Vicor (NASDAQ:VICR) CFO Sells $248,820.00 in Stock

Vicor Corporation (NASDAQ:VICR) CFO James Schmidt sold 754 shares of Vicor stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $330.00, for a total transaction of $248,820.00. Following the completion of the transaction, the chief financial officer directly owned 754 shares of the company’s stock, valued at $248,820. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Vicor Stock Down 1.4%

Shares of NASDAQ:VICR opened at $326.93 on Friday. The company has a market cap of $14.90 billion, a PE ratio of 109.34 and a beta of 2.36. Vicor Corporation has a fifty-two week low of $41.76 and a fifty-two week high of $369.40. The firm has a 50-day simple moving average of $290.25 and a 200 day simple moving average of $201.28.

Vicor (NASDAQ:VICR) last issued its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, topping 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%. Vicor’s revenue was up 20.2% on a year-over-year basis. During the same quarter last year, the company posted $0.06 earnings per share. As a group, research analysts forecast that Vicor Corporation will post 2.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on VICR shares. Roth Mkm boosted their price objective on Vicor from $285.00 to $375.00 and gave the company a “buy” rating in a research report on Monday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Vicor in a research report on Monday, June 1st. Needham & Company LLC boosted their price target on shares of Vicor to $400.00 and gave the company a “buy” rating in a report on Monday, June 22nd. Craig Hallum boosted their price target on shares of Vicor to $450.00 and gave the company a “buy” rating in a report on Monday, June 22nd. Finally, Wall Street Zen lowered shares of Vicor from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Vicor has a consensus rating of “Buy” and a consensus target price of $408.33.

Hedge Funds Weigh In On Vicor

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sapient Capital LLC increased its position in Vicor by 54.6% in the 1st quarter. Sapient Capital LLC now owns 2,830 shares of the electronics maker’s stock valued at $456,000 after acquiring an additional 1,000 shares during the period. Empowered Funds LLC boosted its position in Vicor by 6,794.9% during the 1st quarter. Empowered Funds LLC now owns 51,091 shares of the electronics maker’s stock worth $8,226,000 after acquiring an additional 50,350 shares during the period. Parallel Advisors LLC grew its stake in shares of Vicor by 167.8% in the first 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 grew its stake in shares of Vicor by 1,493.1% in the first 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 first quarter valued at $209,000. 47.45% of the stock is owned by institutional investors.

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.