Vicor (NASDAQ:VICR) Insider Sells $1,363,562.18 in Stock

Vicor Corporation (NASDAQ:VICR) insider Michael Mcnamara sold 7,174 shares of the company’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $190.07, for a total transaction of $1,363,562.18. Following the completion of the transaction, the insider directly owned 18,138 shares of the company’s stock, valued at approximately $3,447,489.66. The trade was a 28.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Vicor Trading Down 13.5%

VICR stock opened at $164.54 on Friday. The stock has a market cap of $7.35 billion, a PE ratio of 63.04 and a beta of 1.84. The stock has a 50-day moving average price of $168.52 and a two-hundred day moving average price of $111.53. Vicor Corporation has a 1 year low of $38.92 and a 1 year high of $209.53.

Vicor (NASDAQ:VICR) last issued its quarterly earnings results on Thursday, February 19th. The electronics maker reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.63. The company had revenue of $362.70 million for the quarter, compared to analyst estimates of $107.78 million. Vicor had a return on equity of 18.73% and a net margin of 26.19%.The company’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.23 earnings per share.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Federated Hermes Inc. bought a new stake in Vicor in the 4th quarter valued at $27,000. Nisa Investment Advisors LLC boosted 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 purchasing an additional 210 shares during the period. Harbour Investments Inc. bought a new position in Vicor during the fourth quarter worth $32,000. Allworth Financial LP increased its holdings in shares of 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 purchasing an additional 288 shares during the last quarter. Finally, NBC Securities Inc. acquired a new position in shares of Vicor in the fourth quarter valued at $36,000. 47.45% of the stock is owned by institutional investors and hedge funds.

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.