Vicor (NASDAQ:VICR) Shares Down 9.7% Following Insider Selling

Shares of Vicor Corporation (NASDAQ:VICR) fell 9.7% during trading on Thursday after an insider sold shares in the company. The company traded as low as $183.46 and last traded at $183.54. 455,065 shares changed hands during mid-day trading, a decline of 36% from the average session volume of 708,004 shares. The stock had previously closed at $203.18.

Specifically, Director Zheng John Shen sold 1,217 shares of Vicor stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $205.75, for a total value of $250,397.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Quentin A. Fendelet sold 2,299 shares of the stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $204.72, for a total transaction of $470,651.28. The SEC filing for this sale provides additional information. In other news, VP Sean Crilly sold 6,000 shares of the company’s stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $197.73, for a total value of $1,186,380.00. Following the sale, the vice president owned 9,729 shares in the company, valued at approximately $1,923,715.17. This represents a 38.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Zacks Research raised Vicor from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. Wall Street Zen lowered Vicor from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vicor in a report on Wednesday, January 21st. Finally, Roth Mkm reiterated a “buy” rating and set a $175.00 target price on shares of Vicor in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $118.33.

Vicor Trading Down 10.5%

The firm has a market cap of $8.12 billion, a price-to-earnings ratio of 69.70 and a beta of 1.84. The stock has a 50-day moving average of $156.66 and a 200-day moving average of $101.75.

Vicor (NASDAQ:VICR) last issued its 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 $362.70 million for the quarter, compared to analyst estimates of $107.78 million. During the same period last year, the company earned $0.23 earnings per share. The firm’s revenue for the quarter was up 11.5% on a year-over-year basis.

Institutional Trading of Vicor

Several hedge funds have recently bought and sold shares of the company. Royal Bank of Canada grew its position 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 purchasing an additional 857 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Vicor by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,537 shares of the electronics maker’s stock valued at $633,000 after buying an additional 563 shares during the last quarter. Millennium Management LLC boosted its position in shares of Vicor by 4,634.5% during the first quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock worth $12,379,000 after buying an additional 259,022 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings 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 buying an additional 11,525 shares in the last quarter. Finally, Acadian Asset Management LLC grew its holdings 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 buying an additional 3,184 shares in the last quarter. 47.45% of the stock is currently owned by institutional investors.

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.