Vicor Corp (NASDAQ:VICR) Director Barry Kelleher sold 10,000 shares of the stock in a transaction that occurred on Thursday, November 1st. The shares were sold at an average price of $39.57, for a total transaction of $395,700.00. Following the sale, the director now directly owns 7,257 shares of the company’s stock, valued at approximately $287,159.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
NASDAQ:VICR opened at $40.16 on Friday. Vicor Corp has a 52 week low of $16.30 and a 52 week high of $64.50. The company has a market cap of $1.60 billion, a P/E ratio of 63.75 and a beta of 1.17.
Vicor (NASDAQ:VICR) last posted its earnings results on Tuesday, October 16th. The electronics maker reported $0.32 EPS for the quarter. Vicor had a net margin of 9.57% and a return on equity of 16.53%. The company had revenue of $78.04 million during the quarter.
Separately, BidaskClub cut shares of Vicor from a “hold” rating to a “sell” rating in a research report on Thursday, October 4th.
A number of large investors have recently bought and sold shares of the stock. Wells Fargo & Company MN lifted its position in Vicor by 583.8% during the third quarter. Wells Fargo & Company MN now owns 58,298 shares of the electronics maker’s stock valued at $2,681,000 after acquiring an additional 49,773 shares during the last quarter. First Trust Advisors LP purchased a new stake in Vicor during the third quarter valued at approximately $1,209,000. Massachusetts Financial Services Co. MA purchased a new stake in Vicor during the third quarter valued at approximately $5,830,000. Seven Eight Capital LP purchased a new stake in Vicor during the third quarter valued at approximately $307,000. Finally, Northern Trust Corp lifted its position in Vicor by 11.0% during the second quarter. Northern Trust Corp now owns 230,254 shares of the electronics maker’s stock valued at $10,027,000 after acquiring an additional 22,785 shares during the last quarter. 25.70% of the stock is owned by institutional investors.
Vicor Corporation designs, develops, manufactures, and markets modular power components and power systems for converting, regulating, and controlling electric current worldwide. It operates through three segments: Brick Business Unit, VI Chip, and Picor. The company offers modular direct current (DC)-DC converters, open-frame intermediate bus converters, and complementary components; high density zero voltage soft switching DC-DC converters; configurable products; and custom power systems.
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