Andrew D’amico Sells 1,200 Shares of Vicor (NASDAQ:VICR) Stock

Vicor Corporation (NASDAQ:VICR) Director Andrew D’amico sold 1,200 shares of the stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $312.31, for a total transaction of $374,772.00. Following the sale, the director directly owned 1,200 shares in the company, valued at $374,772. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Andrew D’amico also recently made the following trade(s):

• On Thursday, May 14th, Andrew D’amico sold 800 shares of Vicor stock. The shares were sold at an average price of $315.35, for a total transaction of $252,280.00.
• On Tuesday, May 12th, Andrew D’amico sold 565 shares of Vicor stock. The shares were sold at an average price of $303.03, for a total transaction of $171,211.95.
• On Monday, May 4th, Andrew D’amico sold 7,512 shares of Vicor stock. The shares were sold at an average price of $252.89, for a total transaction of $1,899,709.68.
• On Monday, April 27th, Andrew D’amico sold 800 shares of Vicor stock. The shares were sold at an average price of $277.00, for a total transaction of $221,600.00.

Vicor Stock Performance

Shares of VICR stock opened at $273.67 on Friday. Vicor Corporation has a one year low of $40.54 and a one year high of $316.82. The company’s 50-day moving average is $209.50 and its 200 day moving average is $155.56. The company has a market capitalization of $12.47 billion, a price-to-earnings ratio of 91.53 and a beta of 2.33.

Vicor (NASDAQ:VICR) last announced its quarterly earnings data on Tuesday, April 21st. The electronics maker reported $0.44 EPS for the quarter, beating the consensus estimate of $0.40 by $0.04. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The company had revenue of $112.97 million for the quarter, compared to the consensus estimate of $109.05 million. During the same period in the prior year, the firm posted $0.06 EPS. Vicor’s revenue for the quarter was up 20.2% on a year-over-year basis. As a group, research analysts predict that Vicor Corporation will post 2.71 earnings per share for the current fiscal year.

Institutional Trading of Vicor

A number of institutional investors have recently made changes to their positions in VICR. The Manufacturers Life Insurance Company boosted its holdings in shares of Vicor by 3,918.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 432,189 shares of the electronics maker’s stock valued at $47,368,000 after acquiring an additional 421,435 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake 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 purchasing an additional 413,038 shares during the period. Millennium Management LLC lifted its stake in shares of Vicor by 4,634.5% in the 1st quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock worth $12,379,000 after purchasing an additional 259,022 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of Vicor by 1,921.4% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 267,882 shares of the electronics maker’s stock worth $13,319,000 after purchasing an additional 254,630 shares during the period. Finally, CIBC Bancorp USA Inc. bought a new position in shares of Vicor in the 3rd quarter worth approximately $12,625,000. Hedge funds and other institutional investors own 47.45% of the company’s stock.

More Vicor News

Here are the key news stories impacting Vicor this week:

• Positive Sentiment: Vicor’s recent earnings report was strong, with EPS of $0.44 beating estimates and revenue of $112.97 million topping forecasts, while revenue grew 20.2% year over year. That kind of results-driven strength has helped support investor enthusiasm for the stock. Jim Cramer on Vicor: “If You Don’t Own It, Please Be Patient”
• Positive Sentiment: Analysts have remained generally constructive, with recent price-target increases and multiple Buy/Strong Buy ratings suggesting expectations for continued growth in Vicor’s power-systems business.
• Neutral Sentiment: Vicor remains a popular stock with institutional investors, and hedge-fund ownership has been expanding, which can help reinforce confidence in the long-term story.
• Negative Sentiment: Multiple recent insider sales by Director Andrew D’Amico, including several transactions over the past few days, may be weighing on shares because investors often view heavy insider selling as a caution signal. Andrew D’amico insider trades

Analysts Set New Price Targets

A number of analysts have recently issued reports on VICR shares. Needham & Company LLC raised their price target on shares of Vicor from $180.00 to $260.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Wall Street Zen downgraded shares of Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vicor in a report on Wednesday, January 21st. Roth Mkm reaffirmed a “buy” rating and set a $245.00 price target on shares of Vicor in a report on Monday, April 20th. Finally, Zacks Research raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. One equities research 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 company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $198.33.

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.