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

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

Vicor Trading Down 3.1%

Shares of VICR opened at $97.80 on Monday. The stock’s 50-day moving average price is $82.39 and its two-hundred day moving average price is $59.95. Vicor Corporation has a 12 month low of $38.92 and a 12 month high of $102.19. The company has a market capitalization of $4.37 billion, a PE ratio of 53.44 and a beta of 1.94.

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

Wall Street Analysts Forecast Growth

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

Institutional Trading of Vicor

Several institutional investors and hedge funds have recently modified their holdings of VICR. PNC Financial Services Group Inc. grew its position in Vicor by 13.7% in the third quarter. PNC Financial Services Group Inc. now owns 1,129 shares of the electronics maker’s stock worth $56,000 after acquiring an additional 136 shares in the last quarter. Nisa Investment Advisors LLC raised its position in Vicor by 53.4% during the third quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker’s stock valued at $30,000 after purchasing an additional 210 shares in the last quarter. Amalgamated Bank lifted its stake in Vicor by 3.4% during the third quarter. Amalgamated Bank now owns 6,782 shares of the electronics maker’s stock worth $337,000 after purchasing an additional 224 shares during the last quarter. Creative Planning boosted its holdings in shares of Vicor by 5.4% in the 3rd quarter. Creative Planning now owns 5,465 shares of the electronics maker’s stock worth $272,000 after purchasing an additional 281 shares in the last quarter. Finally, Illinois Municipal Retirement Fund boosted its holdings in shares of Vicor by 3.3% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 12,323 shares of the electronics maker’s stock worth $613,000 after purchasing an additional 394 shares in the last quarter. 47.45% of the stock is owned by hedge funds and other institutional investors.

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.