Vicor (NASDAQ:VICR) Trading Down 7.4% Following Insider Selling

Vicor Corporation (NASDAQ:VICR)’s share price fell 7.4% during trading on Thursday following insider selling activity. The company traded as low as $170.56 and last traded at $172.3270. 172,676 shares traded hands during trading, a decline of 78% from the average session volume of 784,565 shares. The stock had previously closed at $186.00.

Specifically, CEO Patrizio Vinciarelli sold 23,179 shares of the business’s stock in a transaction that occurred on Tuesday, March 24th. The stock was sold at an average price of $179.93, for a total transaction of $4,170,597.47. Following the transaction, the chief executive officer owned 9,034,984 shares of the company’s stock, valued at $1,625,664,671.12. The trade was a 0.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Patrizio Vinciarelli sold 44,076 shares of the stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $179.88, for a total value of $7,928,390.88. Following the completion of the sale, the chief executive officer directly owned 9,064,087 shares of the company’s stock, valued at approximately $1,630,447,969.56. The trade was a 0.48% decrease in their position. The SEC filing for this sale provides additional information.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on VICR. Roth Mkm restated a “buy” rating and set a $175.00 target price on shares of Vicor in a report on Thursday, January 22nd. Zacks Research upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. 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 given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $118.33.

Vicor Trading Down 15.1%

The company has a market capitalization of $7.17 billion, a P/E ratio of 60.52 and a beta of 1.84. The company has a 50 day moving average price of $171.10 and a 200 day moving average price of $114.95.

Vicor (NASDAQ:VICR) last announced its quarterly earnings results on Thursday, February 19th. The electronics maker reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.63. The business had revenue of $362.70 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the firm posted $0.23 EPS.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of VICR. Federated Hermes Inc. bought a new stake in shares of Vicor during the fourth quarter worth approximately $27,000. Nisa Investment Advisors LLC increased its stake in shares of 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 shares of Vicor during the fourth quarter worth approximately $32,000. Allworth Financial LP lifted its holdings in Vicor by 960.0% during the 4th quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock worth $35,000 after purchasing an additional 288 shares during the last quarter. Finally, NBC Securities Inc. acquired a new stake in Vicor during the 4th quarter worth approximately $36,000. 47.45% of the stock is 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.