Insider Selling: Vicor (NASDAQ:VICR) CFO Sells 754 Shares

Vicor Corporation (NASDAQ:VICR) CFO James Schmidt sold 754 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $330.00, for a total value of $248,820.00. Following the completion of the transaction, the chief financial officer directly owned 754 shares in the company, valued at $248,820. The trade was a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Vicor Stock Performance

NASDAQ:VICR traded down $5.99 during mid-day trading on Wednesday, hitting $330.13. 227,857 shares of the stock were exchanged, compared to its average volume of 816,927. The firm’s 50-day simple moving average is $282.04 and its 200 day simple moving average is $197.14. The stock has a market capitalization of $15.05 billion, a price-to-earnings ratio of 110.41 and a beta of 2.36. Vicor Corporation has a fifty-two week low of $41.76 and a fifty-two week high of $369.40.

Vicor (NASDAQ:VICR) last posted its quarterly earnings data on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.04. The firm had revenue of $112.97 million for the quarter, compared to analysts’ expectations of $109.05 million. Vicor had a return on equity of 20.21% and a net margin of 28.98%.The company’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.06 EPS. On average, analysts predict that Vicor Corporation will post 2.81 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on VICR. Needham & Company LLC boosted their price objective on shares of Vicor to $400.00 and gave the company a “buy” rating in a report on Monday. Craig Hallum raised their target price on shares of Vicor to $450.00 and gave the stock a “buy” rating in a report on Monday. Wall Street Zen downgraded shares of Vicor from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Vicor in a research note on Monday, June 1st. Finally, Roth Mkm increased their price target on Vicor from $285.00 to $375.00 and gave the stock a “buy” rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Vicor presently has an average rating of “Buy” and an average target price of $408.33.

Institutional Investors Weigh In On Vicor

A number of large investors have recently bought and sold shares of the company. Federated Hermes Inc. bought a new stake in Vicor during the 4th quarter worth $27,000. Blue Trust Inc. boosted its stake in shares of Vicor by 1,814.3% during the first quarter. Blue Trust Inc. now owns 268 shares of the electronics maker’s stock valued at $43,000 after purchasing an additional 254 shares in the last quarter. ROSS JOHNSON & Associates LLC grew its holdings in shares of Vicor by 13,750.0% during the first quarter. ROSS JOHNSON & Associates LLC now owns 277 shares of the electronics maker’s stock worth $45,000 after purchasing an additional 275 shares during the last quarter. Harbour Investments Inc. acquired a new position in shares of Vicor in the fourth quarter valued at approximately $32,000. Finally, Meeder Asset Management Inc. raised its holdings in Vicor by 189.4% in the 1st quarter. Meeder Asset Management Inc. now owns 301 shares of the electronics maker’s stock valued at $48,000 after buying an additional 197 shares during the last quarter. 47.45% of the stock is currently owned by institutional investors and hedge funds.

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.