Vicor (NASDAQ:VICR) Director Sells $67,364.00 in Stock

Vicor Corporation (NASDAQ:VICR) Director Andrew D’amico sold 200 shares of the stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $336.82, for a total transaction of $67,364.00. Following the completion of the sale, the director directly owned 200 shares in the company, valued at approximately $67,364. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Friday, June 26th, Andrew D’amico sold 331 shares of Vicor stock. The shares were sold at an average price of $319.53, for a total transaction of $105,764.43.
• On Tuesday, June 23rd, Andrew D’amico sold 754 shares of Vicor stock. The shares were sold at an average price of $330.00, for a total transaction of $248,820.00.
• On Monday, June 22nd, Andrew D’amico sold 1,216 shares of Vicor stock. The stock was sold at an average price of $360.77, for a total value of $438,696.32.
• On Thursday, May 14th, Andrew D’amico sold 800 shares of Vicor stock. The shares were sold at an average price of $315.35, for a total value of $252,280.00.
• 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 shares were 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 shares were 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 Trading Down 7.8%

VICR stock opened at $350.21 on Thursday. The company’s 50 day moving average is $299.26 and its 200 day moving average is $207.61. The stock has a market cap of $15.96 billion, a price-to-earnings ratio of 117.13 and a beta of 2.32. Vicor Corporation has a 1-year low of $41.76 and a 1-year high of $382.65.

Vicor (NASDAQ:VICR) last announced its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.04. The business 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 revenue for the quarter was up 20.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.06 earnings per share. As a group, sell-side analysts forecast that Vicor Corporation will post 2.94 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd purchased a new stake in Vicor in the third quarter worth $352,000. Intech Investment Management LLC increased its position in Vicor by 36.6% during the 3rd quarter. Intech Investment Management LLC now owns 29,786 shares of the electronics maker’s stock valued at $1,481,000 after purchasing an additional 7,985 shares during the period. Range Financial Group LLC purchased a new stake in shares of Vicor in the 4th quarter worth about $1,537,000. Convergence Investment Partners LLC bought a new stake in shares of Vicor during the 4th quarter valued at about $1,631,000. Finally, Chicago Capital LLC purchased a new position in shares of Vicor during the fourth quarter valued at about $771,000. Institutional investors own 47.45% of the company’s stock.

Analyst Ratings Changes

VICR has been the topic of a number of research analyst reports. Needham & Company LLC increased their target price on Vicor to $400.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Vicor in a research report on Monday, June 1st. Wall Street Zen cut Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Craig Hallum increased their price target on shares of Vicor to $450.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Finally, Roth Mkm upped their price objective on shares of Vicor from $285.00 to $375.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. One equities 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, the company presently has a consensus rating of “Buy” and an average target price of $408.33.

More Vicor News

Here are the key news stories impacting Vicor this week:

• Neutral Sentiment: CEO Patrizio Vinciarelli sold 20,000 shares on June 30, following earlier June sales, adding to investor focus on persistent insider selling. Patrizio Vinciarelli insider trade details
• Positive Sentiment: Vicor recently lifted second-quarter revenue guidance, citing stronger product revenue and additional royalty income, which supports the company’s growth outlook. Vicor slides as investors digest insider selling despite strong recent guidance
• Positive Sentiment: The company’s Q1 results were solid, with revenue of $113.0 million, EPS of $0.44, and backlog up 75% year over year, reinforcing the idea that the business itself remains healthy. Vicor slides as investors digest insider selling despite strong recent guidance
• Negative Sentiment: Recent SEC filings show continued CEO share sales under a Rule 10b5-1 plan, which may be weighing on sentiment as traders interpret the activity as ongoing supply overhang. Vicor insider selling and guidance article

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.