Vicor (NASDAQ:VICR) Trading Down 8.1% on Insider Selling

Shares of Vicor Corporation (NASDAQ:VICR) were down 8.1% during mid-day trading on Wednesday following insider selling activity. The company traded as low as $226.92 and last traded at $222.6870. 221,183 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 843,286 shares. The stock had previously closed at $242.41.

Specifically, Director Zmira Lavie sold 908 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $250.00, for a total transaction of $227,000.00. Following the completion of the transaction, the director owned 908 shares in the company, valued at approximately $227,000. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Weiss Ratings raised Vicor from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 6th. Wall Street Zen cut Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Roth Capital lifted their target price on Vicor from $285.00 to $375.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Craig Hallum boosted their price target on Vicor to $450.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Finally, Zacks Research cut Vicor from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 2nd. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $381.67.

Vicor Price Performance

The stock has a market cap of $9.93 billion, a price-to-earnings ratio of 69.02 and a beta of 2.37. The firm’s fifty day moving average price is $265.13 and its two-hundred day moving average price is $232.87.

Vicor (NASDAQ:VICR) last issued its earnings results on Tuesday, July 21st. The electronics maker reported $1.04 EPS for the quarter, beating the consensus estimate of $0.65 by $0.39. Vicor had a return on equity of 19.83% and a net margin of 30.65%.The company had revenue of $143.35 million during the quarter, compared to the consensus estimate of $138.37 million. During the same period last year, the business posted $0.91 EPS. The firm’s revenue for the quarter was up 49.3% compared to the same quarter last year. On average, equities research analysts anticipate that Vicor Corporation will post 3.12 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Andar Capital Management HK Ltd bought a new stake in shares of Vicor during the second quarter valued at approximately $101,100,000. BlackRock Inc. bought a new position in shares of Vicor in the 2nd quarter worth $934,612,000. The Manufacturers Life Insurance Company lifted its holdings in shares of Vicor by 3,918.9% in the 4th quarter. The Manufacturers Life Insurance Company now owns 432,189 shares of the electronics maker’s stock worth $47,368,000 after purchasing an additional 421,435 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Vicor by 1,542.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 439,820 shares of the electronics maker’s stock valued at $48,205,000 after purchasing an additional 413,038 shares during the period. Finally, Millennium Management LLC increased its stake in Vicor by 4,634.5% during the 1st quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock valued at $12,379,000 after purchasing an additional 259,022 shares in the last quarter. Institutional investors own 47.45% of the company’s stock.

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.