Vicor (NASDAQ:VICR) CFO James Schmidt Sells 5,000 Shares

Vicor Corporation (NASDAQ:VICR) CFO James Schmidt sold 5,000 shares of the stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $110.00, for a total transaction of $550,000.00. Following the sale, the chief financial officer directly owned 875 shares of the company’s stock, valued at $96,250. The trade was a 85.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Vicor Price Performance

NASDAQ VICR traded down $2.86 on Tuesday, hitting $108.16. The stock had a trading volume of 281,017 shares, compared to its average volume of 337,495. The business’s fifty day moving average price is $88.32 and its 200 day moving average price is $62.33. The stock has a market cap of $4.83 billion, a price-to-earnings ratio of 59.10 and a beta of 1.94. Vicor Corporation has a 52-week low of $38.92 and a 52-week high of $112.31.

Vicor (NASDAQ:VICR) last posted its quarterly earnings data on Tuesday, October 21st. The electronics maker reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.43. Vicor had a return on equity of 13.77% and a net margin of 18.63%.The firm had revenue of $110.42 million during the quarter, compared to analysts’ expectations of $95.40 million. During the same quarter last year, the firm earned $0.26 EPS. The business’s quarterly revenue was up 18.5% on a year-over-year basis.

Analyst Ratings Changes

Several research firms have recently issued reports on VICR. Roth Capital started coverage on shares of Vicor in a report on Tuesday, December 16th. They set a “buy” rating and a $115.00 price objective on the stock. Zacks Research raised shares of Vicor to a “hold” rating in a research report on Tuesday, December 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vicor in a report on Wednesday, October 8th. Wall Street Zen downgraded shares of Vicor from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 23rd. Finally, Needham & Company LLC set a $90.00 price objective on shares of Vicor and gave the company a “buy” rating in a report on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $98.33.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Nisa Investment Advisors LLC lifted 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 during the period. PNC Financial Services Group Inc. raised its stake in shares of Vicor by 13.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,129 shares of the electronics maker’s stock valued at $56,000 after buying an additional 136 shares during the last quarter. Strs Ohio purchased a new position in shares of Vicor during the 1st quarter valued at about $56,000. iSAM Funds UK Ltd acquired a new position in shares of Vicor in the 3rd quarter valued at about $79,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Vicor by 993.1% in the second quarter. Tower Research Capital LLC TRC now owns 3,782 shares of the electronics maker’s stock worth $172,000 after buying an additional 3,436 shares during 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.