James Schmidt Sells 7,453 Shares of Vicor (NASDAQ:VICR) Stock

Vicor Corporation (NASDAQ:VICR) CFO James Schmidt sold 7,453 shares of the stock in a transaction that occurred on Thursday, October 23rd. The shares were sold at an average price of $91.75, for a total transaction of $683,812.75. Following the sale, the chief financial officer directly owned 875 shares of the company’s stock, valued at $80,281.25. The trade was a 89.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Vicor Stock Down 0.4%

NASDAQ:VICR opened at $89.65 on Wednesday. Vicor Corporation has a 52 week low of $38.92 and a 52 week high of $96.58. The firm has a 50 day moving average of $55.69 and a 200 day moving average of $49.00. The stock has a market capitalization of $4.03 billion, a price-to-earnings ratio of 48.99 and a beta of 1.73.

Vicor (NASDAQ:VICR) last posted its earnings results on Tuesday, October 21st. The electronics maker reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.43. Vicor had a net margin of 18.63% and a return on equity of 13.77%. The company had revenue of $110.42 million during the quarter, compared to analysts’ expectations of $95.40 million. During the same quarter in the prior year, the company posted $0.26 earnings per share. Vicor’s revenue for the quarter was up 18.5% compared to the same quarter last year.

Analyst Upgrades and Downgrades

VICR has been the subject of a number of analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Vicor in a research report on Wednesday, October 8th. Craig Hallum upgraded shares of Vicor from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a research note on Wednesday, October 22nd. Needham & Company LLC set a $90.00 price target on shares of Vicor and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Finally, Wall Street Zen upgraded shares of Vicor from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Vicor currently has a consensus rating of “Moderate Buy” and an average target price of $90.00.

Institutional Trading of Vicor

A number of hedge funds and other institutional investors have recently made changes to their positions in VICR. Optimum Investment Advisors acquired a new stake in shares of Vicor in the first quarter worth $26,000. Manchester Capital Management LLC increased its stake in shares of Vicor by 76.8% in the first quarter. Manchester Capital Management LLC now owns 610 shares of the electronics maker’s stock worth $29,000 after acquiring an additional 265 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of Vicor by 53.4% in the third quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker’s stock worth $30,000 after acquiring an additional 210 shares during the period. Strs Ohio acquired a new stake in shares of Vicor in the first quarter worth $56,000. Finally, KBC Group NV acquired a new stake in shares of Vicor in the first quarter worth $57,000. Institutional investors and hedge funds own 47.45% of the company’s stock.

About Vicor

Vicor Corporation, together with its subsidiaries, designs, develops, manufactures, and markets modular power components and power systems for converting electrical power in the United States, Europe, the Asia Pacific, and internationally. The company offers a range of brick-format DC-DC converters; complementary components provide AC line rectification, input filtering, power factor correction, and transient protection; and input and output voltage, and output power products, as well as electrical and mechanical accessories.