Vicor (NASDAQ:VICR) Shares Down 9.7% on Insider Selling

Vicor Corporation (NASDAQ:VICR) fell 9.7% during trading on Thursday following insider selling activity. The stock traded as low as $183.46 and last traded at $183.54. 455,065 shares changed hands during mid-day trading, a decline of 36% from the average session volume of 708,004 shares. The stock had previously closed at $203.18.

Specifically, Director Zheng John Shen sold 1,217 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $205.75, for a total transaction of $250,397.75. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Quentin A. Fendelet sold 2,299 shares of the company’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $204.72, for a total transaction of $470,651.28. The disclosure for this sale is available in the SEC filing. In other Vicor news, VP Sean Crilly sold 6,000 shares of the firm’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $197.73, for a total value of $1,186,380.00. Following the completion of the sale, the vice president owned 9,729 shares of the company’s stock, valued at approximately $1,923,715.17. This trade represents a 38.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Analyst Upgrades and Downgrades

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

Vicor Stock Down 11.9%

The business’s 50 day moving average is $155.18 and its two-hundred day moving average is $101.19. The firm has a market capitalization of $8.00 billion, a P/E ratio of 68.61 and a beta of 1.84.

Vicor (NASDAQ:VICR) last issued its 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. Vicor had a return on equity of 18.73% and a net margin of 26.19%.The firm had revenue of $362.70 million for the quarter, compared to the consensus estimate of $107.78 million. During the same quarter in the previous year, the company posted $0.23 earnings per share. The business’s quarterly revenue was up 11.5% compared to the same quarter last year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Federated Hermes Inc. acquired a new stake in Vicor in the fourth quarter worth $27,000. Harbour Investments Inc. acquired a new stake in Vicor in the 4th quarter valued at $32,000. Allworth Financial LP raised its holdings in Vicor by 960.0% during the fourth quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock worth $35,000 after acquiring an additional 288 shares in the last quarter. SBI Securities Co. Ltd. grew its stake in shares of Vicor by 32,400.0% in the fourth quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker’s stock valued at $36,000 after buying an additional 324 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in Vicor in the 4th quarter valued at $36,000. 47.45% of the stock is owned by institutional investors and hedge funds.

Vicor Company Profile

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.