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Quentin A. Fendelet, Corporate Vice President and Chief Accounting Officer of Vicor Corp (NASDAQ:VICR), recently sold a portion of his holdings in the company. According to a recent SEC filing, Fendelet sold 440 shares of common stock on March 3, 2025, at an average price of $61.71 per share. The total value of this transaction amounted to $27,152. Following this sale, Fendelet no longer holds any shares in Vicor Corp.The sale comes as Vicor’s stock trades near its 52-week high of $65.70, having delivered a remarkable 60% return over the past year. The company maintains strong financial health with a current ratio of 7.49 and impressive gross margins of 51.24%. According to InvestingPro analysis, the stock appears to be trading above its Fair Value, with 16 additional key insights available to subscribers.
In other recent news, Vicor Corporation reported its fourth-quarter 2024 earnings, exceeding market expectations with an earnings per share (EPS) of $0.23, surpassing the forecasted $0.18. The company’s revenue 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, Vicor’s quarterly gross margins improved to 52.4%, a sequential increase of 3.3%. Additionally, the company noted a decline in net income for the year to $6.1 million, a significant drop from the previous year’s $53.6 million. Analyst N. Quinn Bolton from Needham maintained a Hold rating on Vicor, citing uncertainties around product ramp and current stock valuation, despite raising estimates based on stronger royalty and NBM assumptions. Bolton also highlighted Vicor’s projection of 2025 as a potential record year for both revenue and profitability. Vicor’s strategic focus on developing high-density power system solutions and its recent licensing agreement with a hyperscaler were also noted as positive developments. These recent updates reflect Vicor’s ongoing efforts to capitalize on growth opportunities in various sectors, including automotive and defense.
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