Traders Buy High Volume of Call Options on Vicor (NASDAQ:VICR)

Vicor Corporation (NASDAQ:VICR) was the target of some unusual options trading on Monday. Investors purchased 2,368 call options on the stock. This is an increase of approximately 94% compared to the average volume of 1,222 call options.

Insider Buying and Selling at Vicor

In other Vicor news, Director Andrew D’amico sold 7,512 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $252.89, for a total transaction of $1,899,709.68. Following the sale, the director owned 4,596 shares of the company’s stock, valued at approximately $1,162,282.44. This trade represents a 62.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Nancy L. Grava sold 5,412 shares of the stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $265.00, for a total value of $1,434,180.00. Following the sale, the vice president directly owned 508 shares in the company, valued at $134,620. This trade represents a 91.42% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 716,070 shares of company stock worth $135,619,356. 31.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Vicor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VICR. Royal Bank of Canada raised its stake in Vicor by 6.0% in the 1st quarter. Royal Bank of Canada now owns 15,167 shares of the electronics maker’s stock worth $709,000 after acquiring an additional 857 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Vicor by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,537 shares of the electronics maker’s stock worth $633,000 after acquiring an additional 563 shares during the last quarter. Millennium Management LLC raised its stake in 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 acquiring an additional 259,022 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Vicor by 38.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 41,541 shares of the electronics maker’s stock worth $1,943,000 after acquiring an additional 11,525 shares during the last quarter. Finally, Acadian Asset Management LLC raised its stake in Vicor by 56.1% in the 1st quarter. Acadian Asset Management LLC now owns 8,860 shares of the electronics maker’s stock worth $413,000 after acquiring an additional 3,184 shares during the last quarter. Hedge funds and other institutional investors own 47.45% of the company’s stock.

Vicor Trading Up 18.7%

Shares of VICR traded up $47.90 during midday trading on Monday, hitting $304.37. 792,288 shares of the company’s stock traded hands, compared to its average volume of 807,945. Vicor has a 1 year low of $40.54 and a 1 year high of $309.60. The firm’s fifty day moving average is $199.16 and its 200-day moving average is $147.20. The stock has a market capitalization of $13.81 billion, a price-to-earnings ratio of 101.98 and a beta of 2.33.

Vicor (NASDAQ:VICR) last issued 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 return on equity of 20.21% and a net margin of 28.98%.The firm had revenue of $112.97 million during the quarter, compared to analyst estimates of $109.05 million. During the same quarter in the prior year, the business posted $0.06 EPS. The business’s revenue for the quarter was up 20.2% compared to the same quarter last year. On average, equities research analysts anticipate that Vicor will post 2.71 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on VICR. Wall Street Zen cut Vicor from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Roth Mkm reiterated a “buy” rating and set a $245.00 price objective on shares of Vicor in a report on Monday, April 20th. Zacks Research upgraded Vicor from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Vicor in a report on Wednesday, January 21st. Finally, Needham & Company LLC increased their price objective on Vicor from $180.00 to $260.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average target price 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.