Vicor (NASDAQ:VICR) Shares Down 9.6% Following Insider Selling

Vicor Corporation (NASDAQ:VICR)’s share price dropped 9.6% on Tuesday following insider selling activity. The stock traded as low as $284.34 and last traded at $283.00. Approximately 535,026 shares were traded during trading, a decline of 35% from the average daily volume of 816,884 shares. The stock had previously closed at $312.96.

Specifically, CAO Quentin A. Fendelet sold 5,059 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $297.03, for a total transaction of $1,502,674.77. Following the completion of the transaction, the chief accounting officer owned 4,963 shares in the company, valued at approximately $1,474,159.89. This represents a 50.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Quentin A. Fendelet sold 5,060 shares of the firm’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $277.07, for a total transaction of $1,401,974.20. Following the completion of the sale, the chief accounting officer owned 2,434 shares of the company’s stock, valued at $674,388.38. This trade represents a 67.52% decrease in their position. The disclosure for this sale is available in the SEC filing. In other news, VP Nancy L. Grava sold 5,412 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $265.00, for a total transaction of $1,434,180.00. Following the transaction, the vice president directly owned 508 shares in the company, valued at $134,620. The trade was a 91.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on VICR. 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 Wednesday, January 21st. Roth Mkm reiterated a “buy” rating and issued a $245.00 price objective on shares of Vicor in a research report on Monday, April 20th. Needham & Company LLC boosted their target price on shares of Vicor from $180.00 to $260.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Finally, Zacks Research upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Vicor presently has a consensus 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: Media coverage highlighted Vicor as a “stock of the day” after it jumped on record data-center demand, reinforcing the view that demand for the company’s power modules is strong. IBD stock of the day Vicor jumps 20% in a day on record data-center demand
• Positive Sentiment: Another article argued Vicor is “selling everything they can make,” suggesting production is sold out or near capacity, which can signal strong near-term revenue momentum. Vicor Is Selling Everything They Can Make!
• Positive Sentiment: Options activity spiked, with traders buying far more call options than usual, a sign of elevated bullish speculation in VICR.
• Positive Sentiment: A commentary piece described Vicor as an “IP compounder,” which may be supporting the market’s view that the company has valuable long-term technology assets. Vicor: An IP Compounder Hiding Inside An Old Semiconductor Stock
• Neutral Sentiment: Jim Cramer’s recent comments were cautionary, advising investors to wait for the stock to cool off, which may temper enthusiasm but does not change the underlying business outlook. If you don’t own Vicor yet, be patient and wait for the stock to cool off, says Jim Cramer
• Neutral Sentiment: Cramer also featured Vicor in a “stop trading” segment, which adds visibility but is not a clear fundamental positive or negative. Cramer’s Stop Trading: Vicor
• Negative Sentiment: Vicor’s CAO Quentin A. Fendelet sold more than 5,000 shares at about $297 per share, trimming ownership by roughly half, which can be viewed as a mild insider-confidence concern. SEC insider filing

Vicor Price Performance

The company has a market capitalization of $12.82 billion, a PE ratio of 94.04 and a beta of 2.33. The stock has a 50-day simple moving average of $202.49 and a 200 day simple moving average of $150.34.

Vicor (NASDAQ:VICR) last released 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. Vicor had a return on equity of 20.21% and a net margin of 28.98%.The business had revenue of $112.97 million during the quarter, compared to the consensus estimate of $109.05 million. During the same quarter in the previous year, the company posted $0.06 EPS. The business’s revenue was up 20.2% on a year-over-year basis. As a group, research analysts predict that Vicor Corporation will post 2.71 EPS for the current fiscal year.

Institutional Trading of Vicor

Institutional investors and hedge funds have recently modified their holdings of the business. Westpac Banking Corp acquired a new stake in shares of Vicor in the first quarter valued at approximately $1,258,000. Andar Capital Management HK Ltd increased its position in Vicor by 71.9% during the first quarter. Andar Capital Management HK Ltd now owns 55,000 shares of the electronics maker’s stock worth $8,855,000 after buying an additional 23,000 shares in the last quarter. ROSS JOHNSON & Associates LLC raised its holdings in shares of Vicor by 13,750.0% in the first quarter. ROSS JOHNSON & Associates LLC now owns 277 shares of the electronics maker’s stock worth $45,000 after acquiring an additional 275 shares during the last quarter. Summit Global Investments acquired a new position in shares of Vicor in the first quarter worth $281,000. Finally, Meeder Asset Management Inc. lifted its position in shares of Vicor by 189.4% in the first quarter. Meeder Asset Management Inc. now owns 301 shares of the electronics maker’s stock valued at $48,000 after acquiring an additional 197 shares in the last quarter. 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.