinov sold 5,060 shares of Vicor stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $31.50, for a total value of $159,390.00. Following the sale, the vice president now directly owns 11,715 shares of the company’s stock, valued at approximately $369,022.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of NASDAQ VICR traded up $0.36 during trading on Tuesday, reaching $32.36. 10,474 shares of the company traded hands, compared to its average volume of 134,038. The firm’s fifty day simple moving average is $30.16 and its 200 day simple moving average is $31.61. The stock has a market cap of $1.25 billion, a P/E ratio of 41.51 and a beta of 0.70. Vicor Corp has a 12-month low of $26.50 and a 12-month high of $59.80.
Vicor (NASDAQ:VICR) last issued its quarterly earnings data on Thursday, July 25th. The electronics maker reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.06). Vicor had a net margin of 9.53% and a return on equity of 14.37%. The company had revenue of $63.36 million during the quarter, compared to analyst estimates of $68.00 million. As a group, equities analysts expect that Vicor Corp will post 0.55 earnings per share for the current fiscal year.
A number of equities research analysts recently commented on the company. Zacks Investment Research raised Vicor from a “sell” rating to a “hold” rating in a report on Tuesday, August 20th. CJS Securities started coverage on shares of Vicor in a report on Monday, June 10th. They issued a “buy” rating and a $40.00 price target on the stock. ValuEngine raised shares of Vicor from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. BidaskClub upgraded shares of Vicor from a “sell” rating to a “hold” rating in a research note on Friday, July 19th. Finally, Craig Hallum initiated coverage on shares of Vicor in a research note on Monday, August 12th. They set a “buy” rating and a $43.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $39.50.
Vicor Corporation designs, develops, manufactures, and markets modular power components and power systems for converting electrical power worldwide. It operates through Brick Business Unit, VI Chip, and Picor segments. The company offers a range of brick-format DC-DC converters and configurable products; complementary components; and input and output voltage, and output power products, as well as electrical and mechanical accessories.
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