James Schmidt Sells 875 Shares of Vicor (NASDAQ:VICR) Stock

Vicor Corporation (NASDAQ:VICR) CFO James Schmidt sold 875 shares of the company’s stock in a transaction dated Thursday, October 23rd. The stock was sold at an average price of $91.92, for a total transaction of $80,430.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Vicor Stock Up 1.7%

Shares of VICR stock traded up $3.03 during mid-day trading on Wednesday, hitting $178.83. 538,966 shares of the stock were exchanged, compared to its average volume of 731,405. Vicor Corporation has a 52-week low of $38.92 and a 52-week high of $209.53. The company has a market cap of $7.99 billion, a PE ratio of 68.52 and a beta of 1.84. The firm has a fifty day moving average of $160.10 and a 200 day moving average of $105.08.

Vicor (NASDAQ:VICR) last announced its quarterly earnings results on Thursday, February 19th. The electronics maker reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.63. The firm had revenue of $362.70 million during the quarter, compared to analyst estimates of $107.78 million. Vicor had a return on equity of 18.73% and a net margin of 26.19%.Vicor’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.23 EPS.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in VICR. The Manufacturers Life Insurance Company grew its holdings in shares of Vicor by 3,918.9% during the fourth quarter. The Manufacturers Life Insurance Company now owns 432,189 shares of the electronics maker’s stock worth $47,368,000 after buying an additional 421,435 shares in the last quarter. Price T Rowe Associates Inc. MD lifted 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 worth $48,205,000 after buying an additional 413,038 shares in the last quarter. Millennium Management LLC boosted its position in Vicor by 4,634.5% during the first quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock worth $12,379,000 after acquiring an additional 259,022 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Vicor by 1,921.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 267,882 shares of the electronics maker’s stock worth $13,319,000 after acquiring an additional 254,630 shares during the last quarter. Finally, CIBC Bancorp USA Inc. purchased a new stake in Vicor during the 3rd quarter valued at about $12,625,000. 47.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VICR has been the subject of several research analyst reports. Roth Mkm reiterated a “buy” rating and set a $175.00 target price on shares of Vicor in a research report on Thursday, January 22nd. Wall Street Zen lowered shares of Vicor from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Vicor in a research report on Wednesday, January 21st. Finally, Zacks Research raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $118.33.

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.