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Andrew D’Amico, a director at Vicor Corp (NASDAQ:VICR), recently sold shares amounting to $113,200, according to a recent SEC filing. The transaction comes as Vicor, with a market capitalization of $2.59 billion, has shown remarkable momentum with a 69% return over the past year. According to InvestingPro analysis, the stock has demonstrated significant volatility in recent months. The transactions, which took place on February 21, involved the sale of 1,800 shares at prices ranging from $62 to $64 per share. These sales were conducted under a pre-arranged Rule 10b5-1 trading plan, which D’Amico adopted in September 2024.
In addition to the sales, D’Amico exercised options to acquire 1,800 shares of Vicor Corp at prices between $16.15 and $16.6 per share. The total value of these option exercises was $29,430, according to the filing. Following these transactions, D’Amico no longer holds any shares directly.
In other recent news, Vicor Corporation announced its fourth-quarter 2024 earnings, which exceeded market expectations. The company reported an earnings per share (EPS) of $0.23, surpassing the analyst forecast of $0.18. Revenue for the quarter also outperformed projections, reaching $96.2 million compared to the expected $87.1 million. Despite a full-year revenue decline of 11.4% to $359.1 million, the company’s quarterly gross margin improved to 52.4%. Notably, Needham analyst N. Quinn Bolton raised estimates based on stronger royalty and NBM assumptions but maintained a Hold rating due to uncertainties. Vicor’s strategic focus includes advancing in sectors such as automotive, industrial, aerospace, and defense, while also emphasizing innovation in new product developments. The company did not provide specific quarterly guidance but aims to achieve long-term growth targets, including reaching $1 billion in revenues.
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