Insider Selling: Vicor (NASDAQ:VICR) Director Sells $506,727.10 in Stock

Vicor Corporation (NASDAQ:VICR) Director Estia Eichten sold 5,555 shares of the stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $91.22, for a total value of $506,727.10. Following the transaction, the director owned 225,267 shares in the company, valued at $20,548,855.74. The trade was a 2.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Vicor Stock Performance

Vicor stock opened at $91.17 on Thursday. Vicor Corporation has a 52-week low of $38.92 and a 52-week high of $96.58. The stock’s 50 day moving average price is $56.58 and its two-hundred day moving average price is $49.31. The stock has a market capitalization of $4.10 billion, a price-to-earnings ratio of 49.82 and a beta of 1.73.

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

Analysts Set New Price Targets

A number of brokerages have recently weighed in on VICR. Craig Hallum raised Vicor from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a research report on Wednesday, October 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vicor in a research report on Wednesday, October 8th. Wall Street Zen raised Vicor from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Finally, Needham & Company LLC set a $90.00 target price on Vicor and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $90.00.

Institutional Investors Weigh In On Vicor

Institutional investors and hedge funds have recently bought and sold shares of the stock. Optimum Investment Advisors purchased a new stake in Vicor in the 1st quarter valued at $26,000. Nisa Investment Advisors LLC grew its stake in Vicor by 53.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker’s stock valued at $30,000 after purchasing an additional 210 shares during the period. Manchester Capital Management LLC grew its stake in Vicor by 76.8% in the 1st quarter. Manchester Capital Management LLC now owns 610 shares of the electronics maker’s stock valued at $29,000 after purchasing an additional 265 shares during the period. Strs Ohio bought a new position in Vicor in the 1st quarter valued at $56,000. Finally, KBC Group NV bought a new position in Vicor in the 1st quarter valued at $57,000. 47.45% of the stock is owned by hedge funds and other institutional investors.

Vicor Company Profile

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.