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In a recent financial move, Claudio Tuozzolo, the Corporate Vice President of Vicor Corp (NASDAQ:VICR), sold a significant portion of the company’s common stock. The timing of this sale is notable as the stock is currently trading near its 52-week high of $65.50, having gained an impressive 19.47% in the past week alone. According to a Form 4 filing with the Securities and Exchange Commission, Tuozzolo sold a total of 3,504 shares on February 24, 2025. The sales were executed at prices ranging from $60.9479 to $61.5114 per share, amounting to a total transaction value of approximately $213,732.
In addition to the sales, Tuozzolo also exercised options to acquire 304 shares of common stock at a price of $60.61 each, which adds a total of $18,425 to his transactions for the day. Following these transactions, Tuozzolo holds 34,622 shares directly. These activities are part of routine transactions by company insiders, and investors often monitor such filings to gauge insider sentiment on the company’s stock.
In other recent news, Vicor Corporation reported its fourth-quarter earnings for 2024, exceeding market expectations. The company achieved an earnings per share (EPS) of $0.23, surpassing the analyst forecast of $0.18. Revenue for the quarter also beat projections, reaching $96.2 million compared to the anticipated $87.1 million. Despite these quarterly successes, Vicor’s full-year revenue saw a decline of 11.4%, amounting to $359.1 million, with a significant drop in full-year EPS to $0.14 from the previous year’s $1.19. Gross margin for the fourth quarter improved to 52.4%, marking a 3.3% increase from the previous quarter. Analyst N. Quinn Bolton from Needham maintained a Hold rating on Vicor, citing uncertainties around product ramp and current stock valuation, despite raising estimates due to stronger royalty and NBM assumptions. Vicor’s strategic focus on high-density power system solutions and intellectual property protection was highlighted by CEO Dr. Patrizio Vinciarelli, who emphasized the company’s competitive edge in the market. These recent developments reflect Vicor’s positioning for future growth and its ongoing efforts to capitalize on opportunities in various sectors.
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