Vicor (NASDAQ:VICR) Insider Sells $428,911.51 in Stock

Vicor Corporation (NASDAQ:VICR) insider Michael Mcnamara sold 4,237 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $101.23, for a total transaction of $428,911.51. Following the completion of the transaction, the insider owned 18,138 shares in the company, valued at approximately $1,836,109.74. The trade was a 18.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Vicor Stock Down 3.1%

Vicor stock traded down $3.17 during trading hours on Friday, reaching $97.80. 494,732 shares of the company’s stock were exchanged, compared to its average volume of 333,799. The firm’s 50 day simple moving average is $81.41 and its 200 day simple moving average is $59.32. Vicor Corporation has a twelve month low of $38.92 and a twelve month high of $102.19. The firm has a market capitalization of $4.37 billion, a PE ratio of 53.44 and a beta of 1.94.

Vicor (NASDAQ:VICR) last announced its quarterly earnings data on Tuesday, October 21st. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.43. Vicor had a return on equity of 13.77% and a net margin of 18.63%.The company had revenue of $110.42 million for the quarter, compared to the consensus estimate of $95.40 million. During the same period in the previous year, the business earned $0.26 EPS. The firm’s revenue was up 18.5% compared to the same quarter last year.

Wall Street Analysts Forecast Growth

VICR has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vicor in a research report on Wednesday, October 8th. Needham & Company LLC set a $90.00 target price on shares of Vicor and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Craig Hallum upgraded shares of Vicor from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a report on Wednesday, October 22nd. Finally, Wall Street Zen lowered shares of Vicor from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 23rd. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $90.00.

Institutional Trading of Vicor

Several hedge funds have recently bought and sold shares of VICR. JPMorgan Chase & Co. raised its holdings in Vicor by 15.6% during the first quarter. JPMorgan Chase & Co. now owns 4,446,226 shares of the electronics maker’s stock worth $207,994,000 after buying an additional 598,896 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Vicor by 4.6% during the third quarter. Dimensional Fund Advisors LP now owns 578,515 shares of the electronics maker’s stock worth $28,759,000 after acquiring an additional 25,393 shares in the last quarter. AWM Investment Company Inc. increased its position in shares of Vicor by 5.7% during the first quarter. AWM Investment Company Inc. now owns 372,210 shares of the electronics maker’s stock worth $17,412,000 after acquiring an additional 20,195 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings 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 acquiring an additional 254,630 shares during the last quarter. Finally, Millennium Management LLC lifted its position in Vicor by 4,634.5% in the 1st quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock valued at $12,379,000 after acquiring an additional 259,022 shares in the last quarter. Institutional investors and hedge funds own 47.45% of the company’s stock.

About Vicor

Vicor Corporation, together with its subsidiaries, designs, develops, manufactures, and markets modular power components and power systems for converting electrical power in the United States, Europe, the Asia Pacific, and internationally. The company offers a range of brick-format DC-DC converters; complementary components provide AC line rectification, input filtering, power factor correction, and transient protection; and input and output voltage, and output power products, as well as electrical and mechanical accessories.