Vicor (NASDAQ:VICR) Shares Down 9.5% Following Insider Selling

Vicor Corporation (NASDAQ:VICR)’s stock price traded down 9.5% during mid-day trading on Monday following insider selling activity. The stock traded as low as $248.60 and last traded at $247.7980. 336,359 shares traded hands during trading, a decline of 59% from the average session volume of 829,989 shares. The stock had previously closed at $273.67.

Specifically, 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 sale, the director directly owned 800 shares in the company, valued at $252,280. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Andrew D’amico sold 1,200 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $312.31, for a total value of $374,772.00. Following the completion of the sale, the director owned 1,200 shares of the company’s stock, valued at $374,772. This trade represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In other news, VP Alvaro Doyle sold 4,041 shares of Vicor stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $286.91, for a total value of $1,159,403.31. Following the transaction, the vice president owned 42 shares of the company’s stock, valued at $12,050.22. The trade was a 98.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on VICR shares. Zacks Research raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Roth Mkm reaffirmed a “buy” rating and issued a $245.00 price objective on shares of Vicor in a research note on Monday, April 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vicor in a research note on Wednesday, January 21st. Wall Street Zen cut shares of Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Finally, Needham & Company LLC lifted their price objective on shares of Vicor from $180.00 to $260.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. One 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. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $198.33.

Vicor Price Performance

The stock has a fifty day moving average price of $209.50 and a 200-day moving average price of $156.02. The company has a market cap of $11.33 billion, a PE ratio of 82.82 and a beta of 2.33.

Vicor (NASDAQ:VICR) last released its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. The company had revenue of $112.97 million during the quarter, compared to analyst estimates of $109.05 million. Vicor had a return on equity of 20.21% and a net margin of 28.98%.The company’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.06 earnings per share. On average, equities analysts anticipate that Vicor Corporation will post 2.71 earnings per share for the current year.

Institutional Trading of Vicor

A number of hedge funds have recently modified their holdings of the business. Federated Hermes Inc. purchased a new position in Vicor during the fourth quarter valued at approximately $27,000. Nisa Investment Advisors LLC grew its position in Vicor by 53.4% during the third quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker’s stock valued at $30,000 after purchasing an additional 210 shares in the last quarter. Harbour Investments Inc. purchased a new position in Vicor during the fourth quarter valued at approximately $32,000. Allworth Financial LP grew its position in Vicor by 960.0% during the fourth quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock valued at $35,000 after purchasing an additional 288 shares in the last quarter. Finally, NBC Securities Inc. purchased a new position in Vicor during the fourth quarter valued at approximately $36,000. 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.