Claudio Tuozzolo Sells 1,898 Shares of Vicor Co. (NASDAQ:VICR) Stock

Vicor Co. (NASDAQ:VICR) VP Claudio Tuozzolo sold 1,898 shares of the firm’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $64.79, for a total value of $122,971.42. Following the completion of the sale, the vice president now owns 33,622 shares of the company’s stock, valued at approximately $2,178,369.38. This trade represents a 5.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Claudio Tuozzolo also recently made the following trade(s):

• On Monday, February 24th, Claudio Tuozzolo sold 3,504 shares of Vicor stock. The shares were sold at an average price of $61.00, for a total value of $213,744.00.

Vicor Stock Up 2.7 %

Vicor stock opened at $63.33 on Friday. The business’s 50-day simple moving average is $51.90 and its 200 day simple moving average is $47.73. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of 121.79 and a beta of 1.51. Vicor Co. has a 12-month low of $30.90 and a 12-month high of $65.70.

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

Hedge Funds Weigh In On Vicor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VICR. Invesco LLC bought a new position in Vicor during the third quarter worth about $205,000. Victory Capital Management Inc. boosted its holdings in Vicor by 14.2% during the third quarter. Victory Capital Management Inc. now owns 9,683 shares of the electronics maker’s stock worth $408,000 after buying an additional 1,201 shares during the last quarter. Intech Investment Management LLC bought a new position in Vicor during the third quarter worth about $230,000. Charles Schwab Investment Management Inc. boosted its holdings in Vicor by 6.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 206,713 shares of the electronics maker’s stock worth $8,703,000 after buying an additional 12,203 shares during the last quarter. Finally, West Tower Group LLC bought a new position in Vicor during the third quarter worth about $295,000. Institutional investors own 47.45% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on VICR shares. StockNews.com upgraded Vicor from a “hold” rating to a “buy” rating in a research note on Monday, February 24th. Needham & Company LLC reiterated a “hold” rating on shares of Vicor in a report on Tuesday, February 18th. Finally, Craig Hallum upgraded Vicor from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th.

Vicor Company Profile

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.