Insider Selling: Vicor (NASDAQ:VICR) VP Sells $668,800.00 in Stock

Vicor Corporation (NASDAQ:VICR) VP Alex Gusinov sold 3,344 shares of the business’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $200.00, for a total transaction of $668,800.00. Following the completion of the sale, the vice president owned 6,996 shares in the company, valued at $1,399,200. This represents a 32.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Alex Gusinov also recently made the following trade(s):

• On Monday, December 15th, Alex Gusinov sold 3,844 shares of Vicor stock. The shares were sold at an average price of $97.31, for a total transaction of $374,059.64.

Vicor Price Performance

VICR traded down $6.64 during midday trading on Friday, reaching $199.00. 162,079 shares of the company’s stock were exchanged, compared to its average volume of 687,738. Vicor Corporation has a 1-year low of $38.92 and a 1-year high of $205.92. The stock has a market capitalization of $8.89 billion, a PE ratio of 76.13 and a beta of 1.90. The business’s 50-day moving average price is $147.51 and its 200 day moving average price is $96.48.

Vicor (NASDAQ:VICR) last announced its earnings results on Thursday, February 19th. The electronics maker reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.63. Vicor had a return on equity of 18.73% and a net margin of 26.19%.The firm had revenue of $107.26 million for the quarter, compared to analysts’ expectations of $107.78 million. During the same quarter in the prior year, the firm earned $0.23 EPS. Vicor’s quarterly revenue was up 11.5% on a year-over-year basis.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Pacer Advisors Inc. lifted its position in Vicor by 240.4% in the fourth quarter. Pacer Advisors Inc. now owns 5,681 shares of the electronics maker’s stock worth $623,000 after purchasing an additional 4,012 shares during the period. Invesco Ltd. grew its holdings in Vicor by 125.8% during the fourth quarter. Invesco Ltd. now owns 148,659 shares of the electronics maker’s stock worth $16,293,000 after acquiring an additional 82,831 shares during the period. Corient Private Wealth LLC lifted its holdings in Vicor by 3.9% in the 4th quarter. Corient Private Wealth LLC now owns 4,861 shares of the electronics maker’s stock valued at $533,000 after acquiring an additional 184 shares during the last quarter. State of Tennessee Department of Treasury boosted its position in shares of Vicor by 10.5% during the 4th quarter. State of Tennessee Department of Treasury now owns 14,615 shares of the electronics maker’s stock valued at $1,602,000 after purchasing an additional 1,388 shares in the last quarter. Finally, Empowered Funds LLC acquired a new position in shares of Vicor in the 4th quarter worth approximately $81,000. 47.45% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on VICR shares. Zacks Research raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a research note on Monday. Weiss Ratings reiterated a “hold (c)” rating on shares of Vicor in a report on Wednesday, January 21st. Wall Street Zen cut Vicor from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 23rd. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $175.00 price target on shares of Vicor in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Vicor has a consensus rating of “Buy” and a consensus target price of $118.33.

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.