Vicor (NASDAQ:VICR) Stock Price Down 6.3% Following Insider Selling

Vicor Corporation (NASDAQ:VICR)’s stock price dropped 6.3% on Thursday following insider selling activity. The stock traded as low as $300.00 and last traded at $309.5130. Approximately 397,753 shares were traded during mid-day trading, a decline of 52% from the average daily volume of 825,476 shares. The stock had previously closed at $330.48.

Specifically, CEO Patrizio Vinciarelli sold 20,000 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $327.08, for a total transaction of $6,541,600.00. Following the completion of the transaction, the chief executive officer directly owned 8,768,090 shares in the company, valued at $2,867,866,877.20. This represents a 0.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO James F. Schmidt sold 5,000 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $321.83, for a total transaction of $1,609,150.00. Following the transaction, the chief financial officer owned 5,000 shares of the company’s stock, valued at approximately $1,609,150. The trade was a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In other Vicor news, VP Philip D. Davies sold 3,072 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $321.69, for a total value of $988,231.68. Following the sale, the vice president owned 1,920 shares of the company’s stock, valued at $617,644.80. The trade was a 61.54% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analyst Ratings Changes

Several equities research analysts have issued reports on VICR shares. Zacks Research raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. Needham & Company LLC boosted their price target on shares of Vicor from $260.00 to $350.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Wall Street Zen lowered shares of Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Roth Mkm reissued a “buy” rating and issued a $245.00 price target on shares of Vicor in a report on Monday, April 20th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Vicor in a report on Monday. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $228.33.

Vicor Stock Down 5.8%

The company has a market cap of $14.19 billion, a price-to-earnings ratio of 103.41 and a beta of 2.36. The company’s fifty day moving average price is $241.46 and its two-hundred day moving average price is $175.21.

Vicor (NASDAQ:VICR) last posted its quarterly earnings data on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.04. The company had revenue of $112.97 million during the quarter, compared to analyst estimates of $109.05 million. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The company’s revenue was up 20.2% on a year-over-year basis. During the same quarter last year, the business posted $0.06 earnings per share. Research analysts forecast that Vicor Corporation will post 2.71 earnings per share for the current year.

Institutional Investors Weigh In On Vicor

Hedge funds have recently added to or reduced their stakes in the stock. Federated Hermes Inc. bought a new stake in Vicor during the 4th quarter worth about $27,000. Harbour Investments Inc. bought a new stake in Vicor during the 4th quarter worth about $32,000. Allworth Financial LP grew its holdings in Vicor by 960.0% during the 4th quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock worth $35,000 after acquiring an additional 288 shares during the last quarter. NBC Securities Inc. bought a new stake in Vicor during the 4th quarter worth about $36,000. Finally, SBI Securities Co. Ltd. grew its holdings in Vicor by 32,400.0% during the 4th quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker’s stock worth $36,000 after acquiring an additional 324 shares during the last quarter. Institutional investors own 47.45% of the company’s stock.

Vicor Company Profile

Vicor Corporation is a designer and manufacturer of modular power components and systems, serving a wide range of industries that demand high performance and efficiency. Headquartered in Andover, Massachusetts, the company develops power conversion solutions that help customers optimize energy delivery in applications from telecommunications and data centers to industrial and automotive systems.

The company’s product portfolio includes high-density DC-DC converters, AC-DC front-end modules, point-of-load regulators and complete power systems that combine multiple conversion stages in a single package.