Director Andrew D’Amico of Vicor Corporation (NASDAQ: VICR) executed the sale of 1,908 shares of the company’s stock on November 12, 2023. The shares were sold at an average price of $99.13, bringing the total transaction value to $189,140.04. This sale was reported in a document filed with the U.S. Securities and Exchange Commission (SEC), which is accessible on their website.
Following the sale, Vicor’s stock experienced a decline. On November 13, shares traded down by $5.24, closing at $89.11. The trading volume for the day reached 211,214 shares, notably below the average volume of 336,805 shares. Over the past year, Vicor’s stock has fluctuated, with a 52-week low of $38.92 and a high of $101.00. Currently, the company has a market capitalization of approximately $3.98 billion, a price-to-earnings ratio of 48.69, and a beta of 1.81. The stock’s recent performance includes a 50-day moving average of $64.74 and a 200-day moving average of $52.38.
Analyst Ratings and Market Activity
Recent reports from various brokerages have influenced Vicor’s stock ratings. On October 22, 2023, Craig Hallum upgraded Vicor from a “hold” rating to a “buy” rating, setting a price target of $90.00. This sentiment was echoed by Wall Street Zen, which issued a similar upgrade on September 5, 2023. Weiss Ratings maintained a “hold (c)” rating in their report released on October 8, 2023.
Overall, two analysts have assigned a “buy” rating while one has rated the stock as a “hold.” According to data from MarketBeat, Vicor currently holds a consensus rating of “Moderate Buy” with an average target price of $90.00.
Institutional Investor Activity
Vicor Corporation has seen significant changes in its institutional ownership. Principal Financial Group Inc. increased its holdings by 2.5% during the first quarter, now owning 114,891 shares valued at approximately $5.37 million after acquiring an additional 2,766 shares. CWM LLC also boosted its stake by 33.3%, bringing its total to 3,211 shares worth around $150,000.
Other notable changes include Private Advisor Group LLC acquiring a new stake valued at about $405,000 and Pinnacle Associates Ltd. increasing its position by 29.0%, now owning 356,011 shares valued at approximately $16.65 million. Manchester Capital Management LLC also increased its stake by 76.8%, now holding 610 shares valued at $29,000. Collectively, institutional investors and hedge funds own 47.45% of Vicor’s stock.
About Vicor Corporation
Vicor Corporation specializes in designing, developing, manufacturing, and marketing modular power components and systems aimed at converting electrical power. The company operates in multiple regions, including the United States, Europe, and the Asia Pacific. Its product range includes brick-format DC-DC converters and complementary components that provide AC line rectification, input filtering, power factor correction, and transient protection, among other electrical accessories.
As Vicor continues to navigate market fluctuations and investor sentiment, its leadership and strategic decisions will play a crucial role in shaping its future performance in the competitive electronics landscape.
