Insider Selling: Vicor (NASDAQ:VICR) Director Sells $171,211.95 in Stock

Vicor Corporation (NASDAQ:VICR) Director Andrew D’amico sold 565 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $303.03, for a total transaction of $171,211.95. Following the sale, the director directly owned 565 shares in the company, valued at $171,211.95. The trade was a 50.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Andrew D’amico also recently made the following trade(s):

• On Thursday, May 14th, Andrew D’amico sold 800 shares of Vicor stock. The stock was sold at an average price of $315.35, for a total transaction of $252,280.00.
• On Wednesday, May 13th, Andrew D’amico sold 1,200 shares of Vicor stock. The stock was sold at an average price of $312.31, for a total transaction of $374,772.00.
• On Monday, May 4th, Andrew D’amico sold 7,512 shares of Vicor stock. The stock was sold at an average price of $252.89, for a total transaction of $1,899,709.68.
• On Monday, April 27th, Andrew D’amico sold 800 shares of Vicor stock. The stock was sold at an average price of $277.00, for a total transaction of $221,600.00.

Vicor Stock Performance

Shares of NASDAQ VICR opened at $273.67 on Friday. The firm’s 50 day moving average price is $209.50 and its 200-day moving average price is $155.56. The company has a market cap of $12.47 billion, a PE ratio of 91.53 and a beta of 2.33. Vicor Corporation has a 52-week low of $40.54 and a 52-week high of $316.82.

Vicor (NASDAQ:VICR) last issued its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.04. The firm had revenue of $112.97 million for the quarter, compared to the consensus estimate of $109.05 million. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The business’s revenue was up 20.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.06 earnings per share. On average, analysts forecast that Vicor Corporation will post 2.71 earnings per share for the current fiscal year.

Key Headlines Impacting Vicor

Here are the key news stories impacting Vicor this week:

• Positive Sentiment: Vicor’s recent earnings report was strong, with EPS of $0.44 beating estimates and revenue of $112.97 million topping forecasts, while revenue grew 20.2% year over year. That kind of results-driven strength has helped support investor enthusiasm for the stock. Jim Cramer on Vicor: “If You Don’t Own It, Please Be Patient”
• Positive Sentiment: Analysts have remained generally constructive, with recent price-target increases and multiple Buy/Strong Buy ratings suggesting expectations for continued growth in Vicor’s power-systems business.
• Neutral Sentiment: Vicor remains a popular stock with institutional investors, and hedge-fund ownership has been expanding, which can help reinforce confidence in the long-term story.
• Negative Sentiment: Multiple recent insider sales by Director Andrew D’Amico, including several transactions over the past few days, may be weighing on shares because investors often view heavy insider selling as a caution signal. Andrew D’amico insider trades

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Roth Mkm reiterated a “buy” rating and issued a $245.00 target price on shares of Vicor in a research note on Monday, April 20th. 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 downgraded shares of Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Weiss Ratings restated a “hold (c)” rating on shares of Vicor in a research report on Wednesday, January 21st. Finally, Needham & Company LLC increased their price objective on shares of Vicor from $180.00 to $260.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $198.33.

Institutional Trading of Vicor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VICR. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Vicor in the third quarter worth $352,000. Summit Global Investments purchased a new stake in shares of Vicor in the third quarter worth $1,050,000. Colrain Capital LLC increased its stake in shares of Vicor by 10.4% in the third quarter. Colrain Capital LLC now owns 254,140 shares of the electronics maker’s stock worth $12,636,000 after purchasing an additional 23,940 shares in the last quarter. Public Sector Pension Investment Board increased its stake in shares of Vicor by 13.4% in the third quarter. Public Sector Pension Investment Board now owns 89,312 shares of the electronics maker’s stock worth $4,441,000 after purchasing an additional 10,532 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Vicor in the third quarter worth $448,000. 47.45% of the stock is owned by hedge funds and other institutional investors.

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.