Vicor (NASDAQ:VICR) Shares Down 5.2% on Insider Selling

Vicor Corporation (NASDAQ:VICR) shares fell 5.2% during trading on Monday following insider selling activity. The company traded as low as $241.20 and last traded at $254.3420. 345,245 shares traded hands during trading, a decline of 57% from the average session volume of 808,935 shares. The stock had previously closed at $268.36.

Specifically, VP Philip D. Davies sold 3,073 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $269.07, for a total transaction of $826,852.11. Following the transaction, the vice president directly owned 1,920 shares in the company, valued at $516,614.40. The trade was a 61.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Andrew D’amico sold 800 shares of the business’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $277.00, for a total value of $221,600.00. Following the transaction, the director owned 800 shares in the company, valued at approximately $221,600. This represents a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In related news, CFO James F. Schmidt sold 1,241 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $277.00, for a total value of $343,757.00. Following the transaction, the chief financial officer directly owned 1,241 shares in the company, valued at approximately $343,757. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analyst Upgrades and Downgrades

A number of research firms recently commented on VICR. Weiss Ratings reiterated a “hold (c)” rating on shares of Vicor in a report on Wednesday, January 21st. Needham & Company LLC upped their price objective on Vicor from $180.00 to $260.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Wall Street Zen cut Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Zacks Research upgraded Vicor from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. Finally, Roth Mkm reiterated a “buy” rating and issued a $245.00 price objective on shares of Vicor in a report on Monday, April 20th. 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 stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $198.33.

Vicor Price Performance

The business has a 50 day simple moving average of $193.65 and a 200 day simple moving average of $142.75. The company has a market capitalization of $11.39 billion, a price-to-earnings ratio of 83.95 and a beta of 2.33.

Vicor (NASDAQ:VICR) last released its quarterly earnings results on Tuesday, April 21st. The electronics maker reported $0.44 EPS for the quarter, topping analysts’ consensus estimates 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 in the prior year, the firm earned $0.06 earnings per share. The firm’s revenue was up 20.2% compared to the same quarter last year. On average, equities research analysts predict that Vicor Corporation will post 2.71 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in VICR. Federated Hermes Inc. acquired a new position in Vicor during the fourth quarter worth $27,000. Nisa Investment Advisors LLC increased its position in shares of Vicor by 53.4% during the third quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker’s stock worth $30,000 after acquiring an additional 210 shares during the period. Harbour Investments Inc. purchased a new stake in shares of Vicor during the fourth quarter worth $32,000. Allworth Financial LP increased its position in shares of Vicor by 960.0% during the fourth quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock worth $35,000 after acquiring an additional 288 shares during the period. Finally, NBC Securities Inc. purchased a new stake in shares of Vicor during the fourth quarter worth $36,000. 47.45% of the stock is currently owned by institutional investors and hedge funds.

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.