Insider Selling: Vicor (NASDAQ:VICR) CFO Sells $1,609,150.00 in Stock

Vicor Corporation (NASDAQ:VICR) CFO James Schmidt sold 5,000 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $321.83, for a total value of $1,609,150.00. Following the sale, the chief financial officer owned 5,000 shares in the company, valued at $1,609,150. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Vicor Trading Down 7.4%

Shares of Vicor stock opened at $306.12 on Friday. The business’s 50 day simple moving average is $243.97 and its 200-day simple moving average is $176.74. The stock has a market capitalization of $13.95 billion, a price-to-earnings ratio of 102.38 and a beta of 2.36. Vicor Corporation has a twelve month low of $41.76 and a twelve month high of $361.89.

Vicor (NASDAQ:VICR) last announced its quarterly earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. The business had revenue of $112.97 million for the quarter, compared to analysts’ expectations of $109.05 million. Vicor had a return on equity of 20.21% and a net margin of 28.98%.The business’s quarterly revenue was up 20.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.06 EPS. Sell-side analysts predict that Vicor Corporation will post 2.71 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on VICR shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Vicor in a research report on Monday. Zacks Research upgraded Vicor from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Roth Mkm reiterated a “buy” rating and set a $245.00 price target on shares of Vicor in a research report on Monday, April 20th. Needham & Company LLC increased their price target on Vicor from $260.00 to $350.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Finally, Wall Street Zen cut Vicor from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $228.33.

Institutional Trading of Vicor

Several large investors have recently added to or reduced their stakes in VICR. Federated Hermes Inc. acquired a new stake in Vicor in the 4th quarter valued at approximately $27,000. Harbour Investments Inc. acquired a new stake in Vicor in the 4th quarter valued at approximately $32,000. Allworth Financial LP increased its position in Vicor by 960.0% in the 4th quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock valued at $35,000 after acquiring an additional 288 shares during the period. NBC Securities Inc. bought a new position in shares of Vicor in the fourth quarter valued at approximately $36,000. Finally, SBI Securities Co. Ltd. boosted its holdings in shares of Vicor by 32,400.0% in the fourth quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker’s stock valued at $36,000 after acquiring an additional 324 shares in the last quarter. 47.45% of the stock is currently owned by institutional investors and hedge funds.

About Vicor

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.