Insider Selling: Vicor (NASDAQ:VICR) Director Sells $105,764.43 in Stock

Vicor Corporation (NASDAQ:VICR) Director Andrew D’amico sold 331 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $319.53, for a total value of $105,764.43. Following the transaction, the director owned 200 shares of the company’s stock, valued at $63,906. This trade represents a 62.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Andrew D’amico also recently made the following trade(s):

• On Thursday, June 25th, Andrew D’amico sold 200 shares of Vicor stock. The stock was sold at an average price of $336.82, for a total value of $67,364.00.
• On Tuesday, June 23rd, Andrew D’amico sold 754 shares of Vicor stock. The stock was sold at an average price of $330.00, for a total value of $248,820.00.
• On Monday, June 22nd, Andrew D’amico sold 1,216 shares of Vicor stock. The shares were sold at an average price of $360.77, for a total value of $438,696.32.
• On Thursday, May 14th, Andrew D’amico sold 800 shares of Vicor stock. The stock was sold at an average price of $315.35, for a total value of $252,280.00.
• On Wednesday, May 13th, Andrew D’amico sold 1,200 shares of Vicor stock. The stock was sold at an average price of $312.31, for a total value of $374,772.00.
• On Tuesday, May 12th, Andrew D’amico sold 565 shares of Vicor stock. The stock was sold at an average price of $303.03, for a total value of $171,211.95.
• On Monday, May 4th, Andrew D’amico sold 7,512 shares of Vicor stock. The shares were sold at an average price of $252.89, for a total transaction of $1,899,709.68.
• On Monday, April 27th, Andrew D’amico sold 800 shares of Vicor stock. The stock was sold at an average price of $277.00, for a total transaction of $221,600.00.

Vicor Price Performance

VICR stock opened at $350.21 on Thursday. Vicor Corporation has a 12 month low of $41.76 and a 12 month high of $382.65. The firm’s 50-day moving average is $299.26 and its 200 day moving average is $207.61. The company has a market capitalization of $15.96 billion, a PE ratio of 117.13 and a beta of 2.32.

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. Sell-side analysts forecast that Vicor Corporation will post 2.94 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on the company. Wall Street Zen downgraded Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Needham & Company LLC increased their price target on Vicor to $400.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Craig Hallum raised their price target on Vicor to $450.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Weiss Ratings restated a “hold (c+)” rating on shares of Vicor in a report on Monday, June 1st. Finally, Roth Mkm upped their price objective on shares of Vicor from $285.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. One 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 MarketBeat, the company has an average rating of “Buy” and a consensus price target of $408.33.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada lifted its stake in shares of Vicor by 6.0% during the 1st quarter. Royal Bank of Canada now owns 15,167 shares of the electronics maker’s stock worth $709,000 after purchasing an additional 857 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Vicor by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,537 shares of the electronics maker’s stock valued at $633,000 after purchasing an additional 563 shares during the last quarter. Millennium Management LLC raised its holdings in 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 purchasing an additional 259,022 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Vicor by 38.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 41,541 shares of the electronics maker’s stock worth $1,943,000 after purchasing an additional 11,525 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its position in shares of Vicor by 56.1% during the first quarter. Acadian Asset Management LLC now owns 8,860 shares of the electronics maker’s stock valued at $413,000 after buying an additional 3,184 shares during the last quarter. 47.45% of the stock is currently owned by hedge funds and other institutional investors.

Vicor News Roundup

Here are the key news stories impacting Vicor this week:

• Neutral Sentiment: CEO Patrizio Vinciarelli sold 20,000 shares on June 30, following earlier June sales, adding to investor focus on persistent insider selling. Patrizio Vinciarelli insider trade details
• Positive Sentiment: Vicor recently lifted second-quarter revenue guidance, citing stronger product revenue and additional royalty income, which supports the company’s growth outlook. Vicor slides as investors digest insider selling despite strong recent guidance
• Positive Sentiment: The company’s Q1 results were solid, with revenue of $113.0 million, EPS of $0.44, and backlog up 75% year over year, reinforcing the idea that the business itself remains healthy. Vicor slides as investors digest insider selling despite strong recent guidance
• Negative Sentiment: Recent SEC filings show continued CEO share sales under a Rule 10b5-1 plan, which may be weighing on sentiment as traders interpret the activity as ongoing supply overhang. Vicor insider selling and guidance article

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.