Insider Selling: Vicor (NASDAQ:VICR) VP Sells 5,412 Shares of Stock

Vicor Corporation (NASDAQ:VICR) VP Nancy Grava sold 5,412 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $265.00, for a total value of $1,434,180.00. Following the completion of the sale, the vice president owned 508 shares in the company, valued at $134,620. This represents a 91.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Vicor Price Performance

Shares of Vicor stock traded down $18.56 during trading hours on Thursday, reaching $261.78. The company had a trading volume of 522,333 shares, compared to its average volume of 809,888. The firm has a market cap of $11.88 billion, a PE ratio of 87.43 and a beta of 2.33. Vicor Corporation has a one year low of $40.54 and a one year high of $293.95. The business has a fifty day simple moving average of $197.74 and a 200 day simple moving average of $145.77.

Vicor (NASDAQ:VICR) last announced its quarterly earnings results on Tuesday, April 21st. The electronics maker reported $0.44 EPS for the quarter, beating the consensus estimate of $0.40 by $0.04. The firm had revenue of $112.97 million during the quarter, compared to the consensus estimate of $109.05 million. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The business’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same period last year, the firm earned $0.06 EPS. On average, research analysts forecast that Vicor Corporation will post 2.71 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on VICR. Wall Street Zen lowered shares of Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of Vicor in a research report on Wednesday, January 21st. Roth Mkm reissued a “buy” rating and issued a $245.00 price target on shares of Vicor in a research note on Monday, April 20th. Zacks Research upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Finally, Needham & Company LLC raised their price objective on Vicor from $180.00 to $260.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. One investment 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 MarketBeat, Vicor has a consensus rating of “Buy” and a consensus price target of $198.33.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in VICR. Royal Bank of Canada lifted its stake in shares of Vicor by 6.0% in the first quarter. Royal Bank of Canada now owns 15,167 shares of the electronics maker’s stock worth $709,000 after buying an additional 857 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Vicor by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,537 shares of the electronics maker’s stock worth $633,000 after acquiring an additional 563 shares during the last quarter. Millennium Management LLC lifted its position in Vicor by 4,634.5% in the 1st quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock valued at $12,379,000 after acquiring an additional 259,022 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Vicor by 38.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 41,541 shares of the electronics maker’s stock valued at $1,943,000 after purchasing an additional 11,525 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its stake in Vicor by 56.1% during the 1st quarter. Acadian Asset Management LLC now owns 8,860 shares of the electronics maker’s stock valued at $413,000 after purchasing an additional 3,184 shares during the last quarter. 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.