Vicor (NASDAQ:VICR) Shares Down 7.4% After Insider Selling

Shares of Vicor Corporation (NASDAQ:VICR) were down 7.4% on Thursday after an insider sold shares in the company. The stock traded as low as $170.56 and last traded at $172.3270. Approximately 172,676 shares changed hands during trading, a decline of 78% from the average daily volume of 784,565 shares. The stock had previously closed at $186.00.

Specifically, CEO Patrizio Vinciarelli sold 23,179 shares of the business’s stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $179.93, for a total transaction of $4,170,597.47. Following the sale, the chief executive officer owned 9,034,984 shares in the company, valued at $1,625,664,671.12. The trade was a 0.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Patrizio Vinciarelli sold 44,076 shares of the company’s stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $179.88, for a total value of $7,928,390.88. Following the completion of the transaction, the chief executive officer directly owned 9,064,087 shares of the company’s stock, valued at approximately $1,630,447,969.56. The trade was a 0.48% decrease in their position. The disclosure for this sale is available in the SEC filing.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Roth Mkm reissued a “buy” rating and set a $175.00 price target on shares of Vicor in a research note on Thursday, January 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vicor in a research note on Wednesday, January 21st. Finally, Zacks Research upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. One investment 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. Based on data from MarketBeat.com, Vicor presently has a consensus rating of “Buy” and an average target price of $118.33.

Vicor Price Performance

The firm has a market capitalization of $7.62 billion, a price-to-earnings ratio of 64.26 and a beta of 1.84. The stock has a fifty day moving average of $170.85 and a two-hundred day moving average of $114.65.

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

Hedge Funds Weigh In On Vicor

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

About Vicor

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.