Vicor (NASDAQ:VICR) Shares Down 6.7% Following Insider Selling

Vicor Corporation (NASDAQ:VICR) shares were down 6.7% on Friday after an insider sold shares in the company. The stock traded as low as $302.23 and last traded at $309.4890. 109,389 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 811,820 shares. The stock had previously closed at $331.59.

Specifically, CEO Patrizio Vinciarelli sold 20,000 shares of the firm’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $326.44, for a total transaction of $6,528,800.00. Following the transaction, the chief executive officer directly owned 8,468,090 shares in the company, valued at approximately $2,764,323,299.60. This trade represents a 0.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO James F. Schmidt sold 331 shares of the company’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $334.90, for a total transaction of $110,851.90. Following the completion of the sale, the chief financial officer 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 SEC filing for this sale provides additional information. In other news, Director Andrew D’amico sold 754 shares of the stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $330.00, for a total value of $248,820.00. Following the completion of the sale, the director owned 754 shares in the company, valued at $248,820. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Wall Street Analysts Forecast Growth

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

Vicor Trading Down 6.8%

The stock’s 50-day moving average price is $287.59 and its two-hundred day moving average price is $200.40. The stock has a market capitalization of $14.09 billion, a P/E ratio of 103.92 and a beta of 2.36.

Vicor (NASDAQ:VICR) last issued its quarterly earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 28.98% and a return on equity of 20.21%. Vicor’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.06 EPS. On average, equities research analysts predict that Vicor Corporation will post 2.94 earnings per share for the current year.

Institutional Trading of Vicor

A number of large investors have recently bought and sold shares of the company. Sapient Capital LLC raised its stake in shares of Vicor by 54.6% in the first quarter. Sapient Capital LLC now owns 2,830 shares of the electronics maker’s stock valued at $456,000 after buying an additional 1,000 shares during the period. Empowered Funds LLC grew its stake in shares of Vicor by 6,794.9% during the 1st quarter. Empowered Funds LLC now owns 51,091 shares of the electronics maker’s stock worth $8,226,000 after acquiring an additional 50,350 shares during the period. Parallel Advisors LLC grew its stake in shares of Vicor by 167.8% during the 1st quarter. Parallel Advisors LLC now owns 490 shares of the electronics maker’s stock worth $79,000 after acquiring an additional 307 shares during the period. NewEdge Advisors LLC increased its holdings in Vicor by 1,493.1% in the 1st quarter. NewEdge Advisors LLC now owns 2,071 shares of the electronics maker’s stock worth $333,000 after acquiring an additional 1,941 shares during the last quarter. Finally, Axiom Investment Management LLC bought a new stake in Vicor in the 1st quarter valued at about $209,000. 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.