Insider Selling: Vicor (NASDAQ:VICR) CAO Sells 5,060 Shares of Stock

Vicor Corporation (NASDAQ:VICR) CAO Quentin Fendelet sold 5,060 shares of Vicor stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $277.07, for a total transaction of $1,401,974.20. Following the transaction, the chief accounting officer owned 2,434 shares in the company, valued at $674,388.38. The trade was a 67.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Vicor Stock Performance

Shares of NASDAQ:VICR traded down $6.77 during midday trading on Friday, hitting $254.57. 517,503 shares of the company’s stock traded hands, compared to its average volume of 808,152. The company has a market cap of $11.55 billion, a PE ratio of 85.23 and a beta of 2.33. The firm’s fifty day moving average price is $199.16 and its two-hundred day moving average price is $147.20. Vicor Corporation has a twelve month low of $40.54 and a twelve month high of $293.95.

Vicor (NASDAQ:VICR) last posted its 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. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The business had revenue of $112.97 million for the quarter, compared to analyst estimates of $109.05 million. During the same quarter in the previous year, the business posted $0.06 EPS. The business’s quarterly revenue was up 20.2% on a year-over-year basis. As a group, equities research analysts anticipate that Vicor Corporation will post 2.71 EPS for the current fiscal year.

Institutional Investors Weigh In On Vicor

Institutional investors have recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Vicor in the 3rd quarter valued at about $352,000. Summit Global Investments acquired a new stake in shares of Vicor in the 3rd quarter valued at about $1,050,000. Colrain Capital LLC raised its stake in shares of Vicor by 10.4% in the 3rd quarter. Colrain Capital LLC now owns 254,140 shares of the electronics maker’s stock valued at $12,636,000 after purchasing an additional 23,940 shares in the last quarter. Public Sector Pension Investment Board grew its position in shares of Vicor by 13.4% during the 3rd quarter. Public Sector Pension Investment Board now owns 89,312 shares of the electronics maker’s stock valued at $4,441,000 after buying an additional 10,532 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Vicor during the 3rd quarter valued at about $448,000. Institutional investors and hedge funds own 47.45% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Needham & Company LLC boosted their price objective on shares of Vicor from $180.00 to $260.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Wall Street Zen lowered shares of Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Roth Mkm reiterated a “buy” rating and issued a $245.00 price objective on shares of Vicor in a report on Monday, April 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Vicor in a report on Wednesday, January 21st. Finally, Zacks Research upgraded 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 issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $198.33.

About Vicor

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.