Vicor (NASDAQ:VICR) Shares Down 7.7% After Insider Selling

Vicor Corporation (NASDAQ:VICR) fell 7.7% during mid-day trading on Thursday following insider selling activity. The stock traded as low as $163.23 and last traded at $165.0670. 207,026 shares traded hands during trading, a decline of 71% from the average session volume of 721,989 shares. The stock had previously closed at $178.83.

Specifically, CFO James F. Schmidt sold 875 shares of the stock in a transaction that occurred on Thursday, October 23rd. The shares were sold at an average price of $91.92, for a total transaction of $80,430.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Patrizio Vinciarelli sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $177.25, for a total transaction of $8,862,500.00. Following the completion of the transaction, the chief executive officer owned 9,508,163 shares in the company, valued at $1,685,321,891.75. The trade was a 0.52% decrease in their position. The disclosure for this sale is available in the SEC filing. In other Vicor news, CEO Patrizio Vinciarelli sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $166.30, for a total transaction of $8,315,000.00. Following the completion of the sale, the chief executive officer directly owned 9,558,163 shares in the company, valued at $1,589,522,506.90. The trade was a 0.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Analyst Upgrades and Downgrades

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

Vicor Stock Performance

The firm has a market capitalization of $7.41 billion, a price-to-earnings ratio of 63.04 and a beta of 1.84. The stock’s fifty day moving average is $161.48 and its two-hundred day moving average is $105.59.

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

Institutional Inflows and Outflows

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

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.