Vicor (NASDAQ:VICR) Shares Down 7.4% After Insider Selling

Shares of Vicor Corporation (NASDAQ:VICR) traded down 7.4% during trading on Thursday following insider selling activity. The company traded as low as $170.56 and last traded at $172.3270. 172,676 shares traded hands during trading, a decline of 78% from the average session volume of 784,565 shares. The stock had previously closed at $186.00.

Specifically, CEO Patrizio Vinciarelli sold 23,179 shares of Vicor stock in a transaction that occurred on Tuesday, March 24th. The shares were sold at an average price of $179.93, for a total value of $4,170,597.47. Following the completion of the sale, the chief executive officer directly owned 9,034,984 shares in the company, valued at approximately $1,625,664,671.12. The trade was a 0.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Patrizio Vinciarelli sold 44,076 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $179.88, for a total value of $7,928,390.88. Following the completion of the sale, the chief executive officer owned 9,064,087 shares of the company’s stock, valued at approximately $1,630,447,969.56. This trade represents a 0.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on VICR shares. Zacks Research upgraded Vicor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Roth Mkm reiterated a “buy” rating and set a $175.00 target price on shares of Vicor in a research report on Thursday, January 22nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Vicor in a report on Wednesday, January 21st. One equities research 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, Vicor presently has a consensus rating of “Buy” and an average price target of $118.33.

Vicor Stock Performance

The company has a market cap of $7.62 billion, a P/E ratio of 64.26 and a beta of 1.84. The stock’s fifty day moving average price is $170.85 and its two-hundred day moving average price is $114.65.

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

Hedge Funds Weigh In On Vicor

Several hedge funds and other institutional investors have recently modified their holdings of the business. Dynamic Technology Lab Private Ltd bought a new position in Vicor in the 3rd quarter valued at approximately $352,000. Summit Global Investments bought a new stake in shares of Vicor during the third quarter worth $1,050,000. Colrain Capital LLC grew its stake in shares of Vicor by 10.4% during the third quarter. Colrain Capital LLC now owns 254,140 shares of the electronics maker’s stock worth $12,636,000 after buying an additional 23,940 shares during the last quarter. Public Sector Pension Investment Board increased its holdings in shares of Vicor by 13.4% during the third quarter. Public Sector Pension Investment Board now owns 89,312 shares of the electronics maker’s stock worth $4,441,000 after buying an additional 10,532 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Vicor in the 3rd quarter valued at $448,000. 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.