Insider Selling: Vicor (NASDAQ:VICR) CFO Sells $110,851.90 in Stock

Vicor Corporation (NASDAQ:VICR) CFO James Schmidt sold 331 shares of Vicor stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $334.90, for a total value of $110,851.90. Following the completion of the sale, the chief financial officer directly owned 331 shares of the company’s stock, valued at approximately $110,851.90. The trade was a 50.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Vicor Price Performance

Shares of NASDAQ:VICR opened at $326.93 on Friday. The company has a market cap of $14.90 billion, a P/E ratio of 109.34 and a beta of 2.36. Vicor Corporation has a 1 year low of $41.76 and a 1 year high of $369.40. The stock’s fifty day moving average price is $290.25 and its 200-day moving average price is $201.28.

Vicor (NASDAQ:VICR) last released its quarterly earnings data on Tuesday, April 21st. The electronics maker reported $0.44 EPS for the quarter, beating the consensus estimate of $0.40 by $0.04. Vicor had a return on equity of 20.21% and a net margin of 28.98%.The company had revenue of $112.97 million for the quarter, compared to analysts’ expectations of $109.05 million. During the same period last year, the firm posted $0.06 earnings per share. Vicor’s revenue was up 20.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Vicor Corporation will post 2.94 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Vicor in a research note on Monday, June 1st. Wall Street Zen cut shares of Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Needham & Company LLC lifted their target price on shares of Vicor to $400.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Roth Mkm boosted their target price on shares of Vicor from $285.00 to $375.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Finally, Craig Hallum increased their price target on Vicor to $450.00 and gave the company a “buy” rating in a report on Monday, June 22nd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Vicor presently has a consensus rating of “Buy” and an average target price of $408.33.

Institutional Trading of Vicor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada raised its position in Vicor by 6.0% in the first quarter. Royal Bank of Canada now owns 15,167 shares of the electronics maker’s stock worth $709,000 after acquiring an additional 857 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Vicor by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,537 shares of the electronics maker’s stock worth $633,000 after purchasing an additional 563 shares in the last quarter. Millennium Management LLC raised its holdings in Vicor by 4,634.5% in the 1st quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock worth $12,379,000 after purchasing an additional 259,022 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Vicor by 38.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 41,541 shares of the electronics maker’s stock worth $1,943,000 after purchasing an additional 11,525 shares during the period. Finally, Acadian Asset Management LLC lifted its position in Vicor by 56.1% during the first quarter. Acadian Asset Management LLC now owns 8,860 shares of the electronics maker’s stock valued at $413,000 after purchasing an additional 3,184 shares in the last quarter. 47.45% of the stock is owned by hedge funds and other 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.