Vicor (NASDAQ:VICR) CFO James Schmidt Sells 15,500 Shares

Vicor Corporation (NASDAQ:VICR) CFO James Schmidt sold 15,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $177.19, for a total transaction of $2,746,445.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Vicor Stock Up 0.5%

Shares of NASDAQ:VICR traded up $0.86 during midday trading on Friday, reaching $168.67. 188,652 shares of the company were exchanged, compared to its average volume of 721,686. The firm has a market cap of $7.53 billion, a PE ratio of 64.55 and a beta of 1.84. Vicor Corporation has a fifty-two week low of $38.92 and a fifty-two week high of $209.53. The stock has a fifty day simple moving average of $162.65 and a two-hundred day simple moving average of $106.03.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Federated Hermes Inc. bought a new stake in shares of Vicor during the 4th quarter worth approximately $27,000. Nisa Investment Advisors LLC increased its holdings in Vicor by 53.4% during the third quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker’s stock worth $30,000 after buying an additional 210 shares during the last quarter. Harbour Investments Inc. bought a new stake in Vicor during the fourth quarter worth $32,000. Allworth Financial LP lifted its stake in Vicor by 960.0% in the fourth quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock valued at $35,000 after acquiring an additional 288 shares during the last quarter. Finally, NBC Securities Inc. acquired a new stake in Vicor in the fourth quarter valued at $36,000. Institutional investors and hedge funds own 47.45% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on VICR. Roth Mkm restated a “buy” rating and issued a $175.00 target price on shares of Vicor in a research note on Thursday, January 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Vicor in a research report on Wednesday, January 21st. Zacks Research upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. Finally, Wall Street Zen downgraded shares of Vicor from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 23rd. One investment 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 company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus 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.