Vicor (NASDAQ:VICR) CFO James Schmidt Sells 5,000 Shares of Stock

Vicor Corporation (NASDAQ:VICR) CFO James Schmidt sold 5,000 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $321.83, for a total transaction of $1,609,150.00. Following the completion of the transaction, the chief financial officer owned 5,000 shares of the company’s stock, valued at approximately $1,609,150. This represents a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Vicor Stock Performance

Shares of VICR stock opened at $332.95 on Wednesday. Vicor Corporation has a 52-week low of $41.76 and a 52-week high of $361.89. The stock has a market cap of $15.18 billion, a price-to-earnings ratio of 111.35 and a beta of 2.36. The firm has a fifty day moving average of $234.94 and a 200-day moving average of $171.83.

Vicor (NASDAQ:VICR) last announced its quarterly earnings data on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The company had revenue of $112.97 million during the quarter, compared to analysts’ expectations of $109.05 million. During the same quarter in the prior year, the company posted $0.06 EPS. The business’s revenue was up 20.2% on a year-over-year basis. On average, sell-side analysts predict that Vicor Corporation will post 2.71 earnings per share for the current year.

Institutional Investors Weigh In On Vicor

Several large investors have recently made changes to their positions in VICR. The Manufacturers Life Insurance Company grew its holdings in shares of Vicor by 3,918.9% in the 4th quarter. The Manufacturers Life Insurance Company now owns 432,189 shares of the electronics maker’s stock worth $47,368,000 after purchasing an additional 421,435 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Vicor by 1,542.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 439,820 shares of the electronics maker’s stock worth $48,205,000 after purchasing an additional 413,038 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Vicor by 4,634.5% in the 1st 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 during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Vicor by 1,921.4% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 267,882 shares of the electronics maker’s stock worth $13,319,000 after acquiring an additional 254,630 shares during the last quarter. Finally, CIBC Bancorp USA Inc. bought a new stake in Vicor during the 3rd quarter worth about $12,625,000. Institutional investors own 47.45% of the company’s stock.

Analyst Upgrades and Downgrades

VICR has been the subject of a number of recent research reports. Zacks Research upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Wall Street Zen lowered shares of Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Needham & Company LLC upped their target price on shares of Vicor from $260.00 to $350.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $245.00 target price on shares of Vicor in a report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $228.33.

About Vicor

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.