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Claudio Tuozzolo, Corporate Vice President of Vicor Corp (NASDAQ:VICR), recently sold shares worth $122,964, according to a recent SEC filing. The transactions, which took place on February 26, involved the sale of 1,898 shares of common stock at prices ranging from $64.76 to $64.81 per share. The sale comes as Vicor trades at elevated multiples, with a P/E ratio over 600 and impressive gross margins of 51%.
In addition to these sales, Tuozzolo also exercised stock options, acquiring 898 shares at a price of $60.61 each. Following these transactions, Tuozzolo’s direct ownership stands at 33,622 shares. The timing is notable, as Vicor’s stock has delivered a strong 67% return over the past year, with the company maintaining a healthy balance sheet showing more cash than debt.
These moves are part of routine financial management by company insiders and are disclosed to the public to ensure transparency. Investors often monitor such filings to gauge insider sentiment about the company’s future prospects. For deeper insights into Vicor’s valuation and future potential, InvestingPro offers comprehensive analysis with 18+ additional investment tips and detailed financial metrics.
In other recent news, Vicor Corporation reported a strong performance for the fourth quarter of 2024, with earnings per share (EPS) of $0.23, surpassing analysts’ expectations of $0.18. The company’s revenue also exceeded projections, reaching $96.2 million compared to the expected $87.1 million. This reflects a 3.8% increase from the same period last year and a 3.2% rise from the previous quarter. Despite a full-year revenue decline of 11.4% to $359.1 million, Vicor improved its gross margin to 52.4% in Q4, up from 49.1% in the prior quarter.
Additionally, Needham analyst N. Quinn Bolton maintained a Hold rating on Vicor, acknowledging the company’s lack of near-term guidance but projecting 2025 as a potentially record year for revenue and profitability. The analyst noted Vicor’s strategic addition of a hyperscaler as a second licensee and orders for NBM products from this customer. The company’s backlog at the end of the quarter was $155.5 million, showing a 3.3% increase from the third quarter.
Vicor’s executives expressed optimism for the future, highlighting advancements in the automotive, industrial, aerospace, and defense markets. The company is focused on innovation and new product developments, aiming to reach $1 billion in revenues and achieve 65% gross margins in the long term. Despite uncertainties in the market, Vicor is strategically positioning itself for growth and maintaining a strong market presence.
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