Vicor (NASDAQ:VICR) Director Andrew D’amico Sells 800 Shares

Vicor Corporation (NASDAQ:VICR) Director Andrew D’amico sold 800 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $315.35, for a total value of $252,280.00. Following the completion of the transaction, the director owned 800 shares of the company’s stock, valued at $252,280. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Andrew D’amico also recently made the following trade(s):

• On Wednesday, May 13th, Andrew D’amico sold 1,200 shares of Vicor stock. The stock was sold at an average price of $312.31, for a total value of $374,772.00.
• On Tuesday, May 12th, Andrew D’amico sold 565 shares of Vicor stock. The stock was sold at an average price of $303.03, for a total value of $171,211.95.
• On Monday, May 4th, Andrew D’amico sold 7,512 shares of Vicor stock. The stock was sold at an average price of $252.89, for a total value of $1,899,709.68.
• On Monday, April 27th, Andrew D’amico sold 800 shares of Vicor stock. The stock was sold at an average price of $277.00, for a total value of $221,600.00.

Vicor Price Performance

VICR stock opened at $273.67 on Friday. Vicor Corporation has a 1-year low of $40.54 and a 1-year high of $316.82. The company has a market capitalization of $12.47 billion, a price-to-earnings ratio of 91.53 and a beta of 2.33. The business has a 50 day simple moving average of $209.50 and a two-hundred day simple moving average of $155.56.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on VICR. Zacks Research upgraded Vicor from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Wall Street Zen downgraded Vicor from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Roth Mkm reiterated a “buy” rating and set a $245.00 target price on shares of Vicor in a research report on Monday, April 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Vicor in a research report on Wednesday, January 21st. Finally, Needham & Company LLC increased their price target on Vicor from $180.00 to $260.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $198.33.

Key Vicor News

Here are the key news stories impacting Vicor this week:

• Positive Sentiment: Vicor’s recent earnings report was strong, with EPS of $0.44 beating estimates and revenue of $112.97 million topping forecasts, while revenue grew 20.2% year over year. That kind of results-driven strength has helped support investor enthusiasm for the stock. Jim Cramer on Vicor: “If You Don’t Own It, Please Be Patient”
• Positive Sentiment: Analysts have remained generally constructive, with recent price-target increases and multiple Buy/Strong Buy ratings suggesting expectations for continued growth in Vicor’s power-systems business.
• Neutral Sentiment: Vicor remains a popular stock with institutional investors, and hedge-fund ownership has been expanding, which can help reinforce confidence in the long-term story.
• Negative Sentiment: Multiple recent insider sales by Director Andrew D’Amico, including several transactions over the past few days, may be weighing on shares because investors often view heavy insider selling as a caution signal. Andrew D’amico insider trades

Institutional Trading of Vicor

A number of hedge funds and other institutional investors have recently bought and sold shares of VICR. The Manufacturers Life Insurance Company increased its stake in Vicor by 3,918.9% in the fourth quarter. The Manufacturers Life Insurance Company now owns 432,189 shares of the electronics maker’s stock worth $47,368,000 after purchasing an additional 421,435 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Vicor by 1,542.2% in 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 purchasing an additional 413,038 shares during the period. Millennium Management LLC increased its stake in Vicor by 4,634.5% in the first 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. Arrowstreet Capital Limited Partnership increased its stake in Vicor by 1,921.4% in the third quarter. Arrowstreet Capital Limited Partnership now owns 267,882 shares of the electronics maker’s stock worth $13,319,000 after purchasing an additional 254,630 shares during the period. Finally, CIBC Bancorp USA Inc. purchased a new stake in Vicor in the third quarter worth $12,625,000. Hedge funds and other institutional investors own 47.45% of the company’s stock.

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.