Vicor (NASDAQ:VICR) Stock Price Down 7.7% Following Insider Selling

Vicor Corporation (NASDAQ:VICR)’s stock price was down 7.7% during trading on Thursday following insider selling activity. The company traded as low as $163.23 and last traded at $165.0670. Approximately 207,026 shares changed hands during trading, a decline of 71% from the average daily volume of 721,989 shares. The stock had previously closed at $178.83.

Specifically, CFO James F. Schmidt sold 15,500 shares of Vicor stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $177.19, for a total value of $2,746,445.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO James F. Schmidt sold 875 shares of the business’s stock in a transaction on Thursday, October 23rd. The shares were sold at an average price of $91.92, for a total transaction of $80,430.00. The SEC filing for this sale provides additional information. In related news, CEO Patrizio Vinciarelli sold 50,000 shares of the stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $177.25, for a total value of $8,862,500.00. Following the transaction, the chief executive officer directly owned 9,508,163 shares of the company’s stock, valued at approximately $1,685,321,891.75. This trade represents a 0.52% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on VICR shares. Wall Street Zen downgraded Vicor from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 23rd. Zacks Research raised Vicor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Roth Mkm reiterated a “buy” rating and set a $175.00 target price on shares of Vicor in a report on Thursday, January 22nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Vicor in a research report on Wednesday, January 21st. One research 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 company presently has an average rating of “Buy” and an average target price of $118.33.

Vicor Stock Performance

The firm has a fifty day moving average of $162.65 and a 200-day moving average of $106.03. The stock has a market capitalization of $7.49 billion, a price-to-earnings ratio of 64.30 and a beta of 1.84.

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

Hedge Funds Weigh In On Vicor

Several hedge funds and other institutional investors have recently bought and sold shares of VICR. Vanguard Group Inc. grew its position in Vicor by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 2,534,534 shares of the electronics maker’s stock valued at $277,785,000 after acquiring an additional 60,963 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Vicor by 4.6% during the third quarter. Dimensional Fund Advisors LP now owns 578,515 shares of the electronics maker’s stock worth $28,759,000 after purchasing an additional 25,393 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Vicor by 1,542.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 439,820 shares of the electronics maker’s stock valued at $48,205,000 after purchasing an additional 413,038 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Vicor by 3,918.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 432,189 shares of the electronics maker’s stock valued at $47,368,000 after purchasing an additional 421,435 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Vicor by 39.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 374,088 shares of the electronics maker’s stock valued at $41,000,000 after purchasing an additional 106,206 shares in the last quarter. 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.