Vicor (NASDAQ:VICR) CFO James Schmidt Sells 331 Shares

Vicor Corporation (NASDAQ:VICRGet Free Report) CFO James Schmidt sold 331 shares of Vicor stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $334.90, for a total value of $110,851.90. Following the transaction, the chief financial officer directly owned 331 shares of the company’s stock, valued at approximately $110,851.90. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Vicor Stock Performance

VICR opened at $331.59 on Friday. The company has a market cap of $15.11 billion, a price-to-earnings ratio of 110.90 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 business’s fifty day moving average is $287.59 and its two-hundred day moving average is $200.40.

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

Trending Headlines about Vicor

Here are the key news stories impacting Vicor this week:

  • Positive Sentiment: Analysts remain constructive on Vicor, with Craig Hallum, Needham, and Roth Mkm all raising price targets and keeping buy ratings. The stock still carries a consensus Buy rating, which supports the recent strength in shares. Article Title
  • Positive Sentiment: Vicor’s last quarterly report showed solid execution, with EPS and revenue both beating expectations and revenue rising 20.2% year over year. That strong operating trend helps explain why the stock has been trading near its high end. Article Title
  • Neutral Sentiment: Short-interest data showed no material change, with reported short interest still at 0 shares. This appears to be a non-event for investors. Article Title

Institutional Investors Weigh In On Vicor

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Dynamic Technology Lab Private Ltd purchased a new position in shares of Vicor in the 3rd quarter valued at $352,000. Intech Investment Management LLC boosted its position in Vicor by 36.6% during the 3rd quarter. Intech Investment Management LLC now owns 29,786 shares of the electronics maker’s stock worth $1,481,000 after purchasing an additional 7,985 shares during the period. Range Financial Group LLC purchased a new stake in Vicor during the 4th quarter worth $1,537,000. Convergence Investment Partners LLC acquired a new stake in Vicor in the 4th quarter valued at $1,631,000. Finally, Chicago Capital LLC purchased a new position in Vicor in the fourth quarter valued at about $771,000. Hedge funds and other institutional investors own 47.45% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on VICR. Weiss Ratings reissued a “hold (c+)” rating on shares of Vicor in a report on Monday, June 1st. Roth Mkm increased their price objective on Vicor from $285.00 to $375.00 and gave the company a “buy” rating in a research note on Monday. Craig Hallum lifted their price objective on Vicor to $450.00 and gave the stock a “buy” rating in a research report on Monday. Wall Street Zen downgraded shares of Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Finally, Needham & Company LLC upped their target price on shares of Vicor to $400.00 and gave the company a “buy” rating in a report on Monday. 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.com, the stock has an average rating of “Buy” and a consensus price target of $408.33.

View Our Latest Stock Analysis on VICR

About Vicor

(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.

Further Reading

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

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