Insider Selling: Vicor (NASDAQ:VICR) Director Sells 38,587 Shares of Stock

Vicor Corporation (NASDAQ:VICR) Director Estia Eichten sold 38,587 shares of Vicor stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $168.27, for a total transaction of $6,493,034.49. Following the sale, the director directly owned 190,838 shares of the company’s stock, valued at approximately $32,112,310.26. This trade represents a 16.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Vicor Trading Up 2.8%

NASDAQ:VICR traded up $4.76 during trading hours on Friday, hitting $172.57. The company’s stock had a trading volume of 633,888 shares, compared to its average volume of 824,903. The stock has a market capitalization of $7.71 billion, a P/E ratio of 66.12 and a beta of 1.84. The stock has a fifty day moving average of $163.76 and a 200-day moving average of $106.87. Vicor Corporation has a 52-week low of $38.92 and a 52-week high of $209.53.

Vicor (NASDAQ:VICR) last announced its quarterly earnings results on Thursday, February 19th. The electronics maker reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.63. The company 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%.Vicor’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.23 EPS.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Wall Street Zen downgraded Vicor from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 23rd. Roth Mkm reissued a “buy” rating and set a $175.00 price objective on shares of Vicor in a report on Thursday, January 22nd. Zacks Research upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vicor in a research report on Wednesday, January 21st. One 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’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $118.33.

Institutional Trading of Vicor

Large investors have recently made changes to their positions in the company. Corient Private Wealth LLC lifted its stake in Vicor by 3.9% in the fourth quarter. Corient Private Wealth LLC now owns 4,861 shares of the electronics maker’s stock valued at $533,000 after buying an additional 184 shares during the last quarter. Bayban purchased a new position in shares of Vicor during the fourth quarter worth approximately $778,000. Pacer Advisors Inc. grew its position in shares of Vicor by 240.4% during the fourth quarter. Pacer Advisors Inc. now owns 5,681 shares of the electronics maker’s stock worth $623,000 after acquiring an additional 4,012 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Vicor by 125.8% in the 4th quarter. Invesco Ltd. now owns 148,659 shares of the electronics maker’s stock valued at $16,293,000 after acquiring an additional 82,831 shares during the period. Finally, State of Tennessee Department of Treasury increased its holdings in shares of Vicor by 10.5% in the 4th quarter. State of Tennessee Department of Treasury now owns 14,615 shares of the electronics maker’s stock valued at $1,602,000 after acquiring an additional 1,388 shares during the period. 47.45% of the stock is owned by institutional investors and hedge funds.

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.