James Schmidt Sells 331 Shares of Vicor (NASDAQ:VICR) Stock

Vicor Corporation (NASDAQ:VICR) CFO James Schmidt sold 331 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $334.90, for a total value of $110,851.90. Following the transaction, the chief financial officer owned 331 shares in the company, valued at $110,851.90. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Vicor Stock Performance

Shares of NASDAQ:VICR opened at $326.93 on Friday. The firm has a market capitalization of $14.90 billion, a P/E ratio of 109.34 and a beta of 2.36. The stock has a 50 day moving average price of $290.25 and a 200-day moving average price of $201.28. Vicor Corporation has a 52-week low of $41.76 and a 52-week high of $369.40.

Vicor (NASDAQ:VICR) last released its quarterly 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 analyst estimates of $109.05 million. Vicor had a return on equity of 20.21% and a net margin of 28.98%.The firm’s revenue was up 20.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.06 earnings per share. On average, equities analysts forecast that Vicor Corporation will post 2.94 EPS for the current fiscal year.

Institutional Investors Weigh In On Vicor

Institutional investors have recently modified their holdings of the stock. Sapient Capital LLC grew its stake in shares of 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 during the last quarter. Empowered Funds LLC raised its position in shares of Vicor by 6,794.9% in the 1st quarter. Empowered Funds LLC now owns 51,091 shares of the electronics maker’s stock worth $8,226,000 after purchasing an additional 50,350 shares during the last quarter. Parallel Advisors LLC boosted its stake in Vicor by 167.8% in 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 stake in Vicor by 1,493.1% in 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 bought a new position in Vicor in the 1st quarter worth about $209,000. 47.45% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on VICR shares. Wall Street Zen cut shares of Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Craig Hallum lifted their price target on shares of Vicor to $450.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Roth Mkm lifted their price target on shares of Vicor from $285.00 to $375.00 and gave the company a “buy” rating in a research report on Monday. Needham & Company LLC boosted their price objective on shares of Vicor to $400.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Vicor in a report on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Vicor has a consensus rating of “Buy” and an average target price 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.