Vicor (NASDAQ:VICR) VP Sells $697,577.67 in Stock

Vicor Corporation (NASDAQ:VICR) VP Kemble Morrison sold 2,313 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $301.59, for a total transaction of $697,577.67. Following the completion of the sale, the vice president directly owned 372 shares of the company’s stock, valued at approximately $112,191.48. This trade represents a 86.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Vicor Stock Performance

Vicor stock traded down $25.52 during trading hours on Tuesday, hitting $287.44. The company had a trading volume of 1,111,654 shares, compared to its average volume of 824,394. The firm has a market cap of $13.10 billion, a P/E ratio of 96.67 and a beta of 2.33. Vicor Corporation has a 1 year low of $40.54 and a 1 year high of $313.52. The company has a 50-day moving average price of $202.49 and a two-hundred day moving average price of $150.34.

Vicor (NASDAQ:VICR) last released its quarterly earnings data on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.04. The company had revenue of $112.97 million during the quarter, compared to analysts’ expectations of $109.05 million. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The firm’s quarterly revenue was up 20.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.06 EPS. As a group, equities research analysts anticipate that Vicor Corporation will post 2.71 EPS for the current year.

Institutional Investors Weigh In On Vicor

Several hedge funds have recently modified their holdings of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Vicor by 1.2% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,692 shares of the electronics maker’s stock valued at $916,000 after acquiring an additional 68 shares during the last quarter. ProShare Advisors LLC lifted its position in Vicor by 1.7% during the fourth quarter. ProShare Advisors LLC now owns 4,469 shares of the electronics maker’s stock valued at $490,000 after acquiring an additional 74 shares during the last quarter. Bouvel Investment Partners LLC lifted its position in Vicor by 0.4% during the fourth quarter. Bouvel Investment Partners LLC now owns 24,183 shares of the electronics maker’s stock valued at $2,650,000 after acquiring an additional 85 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in Vicor by 1.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,238 shares of the electronics maker’s stock valued at $574,000 after acquiring an additional 90 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in Vicor by 13.7% during the third quarter. PNC Financial Services Group Inc. now owns 1,129 shares of the electronics maker’s stock valued at $56,000 after acquiring an additional 136 shares during the last quarter. Hedge funds and other institutional investors own 47.45% of the company’s stock.

Key Headlines Impacting Vicor

Here are the key news stories impacting Vicor this week:

• Positive Sentiment: Media coverage highlighted Vicor as a “stock of the day” after it jumped on record data-center demand, reinforcing the view that demand for the company’s power modules is strong. IBD stock of the day Vicor jumps 20% in a day on record data-center demand
• Positive Sentiment: Another article argued Vicor is “selling everything they can make,” suggesting production is sold out or near capacity, which can signal strong near-term revenue momentum. Vicor Is Selling Everything They Can Make!
• Positive Sentiment: Options activity spiked, with traders buying far more call options than usual, a sign of elevated bullish speculation in VICR.
• Positive Sentiment: A commentary piece described Vicor as an “IP compounder,” which may be supporting the market’s view that the company has valuable long-term technology assets. Vicor: An IP Compounder Hiding Inside An Old Semiconductor Stock
• Neutral Sentiment: Jim Cramer’s recent comments were cautionary, advising investors to wait for the stock to cool off, which may temper enthusiasm but does not change the underlying business outlook. If you don’t own Vicor yet, be patient and wait for the stock to cool off, says Jim Cramer
• Neutral Sentiment: Cramer also featured Vicor in a “stop trading” segment, which adds visibility but is not a clear fundamental positive or negative. Cramer’s Stop Trading: Vicor
• Negative Sentiment: Vicor’s CAO Quentin A. Fendelet sold more than 5,000 shares at about $297 per share, trimming ownership by roughly half, which can be viewed as a mild insider-confidence concern. SEC insider filing

Wall Street Analyst Weigh In

Several research firms have issued reports on VICR. Weiss Ratings reissued a “hold (c)” rating on shares of Vicor in a research report on Wednesday, January 21st. Zacks Research raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Roth Mkm reissued a “buy” rating and issued a $245.00 price objective on shares of Vicor in a research report on Monday, April 20th. Wall Street Zen cut shares of Vicor from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Finally, Needham & Company LLC upped their price target on shares of Vicor from $180.00 to $260.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. One 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’s stock. According to MarketBeat, Vicor presently has a consensus rating of “Buy” and an average price target of $198.33.

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.