Vicor Target of Unusually High Options Trading (NASDAQ:VICR)

Vicor Corporation (NASDAQ:VICR) saw unusually large options trading on Monday. Stock traders bought 2,003 call options on the company. This is an increase of approximately 128% compared to the average volume of 878 call options.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on VICR shares. Zacks Research raised shares of Vicor to a “hold” rating in a research note on Tuesday, December 16th. Roth Mkm reiterated a “buy” rating and set a $175.00 price objective on shares of Vicor in a report on Thursday, January 22nd. Wall Street Zen lowered Vicor from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 23rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vicor in a research report on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $118.33.

Insider Activity

In related news, CEO Patrizio Vinciarelli sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $103.02, for a total value of $2,060,400.00. Following the completion of the transaction, the chief executive officer directly owned 9,808,363 shares in the company, valued at approximately $1,010,457,556.26. The trade was a 0.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO James F. Schmidt sold 5,000 shares of Vicor stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $110.00, for a total transaction of $550,000.00. Following the completion of the transaction, the chief financial officer directly owned 875 shares in the company, valued at approximately $96,250. The trade was a 85.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 126,735 shares of company stock worth $13,607,975 in the last 90 days. Corporate insiders own 31.30% of the company’s stock.

Institutional Trading of Vicor

A number of large investors have recently added to or reduced their stakes in the company. Federated Hermes Inc. acquired a new position in shares of Vicor during the 4th quarter worth about $27,000. Nisa Investment Advisors LLC increased 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 worth $30,000 after buying an additional 210 shares during the last quarter. Harbour Investments Inc. acquired a new position in Vicor during the fourth quarter worth approximately $32,000. Allworth Financial LP raised its stake in Vicor by 960.0% in the fourth quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock valued at $35,000 after buying an additional 288 shares during the period. Finally, NBC Securities Inc. acquired a new stake in shares of Vicor in the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 47.45% of the company’s stock.

Vicor Stock Performance

VICR opened at $171.80 on Tuesday. The business’s 50-day simple moving average is $141.43 and its 200 day simple moving average is $93.99. Vicor has a 52-week low of $38.92 and a 52-week high of $186.28. The firm has a market capitalization of $7.67 billion, a PE ratio of 65.82 and a beta of 1.90.

Vicor (NASDAQ:VICR) last posted its quarterly earnings results on Thursday, February 19th. The electronics maker reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.63. Vicor had a return on equity of 18.73% and a net margin of 26.19%.The firm had revenue of $107.26 million for the quarter, compared to analyst estimates of $107.78 million. During the same quarter in the previous year, the firm earned $0.23 EPS. The business’s quarterly revenue was up 11.5% on a year-over-year basis.

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.