Vicor (NASDAQ:VICR) CFO James Schmidt Sells 875 Shares of Stock

Vicor Corporation (NASDAQ:VICR) CFO James Schmidt sold 875 shares of the firm’s stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $91.92, for a total transaction of $80,430.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Vicor Price Performance

NASDAQ:VICR traded down $14.00 during trading hours on Thursday, reaching $164.83. 136,607 shares of the stock were exchanged, compared to its average volume of 720,538. The stock has a market cap of $7.36 billion, a PE ratio of 62.88 and a beta of 1.84. Vicor Corporation has a twelve month low of $38.92 and a twelve month high of $209.53. The firm has a 50 day moving average of $161.48 and a 200 day moving average of $105.59.

Vicor (NASDAQ:VICR) last posted its quarterly earnings results on Thursday, February 19th. The electronics maker reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.63. The firm had revenue of $362.70 million during the quarter, compared to the consensus estimate of $107.78 million. Vicor had a return on equity of 18.73% and a net margin of 26.19%.The business’s revenue was up 11.5% compared to the same quarter last year. During the same period last year, the company earned $0.23 earnings per share.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Vicor by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 2,534,534 shares of the electronics maker’s stock valued at $277,785,000 after purchasing an additional 60,963 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Vicor by 4.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 578,515 shares of the electronics maker’s stock worth $28,759,000 after purchasing an additional 25,393 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Vicor by 1,542.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 439,820 shares of the electronics maker’s stock worth $48,205,000 after acquiring an additional 413,038 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in Vicor by 3,918.9% during the fourth quarter. The Manufacturers Life Insurance Company now owns 432,189 shares of the electronics maker’s stock valued at $47,368,000 after buying an additional 421,435 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Vicor by 39.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 374,088 shares of the electronics maker’s stock worth $41,000,000 after buying an additional 106,206 shares during the last quarter. 47.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on VICR shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Vicor in a research note on Wednesday, January 21st. Roth Mkm reaffirmed a “buy” rating and issued a $175.00 price objective on shares of Vicor in a research note on Thursday, January 22nd. Zacks Research raised Vicor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Finally, Wall Street Zen lowered Vicor from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 23rd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $118.33.

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.