James Schmidt Sells 754 Shares of Vicor (NASDAQ:VICR) Stock

Vicor Corporation (NASDAQ:VICR) CFO James Schmidt sold 754 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $330.00, for a total value of $248,820.00. Following the transaction, the chief financial officer directly owned 754 shares in the company, valued at approximately $248,820. This represents a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Vicor Stock Up 2.9%

VICR opened at $331.59 on Friday. The business has a 50 day moving average price of $287.59 and a two-hundred day moving average price of $200.40. The company has a market cap of $15.11 billion, a PE ratio of 110.90 and a beta of 2.36. Vicor Corporation has a 52 week low of $41.76 and a 52 week high of $369.40.

Vicor (NASDAQ:VICR) last announced its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.04. The company had revenue of $112.97 million for the quarter, compared to the consensus estimate of $109.05 million. Vicor had a return on equity of 20.21% and a net margin of 28.98%.The company’s revenue was up 20.2% on a year-over-year basis. During the same period last year, the business posted $0.06 EPS. As a group, sell-side analysts expect that Vicor Corporation will post 2.94 EPS for the current fiscal year.

Key Stories Impacting Vicor

Here are the key news stories impacting Vicor this week:

• Positive Sentiment: Analysts remain constructive on Vicor, with Craig Hallum, Needham, and Roth Mkm all raising price targets and keeping buy ratings. The stock still carries a consensus Buy rating, which supports the recent strength in shares.
• Positive Sentiment: Vicor’s last quarterly report showed solid execution, with EPS and revenue both beating expectations and revenue rising 20.2% year over year. That strong operating trend helps explain why the stock has been trading near its high end. Article Title
• Neutral Sentiment: Short-interest data showed no material change, with reported short interest still at 0 shares. This appears to be a non-event for investors. Article Title

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of VICR. Sapient Capital LLC raised its position in Vicor by 54.6% in the first quarter. Sapient Capital LLC now owns 2,830 shares of the electronics maker’s stock worth $456,000 after acquiring an additional 1,000 shares in the last quarter. Empowered Funds LLC lifted its holdings in Vicor by 6,794.9% in the first quarter. Empowered Funds LLC now owns 51,091 shares of the electronics maker’s stock valued at $8,226,000 after acquiring an additional 50,350 shares during the period. Parallel Advisors LLC boosted its position in shares of Vicor by 167.8% during the 1st quarter. Parallel Advisors LLC now owns 490 shares of the electronics maker’s stock worth $79,000 after purchasing an additional 307 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of Vicor by 1,493.1% during the 1st quarter. NewEdge Advisors LLC now owns 2,071 shares of the electronics maker’s stock worth $333,000 after purchasing an additional 1,941 shares in the last quarter. Finally, Axiom Investment Management LLC acquired a new position in shares of Vicor during the 1st quarter worth $209,000. Institutional investors and hedge funds own 47.45% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on VICR shares. Craig Hallum boosted their price objective on shares of Vicor to $450.00 and gave the company a “buy” rating in a research note on Monday. Weiss Ratings restated a “hold (c+)” rating on shares of Vicor in a research note on Monday, June 1st. Needham & Company LLC lifted their target price on shares of Vicor to $400.00 and gave the company a “buy” rating in a report on Monday. Roth Mkm boosted their price target on shares of Vicor from $285.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Wall Street Zen cut shares of Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. One 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. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $408.33.

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.