Vicor (NASDAQ:VICR) Insider Michael Mcnamara Sells 4,237 Shares of Stock

Vicor Corporation (NASDAQ:VICR) insider Michael Mcnamara sold 4,237 shares of Vicor stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $101.23, for a total value of $428,911.51. Following the sale, the insider directly owned 18,138 shares in the company, valued at $1,836,109.74. The trade was a 18.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Vicor Trading Down 3.1%

Shares of VICR opened at $97.80 on Friday. The stock has a market cap of $4.37 billion, a PE ratio of 53.44 and a beta of 1.94. Vicor Corporation has a 1 year low of $38.92 and a 1 year high of $102.19. The stock has a 50 day simple moving average of $82.39 and a 200-day simple moving average of $59.71.

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

Analyst Ratings Changes

Several research firms have recently weighed in on VICR. Needham & Company LLC set a $90.00 target price on shares of Vicor and gave the stock a “buy” rating in a report on Wednesday, October 22nd. 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 report on Wednesday, October 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vicor in a research note on Wednesday, October 8th. Finally, Wall Street Zen lowered shares of Vicor from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 23rd. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Vicor currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.00.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. increased its position in Vicor by 13.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,129 shares of the electronics maker’s stock valued at $56,000 after acquiring an additional 136 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Vicor by 53.4% during the third quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker’s stock worth $30,000 after purchasing an additional 210 shares in the last quarter. Amalgamated Bank grew its stake in shares of Vicor by 3.4% during the third quarter. Amalgamated Bank now owns 6,782 shares of the electronics maker’s stock valued at $337,000 after purchasing an additional 224 shares during the last quarter. Creative Planning grew its stake in shares of Vicor by 5.4% during the third quarter. Creative Planning now owns 5,465 shares of the electronics maker’s stock valued at $272,000 after purchasing an additional 281 shares during the last quarter. Finally, Illinois Municipal Retirement Fund grew its stake in shares of Vicor by 3.3% during the third quarter. Illinois Municipal Retirement Fund now owns 12,323 shares of the electronics maker’s stock valued at $613,000 after purchasing an additional 394 shares during the last quarter. 47.45% of the stock is owned by institutional investors.

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.