James Schmidt Sells 1,000 Shares of Vicor (NASDAQ:VICR) Stock

Vicor Corporation (NASDAQ:VICR) CFO James Schmidt sold 1,000 shares of the company’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $331.68, for a total transaction of $331,680.00. Following the sale, the chief financial officer owned 1,000 shares of the company’s stock, valued at $331,680. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Vicor Price Performance

VICR traded up $40.76 during trading on Monday, hitting $367.69. 737,413 shares of the stock traded hands, compared to its average volume of 844,283. The firm has a market capitalization of $16.76 billion, a P/E ratio of 123.28 and a beta of 2.36. Vicor Corporation has a 12-month low of $41.76 and a 12-month high of $370.00. The firm has a 50-day moving average of $290.25 and a 200 day moving average of $202.01.

Vicor (NASDAQ:VICR) last released its quarterly earnings data on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. The firm had revenue of $112.97 million for the quarter, compared to analysts’ expectations of $109.05 million. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The company’s revenue for the quarter was up 20.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.06 earnings per share. As a group, equities analysts predict that Vicor Corporation will post 2.94 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on VICR shares. Craig Hallum increased their price objective on Vicor to $450.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Wall Street Zen downgraded Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Needham & Company LLC raised their price target on Vicor to $400.00 and gave the stock a “buy” rating in a research note 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 report on Monday, June 22nd. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Vicor in a research 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 company. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $408.33.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Federated Hermes Inc. bought a new stake in shares of Vicor during the fourth quarter valued at approximately $27,000. Blue Trust Inc. raised its holdings in Vicor by 1,814.3% in the first quarter. Blue Trust Inc. now owns 268 shares of the electronics maker’s stock worth $43,000 after purchasing an additional 254 shares in the last quarter. ROSS JOHNSON & Associates LLC lifted its position in Vicor by 13,750.0% during the first quarter. ROSS JOHNSON & Associates LLC now owns 277 shares of the electronics maker’s stock valued at $45,000 after buying an additional 275 shares during the period. Harbour Investments Inc. purchased a new position in Vicor during the fourth quarter valued at $32,000. Finally, Meeder Asset Management Inc. boosted its holdings in shares of Vicor by 189.4% during the 1st quarter. Meeder Asset Management Inc. now owns 301 shares of the electronics maker’s stock valued at $48,000 after buying an additional 197 shares in the last quarter. Institutional investors own 47.45% of the company’s stock.

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.