Vicor (NASDAQ:VICR) Trading Down 8.1% on Insider Selling

Vicor Corporation (NASDAQ:VICR)’s stock price dropped 8.1% during trading on Friday following insider selling activity. The company traded as low as $177.23 and last traded at $174.79. Approximately 302,359 shares were traded during trading, a decline of 59% from the average daily volume of 732,031 shares. The stock had previously closed at $190.13.

Specifically, CEO Patrizio Vinciarelli sold 50,000 shares of Vicor stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $196.18, for a total value of $9,809,000.00. Following the transaction, the chief executive officer owned 9,158,163 shares in the company, valued at approximately $1,796,648,417.34. The trade was a 0.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael Mcnamara sold 7,174 shares of the stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $190.07, for a total value of $1,363,562.18. Following the sale, the insider directly owned 18,138 shares of the company’s stock, valued at approximately $3,447,489.66. This trade represents a 28.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In other news, CEO Patrizio Vinciarelli sold 50,000 shares of the stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $184.67, for a total transaction of $9,233,500.00. Following the completion of the sale, the chief executive officer directly owned 9,258,163 shares in the company, valued at approximately $1,709,704,961.21. This represents a 0.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on VICR shares. Roth Mkm reiterated a “buy” rating and issued a $175.00 price objective on shares of Vicor in a report on Thursday, January 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vicor in a research note on Wednesday, January 21st. Zacks Research upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Finally, Wall Street Zen lowered shares of Vicor from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 23rd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $118.33.

Vicor Price Performance

The stock’s 50 day simple moving average is $168.07 and its two-hundred day simple moving average is $110.74. The firm has a market cap of $7.72 billion, a P/E ratio of 66.09 and a beta of 1.84.

Vicor (NASDAQ:VICR) last posted its quarterly earnings results on Thursday, February 19th. The electronics maker reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.63. The company had revenue of $362.70 million for the quarter, compared to the consensus estimate of $107.78 million. Vicor had a return on equity of 18.73% and a net margin of 26.19%.The firm’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.23 EPS.

Hedge Funds Weigh In On Vicor

Large investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company grew its position in Vicor by 3,918.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 432,189 shares of the electronics maker’s stock valued at $47,368,000 after purchasing an additional 421,435 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Vicor by 1,542.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 439,820 shares of the electronics maker’s stock worth $48,205,000 after buying an additional 413,038 shares in the last quarter. Millennium Management LLC lifted its stake in shares of Vicor by 4,634.5% in the first quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock worth $12,379,000 after buying an additional 259,022 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Vicor by 1,921.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 267,882 shares of the electronics maker’s stock valued at $13,319,000 after buying an additional 254,630 shares during the last quarter. Finally, CIBC Bancorp USA Inc. bought a new stake in shares of Vicor during the third quarter valued at approximately $12,625,000. Hedge funds and other 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.