Vicor (NASDAQ:VICR) CFO James Schmidt Sells 754 Shares of Stock

Vicor Corporation (NASDAQ:VICRGet Free Report) CFO James Schmidt sold 754 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $330.00, for a total value of $248,820.00. Following the completion of the sale, the chief financial officer directly owned 754 shares of the company’s stock, valued at approximately $248,820. This represents a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Vicor Stock Performance

VICR stock opened at $322.28 on Thursday. The company has a market capitalization of $14.69 billion, a PE ratio of 107.79 and a beta of 2.36. Vicor Corporation has a one year low of $41.76 and a one year high of $369.40. The company’s 50 day moving average price is $284.76 and its two-hundred day moving average price is $198.75.

Vicor (NASDAQ:VICRGet Free Report) last announced its quarterly earnings data on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The company had revenue of $112.97 million during the quarter, compared to analysts’ expectations of $109.05 million. During the same quarter in the prior year, the company earned $0.06 EPS. The firm’s revenue was up 20.2% on a year-over-year basis. On average, research analysts predict that Vicor Corporation will post 2.94 EPS for the current year.

Analyst Ratings Changes

Several analysts have issued reports on VICR shares. Wall Street Zen lowered shares of Vicor from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Roth Mkm boosted their target price on Vicor from $285.00 to $375.00 and gave the company a “buy” rating in a research note on Monday. Needham & Company LLC increased their target price on Vicor to $400.00 and gave the company a “buy” rating in a report on Monday. Weiss Ratings restated a “hold (c+)” rating on shares of Vicor in a research report on Monday, June 1st. Finally, Craig Hallum lifted their price target on Vicor to $450.00 and gave the stock a “buy” rating in a research note on Monday. 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 company. According to MarketBeat.com, Vicor has an average rating of “Buy” and an average price target of $408.33.

Check Out Our Latest Research Report on VICR

Key Vicor News

Here are the key news stories impacting Vicor this week:

  • Neutral Sentiment: Vicor reported several insider sales over the past two days, including CEO Patrizio Vinciarelli selling 20,000 shares and CFO James F. Schmidt and Director Andrew D’Amico each selling shares as well. Insider sales can weigh on investor sentiment, though they do not necessarily signal a change in the company’s fundamentals. Article Title
  • Positive Sentiment: Recent analyst commentary remains constructive, with multiple firms raising price targets and maintaining buy ratings, and Vicor still carrying a consensus “Buy” rating. That suggests Wall Street continues to view the company’s growth and profitability prospects favorably. Article Title
  • Positive Sentiment: Vicor’s prior quarter showed strong fundamentals, with earnings and revenue both beating estimates and revenue up 20.2% year over year. Those results help explain why the stock has run up significantly before this latest pullback. Article Title
  • Negative Sentiment: The shares have also been volatile recently, including a notable one-day decline after a strong multi-month rally, which may be prompting profit-taking by investors. Article Title

Institutional Trading of Vicor

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings 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. The Manufacturers Life Insurance Company raised its holdings in Vicor by 39.6% in the 1st quarter. The Manufacturers Life Insurance Company now owns 603,364 shares of the electronics maker’s stock worth $97,142,000 after purchasing an additional 171,175 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Vicor by 4.6% in the 3rd 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. Arrowstreet Capital Limited Partnership lifted its position in shares of Vicor by 43.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 536,274 shares of the electronics maker’s stock worth $86,340,000 after purchasing an additional 162,186 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Vicor by 1,542.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 439,820 shares of the electronics maker’s stock worth $48,205,000 after purchasing an additional 413,038 shares during the period. Hedge funds and other institutional investors own 47.45% of the company’s stock.

Vicor Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Vicor (NASDAQ:VICR)

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