Insider Selling: Vicor (NASDAQ:VICR) VP Sells 3,072 Shares of Stock

Vicor Corporation (NASDAQ:VICR) VP Philip Davies sold 3,072 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $321.69, for a total transaction of $988,231.68. Following the completion of the sale, the vice president owned 1,920 shares of the company’s stock, valued at $617,644.80. This trade represents a 61.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Vicor Stock Down 1.1%

Shares of VICR stock traded down $3.61 during trading hours on Tuesday, hitting $331.24. 620,809 shares of the company’s stock traded hands, compared to its average volume of 885,352. The stock’s fifty day simple moving average is $234.94 and its two-hundred day simple moving average is $171.83. Vicor Corporation has a 12-month low of $41.76 and a 12-month high of $361.89. The stock has a market cap of $15.10 billion, a price-to-earnings ratio of 110.65 and a beta of 2.36.

Vicor (NASDAQ:VICR) last released its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share (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 firm had revenue of $112.97 million during the quarter, compared to analyst estimates of $109.05 million. During the same period last year, the business earned $0.06 earnings per share. The business’s revenue was up 20.2% on a year-over-year basis. On average, equities analysts forecast that Vicor Corporation will post 2.71 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. 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 set a $245.00 target price on shares of Vicor in a report on Monday, April 20th. Needham & Company LLC lifted their target price on shares of Vicor from $260.00 to $350.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. 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 given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Vicor presently has an average rating of “Buy” and an average price target of $228.33.

Institutional Investors Weigh In On Vicor

Institutional investors and hedge funds have recently made changes to their positions in the company. Federated Hermes Inc. purchased a new position in shares of Vicor during the 4th quarter worth $27,000. Blue Trust Inc. increased its stake in shares of Vicor by 1,814.3% in the 1st quarter. Blue Trust Inc. now owns 268 shares of the electronics maker’s stock worth $43,000 after purchasing an additional 254 shares in the last quarter. ROSS JOHNSON & Associates LLC increased its stake in shares of Vicor by 13,750.0% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 277 shares of the electronics maker’s stock worth $45,000 after purchasing an additional 275 shares in the last quarter. Harbour Investments Inc. purchased a new stake in shares of Vicor in the 4th quarter worth $32,000. Finally, Meeder Asset Management Inc. increased its stake in shares of Vicor by 189.4% in the 1st quarter. Meeder Asset Management Inc. now owns 301 shares of the electronics maker’s stock worth $48,000 after purchasing an additional 197 shares in the last quarter. Institutional investors own 47.45% of the company’s stock.

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.