Insider Selling: Vicor (NASDAQ:VICR) Director Sells $248,820.00 in Stock

Vicor Corporation (NASDAQ:VICR) Director Andrew D’amico sold 754 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $330.00, for a total transaction of $248,820.00. Following the completion of the transaction, the director directly owned 754 shares of the company’s stock, valued at approximately $248,820. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• 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 shares were 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 shares were sold at an average price of $312.31, for a total transaction 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 transaction 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 value of $221,600.00.

Vicor Stock Down 1.4%

Shares of Vicor stock opened at $326.93 on Friday. The business has a fifty day simple moving average of $290.25 and a 200 day simple moving average of $201.28. Vicor Corporation has a 12 month low of $41.76 and a 12 month high of $369.40. The stock has a market cap of $14.90 billion, a PE ratio of 109.34 and a beta of 2.36.

Vicor (NASDAQ:VICR) last issued its 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. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The firm had revenue of $112.97 million during the quarter, compared to the consensus estimate of $109.05 million. During the same quarter in the prior year, the firm earned $0.06 earnings per share. The business’s quarterly revenue was up 20.2% on a year-over-year basis. Analysts expect that Vicor Corporation will post 2.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Vicor

Several institutional investors have recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd bought a new stake in Vicor during the 3rd quarter valued at $352,000. Intech Investment Management LLC lifted its stake in shares of Vicor by 36.6% in the 3rd quarter. Intech Investment Management LLC now owns 29,786 shares of the electronics maker’s stock valued at $1,481,000 after purchasing an additional 7,985 shares during the period. Range Financial Group LLC acquired a new stake in Vicor in the fourth quarter valued at approximately $1,537,000. Convergence Investment Partners LLC purchased a new stake in shares of Vicor during the fourth quarter worth about $1,631,000. Finally, Chicago Capital LLC acquired a new stake in Vicor during the 4th quarter worth $771,000. 47.45% of the stock is owned by institutional investors.

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.