Insider Selling: Vicor (NASDAQ:VICR) CFO Sells 2,124 Shares of Stock

Vicor Corporation (NASDAQ:VICR) CFO James Schmidt sold 2,124 shares of the company’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $360.60, for a total transaction of $765,914.40. Following the sale, the chief financial officer directly owned 1,216 shares in the company, valued at approximately $438,489.60. The trade was a 63.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Vicor Stock Performance

Shares of NASDAQ:VICR traded down $34.86 on Tuesday, reaching $330.67. The company’s stock had a trading volume of 750,450 shares, compared to its average volume of 819,573. The company has a 50-day simple moving average of $279.03 and a 200 day simple moving average of $195.43. Vicor Corporation has a 52-week low of $41.76 and a 52-week high of $369.40. The company has a market cap of $15.07 billion, a P/E ratio of 110.59 and a beta of 2.36.

Vicor (NASDAQ:VICR) last announced its quarterly earnings results on Tuesday, April 21st. The electronics maker reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. The firm had revenue of $112.97 million during the quarter, compared to the consensus estimate of $109.05 million. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The firm’s revenue for the quarter was up 20.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.06 EPS. On average, equities research analysts forecast that Vicor Corporation will post 2.71 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

VICR has been the topic of several analyst reports. Needham & Company LLC boosted their target price on Vicor to $400.00 and gave the company a “buy” rating in a research report on Monday. Zacks Research upgraded Vicor from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Vicor in a research report on Monday, June 1st. Craig Hallum increased their target price on shares of Vicor to $450.00 and gave the company a “buy” rating in a research note on Monday. Finally, Roth Mkm 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. One 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, Vicor presently has a consensus rating of “Buy” and a consensus target price of $408.33.

Institutional Investors Weigh In On Vicor

A number of institutional investors and hedge funds have recently modified their holdings of VICR. Dynamic Technology Lab Private Ltd bought a new position in shares of Vicor in the third quarter worth about $352,000. Intech Investment Management LLC increased its position in shares of Vicor by 36.6% during the third quarter. Intech Investment Management LLC now owns 29,786 shares of the electronics maker’s stock worth $1,481,000 after acquiring an additional 7,985 shares during the period. Range Financial Group LLC bought a new stake in shares of Vicor during the fourth quarter valued at approximately $1,537,000. Convergence Investment Partners LLC purchased a new stake in shares of Vicor in the fourth quarter valued at approximately $1,631,000. Finally, Chicago Capital LLC bought a new position in Vicor in the fourth quarter worth approximately $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.