Vicor (NASDAQ:VICR) Shares Gap Down Following Insider Selling

Vicor Corporation (NASDAQ:VICR)’s share price gapped down prior to trading on Tuesday after an insider sold shares in the company. The stock had previously closed at $285.34, but opened at $265.50. Vicor shares last traded at $258.81, with a volume of 117,488 shares.

Specifically, CEO Patrizio Vinciarelli sold 20,000 shares of the company’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $318.88, for a total value of $6,377,600.00. Following the transaction, the chief executive officer directly owned 8,348,090 shares of the company’s stock, valued at $2,662,038,939.20. This represents a 0.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Philip D. Davies sold 3,073 shares of the stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $356.97, for a total value of $1,096,968.81. Following the transaction, the vice president owned 1,920 shares in the company, valued at $685,382.40. The trade was a 61.55% decrease in their position. The disclosure for this sale is available in the SEC filing. In other news, CEO Patrizio Vinciarelli sold 20,000 shares of the business’s stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $375.04, for a total value of $7,500,800.00. Following the completion of the sale, the chief executive officer owned 8,368,090 shares of the company’s stock, valued at approximately $3,138,368,473.60. The trade was a 0.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on VICR. Needham & Company LLC raised their price target on shares of Vicor to $400.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Vicor in a report on Monday, June 1st. Roth Capital raised their target price on shares of Vicor from $285.00 to $375.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. 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, Wall Street Zen cut Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $408.33.

Vicor Stock Down 11.1%

The stock has a 50 day moving average of $300.86 and a 200 day moving average of $211.58. The firm has a market cap of $11.56 billion, a price-to-earnings ratio of 84.81 and a beta of 2.33.

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, topping 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 firm had revenue of $112.97 million for the quarter, compared to the consensus estimate of $109.05 million. During the same period in the prior year, the company posted $0.06 earnings per share. The business’s revenue for the quarter was up 20.2% on a year-over-year basis. As a group, analysts predict that Vicor Corporation will post 2.94 EPS for the current fiscal year.

Institutional Trading of Vicor

Large investors have recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd bought a new position in Vicor in the third quarter valued at about $352,000. Range Financial Group LLC acquired a new stake in shares of Vicor in the 4th quarter valued at approximately $1,537,000. Convergence Investment Partners LLC bought a new stake in shares of Vicor during the 4th quarter valued at approximately $1,631,000. Chicago Capital LLC bought a new stake in shares of Vicor during the 4th quarter valued at approximately $771,000. Finally, Washburn Capital Management Inc. acquired a new position in Vicor during the 4th quarter worth approximately $812,000. Institutional investors and hedge funds 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.