Vicor (NASDAQ:VICR) CFO James Schmidt Sells 5,000 Shares

Vicor Corporation (NASDAQ:VICR) CFO James Schmidt sold 5,000 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $321.83, for a total value of $1,609,150.00. Following the completion of the sale, the chief financial officer owned 5,000 shares in the company, valued at $1,609,150. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Vicor Stock Down 0.8%

VICR stock traded down $2.63 during mid-day trading on Tuesday, reaching $326.22. The company had a trading volume of 620,809 shares, compared to its average volume of 885,352. The stock has a market capitalization of $14.87 billion, a P/E ratio of 110.65 and a beta of 2.36. Vicor Corporation has a one year low of $41.76 and a one year high of $361.89. The stock’s 50-day simple moving average is $234.94 and its two-hundred day simple moving average is $171.83.

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. 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. Wall Street Zen cut shares of Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Needham & Company LLC lifted their price objective on shares of Vicor from $260.00 to $350.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Finally, Zacks Research upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $228.33.

Institutional Investors Weigh In On Vicor

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company grew its holdings in Vicor by 3,918.9% during the fourth quarter. The Manufacturers Life Insurance Company now owns 432,189 shares of the electronics maker’s stock worth $47,368,000 after acquiring an additional 421,435 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Vicor by 1,542.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 439,820 shares of the electronics maker’s stock worth $48,205,000 after acquiring an additional 413,038 shares during the period. Millennium Management LLC grew its holdings in Vicor by 4,634.5% during the first quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock worth $12,379,000 after acquiring an additional 259,022 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Vicor by 1,921.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 267,882 shares of the electronics maker’s stock worth $13,319,000 after acquiring an additional 254,630 shares during the period. Finally, CIBC Bancorp USA Inc. acquired a new position in Vicor during the third quarter worth about $12,625,000. 47.45% of the stock is currently owned by institutional investors.

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.