Insider Selling: Vicor (NASDAQ:VICR) Director Sells $374,772.00 in Stock

Vicor Corporation (NASDAQ:VICR) Director Andrew D’amico sold 1,200 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $312.31, for a total value of $374,772.00. Following the sale, the director directly owned 1,200 shares in the company, valued at approximately $374,772. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Thursday, May 14th, Andrew D’amico sold 800 shares of Vicor stock. The shares were sold at an average price of $315.35, for a total value of $252,280.00.
• On Tuesday, May 12th, Andrew D’amico sold 565 shares of Vicor stock. The shares were sold at an average price of $303.03, for a total value of $171,211.95.
• On Monday, May 4th, Andrew D’amico sold 7,512 shares of Vicor stock. The shares were sold at an average price of $252.89, for a total value of $1,899,709.68.
• On Monday, April 27th, Andrew D’amico sold 800 shares of Vicor stock. The shares were sold at an average price of $277.00, for a total value of $221,600.00.

Vicor Stock Down 5.8%

NASDAQ:VICR opened at $273.67 on Friday. The stock 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. The business’s 50-day simple moving average is $209.50 and its two-hundred day simple moving average is $155.56.

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

Institutional Investors Weigh In On Vicor

Large investors have recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Vicor in the third quarter valued at $352,000. Summit Global Investments purchased a new stake in shares of Vicor in the third quarter worth approximately $1,050,000. Colrain Capital LLC lifted its stake in shares of Vicor by 10.4% during the 3rd quarter. Colrain Capital LLC now owns 254,140 shares of the electronics maker’s stock worth $12,636,000 after acquiring an additional 23,940 shares during the last quarter. Public Sector Pension Investment Board lifted its stake in shares of Vicor by 13.4% during the 3rd quarter. Public Sector Pension Investment Board now owns 89,312 shares of the electronics maker’s stock worth $4,441,000 after acquiring an additional 10,532 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in Vicor during the 3rd quarter valued at $448,000. Institutional investors own 47.45% of the company’s stock.

Trending Headlines about 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

Wall Street Analyst Weigh In

VICR has been the subject of a number of research reports. Weiss Ratings restated a “hold (c)” rating on shares of Vicor in a research report on Wednesday, January 21st. Zacks Research raised Vicor from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. Roth Mkm reaffirmed a “buy” rating and issued a $245.00 target price on shares of Vicor in a report on Monday, April 20th. Needham & Company LLC lifted their target price on Vicor from $180.00 to $260.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Finally, Wall Street Zen cut Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. One research 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. According to data from MarketBeat.com, Vicor currently has a consensus rating of “Buy” and an average price target of $198.33.

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.