Insider Selling: Vicor (NASDAQ:VICR) CFO Sells $550,000.00 in Stock

Vicor Corporation (NASDAQ:VICR) CFO James Schmidt sold 5,000 shares of the business’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $110.00, for a total transaction of $550,000.00. Following the completion of the sale, the chief financial officer directly owned 875 shares of the company’s stock, valued at $96,250. This represents a 85.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Vicor Trading Down 1.0%

Shares of NASDAQ:VICR opened at $107.84 on Friday. Vicor Corporation has a 12-month low of $38.92 and a 12-month high of $112.31. The stock’s 50-day moving average price is $91.39 and its 200-day moving average price is $63.40. The stock has a market capitalization of $4.81 billion, a P/E ratio of 58.93 and a beta of 1.94.

Vicor (NASDAQ:VICR) last issued its 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%.Vicor’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.26 EPS.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Wall Street Zen cut shares of Vicor from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 23rd. Needham & Company LLC set a $90.00 price objective on shares of Vicor and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Zacks Research upgraded shares of Vicor to a “hold” rating in a report on Tuesday, December 16th. Weiss Ratings restated a “hold (c)” rating on shares of Vicor in a report on Wednesday, October 8th. Finally, Craig Hallum raised Vicor from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a research report on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $98.33.

Institutional Trading of Vicor

Institutional investors and hedge funds have recently bought and sold shares of the stock. Nisa Investment Advisors LLC grew its holdings in shares of Vicor by 53.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker’s stock worth $30,000 after acquiring an additional 210 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Vicor by 13.7% during the third quarter. PNC Financial Services Group Inc. now owns 1,129 shares of the electronics maker’s stock valued at $56,000 after purchasing an additional 136 shares in the last quarter. Strs Ohio purchased a new stake in Vicor in the first quarter worth $56,000. iSAM Funds UK Ltd purchased a new stake in Vicor in the third quarter worth $79,000. Finally, Tower Research Capital LLC TRC raised its holdings in Vicor by 993.1% in the second quarter. Tower Research Capital LLC TRC now owns 3,782 shares of the electronics maker’s stock worth $172,000 after purchasing an additional 3,436 shares in the last quarter. 47.45% of the stock is currently owned by hedge funds and other institutional investors.

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.