Vicor (NASDAQ:VICR) CFO James Schmidt Sells 2,124 Shares

Vicor Corporation (NASDAQ:VICR) CFO James Schmidt sold 2,124 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $360.60, for a total value of $765,914.40. Following the completion of the sale, the chief financial officer directly owned 1,216 shares of the company’s stock, valued at $438,489.60. The trade was a 63.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Vicor Stock Performance

NASDAQ:VICR opened at $336.12 on Wednesday. The stock’s fifty day moving average is $282.04 and its 200 day moving average is $197.14. Vicor Corporation has a fifty-two week low of $41.76 and a fifty-two week high of $369.40. The firm has a market capitalization of $15.32 billion, a PE ratio of 112.41 and a beta of 2.36.

Vicor (NASDAQ:VICR) last released its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. Vicor had a return on equity of 20.21% and a net margin of 28.98%.The firm had revenue of $112.97 million for the quarter, compared to analysts’ expectations of $109.05 million. During the same quarter in the prior year, the firm posted $0.06 earnings per share. The company’s quarterly revenue was up 20.2% on a year-over-year basis. Equities analysts forecast that Vicor Corporation will post 2.81 EPS for the current year.

Institutional Trading of Vicor

A number of hedge funds have recently bought and sold shares of the stock. Federated Hermes Inc. purchased a new position in shares of Vicor in the 4th quarter valued at $27,000. Harbour Investments Inc. purchased a new stake in shares of Vicor during the 4th quarter worth $32,000. Allworth Financial LP lifted its stake in shares of 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 purchasing an additional 288 shares during the last quarter. NBC Securities Inc. bought a new stake in Vicor during the fourth quarter valued at about $36,000. Finally, SBI Securities Co. Ltd. grew its stake in 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 purchasing an additional 324 shares during the last quarter. Hedge funds and other institutional investors own 47.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on VICR. Needham & Company LLC lifted their price objective on shares of Vicor to $400.00 and gave the company a “buy” rating in a report on Monday. Craig Hallum raised their target price on shares of Vicor to $450.00 and gave the stock a “buy” rating in a research report on Monday. Wall Street Zen downgraded shares of Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Vicor in a report on Monday, June 1st. Finally, Roth Mkm increased their price objective on Vicor from $285.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Vicor currently has an average rating of “Buy” and a consensus target price of $408.33.

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.