Vicor (NASDAQ:VICR) Shares Down 8.1% After Insider Selling

Vicor Corporation (NASDAQ:VICR) was down 8.1% during trading on Friday following insider selling activity. The stock traded as low as $177.23 and last traded at $174.79. Approximately 302,359 shares were traded during trading, a decline of 59% from the average daily volume of 732,031 shares. The stock had previously closed at $190.13.

Specifically, CEO Patrizio Vinciarelli sold 50,000 shares of the stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $196.18, for a total transaction of $9,809,000.00. Following the sale, the chief executive officer directly owned 9,158,163 shares in the company, valued at approximately $1,796,648,417.34. This trade represents a 0.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Michael Mcnamara sold 7,174 shares of Vicor stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $190.07, for a total value of $1,363,562.18. Following the completion of the sale, the insider directly owned 18,138 shares of the company’s stock, valued at approximately $3,447,489.66. The trade was a 28.34% decrease in their position. The disclosure for this sale is available in the SEC filing. In other news, CEO Patrizio Vinciarelli sold 50,000 shares of the company’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $184.67, for a total transaction of $9,233,500.00. Following the transaction, the chief executive officer directly owned 9,258,163 shares of the company’s stock, valued at $1,709,704,961.21. This represents a 0.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Wall Street Analysts Forecast Growth

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

Vicor Price Performance

The firm’s 50-day moving average is $168.07 and its 200-day moving average is $110.74. The company has a market capitalization of $7.72 billion, a P/E ratio of 66.09 and a beta of 1.84.

Vicor (NASDAQ:VICR) last released its quarterly earnings results on Thursday, February 19th. The electronics maker reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.63. The business had revenue of $362.70 million for the quarter, compared to the consensus estimate of $107.78 million. Vicor had a net margin of 26.19% and a return on equity of 18.73%. The company’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period last year, the firm earned $0.23 earnings per share.

Hedge Funds Weigh In On Vicor

Institutional investors have recently bought and sold shares of the stock. ProShare Advisors LLC grew its holdings in Vicor by 1.7% during the fourth quarter. ProShare Advisors LLC now owns 4,469 shares of the electronics maker’s stock valued at $490,000 after purchasing an additional 74 shares during the period. Bouvel Investment Partners LLC lifted its position in shares of Vicor by 0.4% during the 4th quarter. Bouvel Investment Partners LLC now owns 24,183 shares of the electronics maker’s stock valued at $2,650,000 after buying an additional 85 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Vicor by 1.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,238 shares of the electronics maker’s stock valued at $574,000 after acquiring an additional 90 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Vicor by 13.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,129 shares of the electronics maker’s stock valued at $56,000 after acquiring an additional 136 shares during the period. Finally, Truist Financial Corp increased its holdings in Vicor by 2.1% in the 4th quarter. Truist Financial Corp now owns 6,940 shares of the electronics maker’s stock worth $761,000 after acquiring an additional 140 shares in the last quarter. 47.45% of the stock is 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.