Vicor Sees Unusually High Options Volume (NASDAQ:VICR)

Vicor Corporation (NASDAQ:VICR) saw unusually large options trading on Monday. Traders acquired 2,003 call options on the stock. This is an increase of 128% compared to the average daily volume of 878 call options.

Analyst Upgrades and Downgrades

VICR has been the subject of a number of analyst reports. Zacks Research raised shares of Vicor to a “hold” rating in a research report on Tuesday, December 16th. Roth Mkm reiterated a “buy” rating and set a $175.00 price target on shares of Vicor in a report on Thursday, January 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Vicor in a research note on Wednesday, January 21st. Finally, Wall Street Zen cut Vicor from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 23rd. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Vicor has a consensus rating of “Moderate Buy” and a consensus target price of $118.33.

Vicor Price Performance

NASDAQ VICR traded up $7.68 on Monday, reaching $177.69. The stock had a trading volume of 319,064 shares, compared to its average volume of 651,441. The company has a market cap of $7.93 billion, a P/E ratio of 68.08 and a beta of 1.90. The firm has a fifty day moving average of $139.90 and a two-hundred day moving average of $93.11. Vicor has a 1-year low of $38.92 and a 1-year high of $186.28.

Vicor (NASDAQ:VICR) last announced its earnings results on Thursday, February 19th. The electronics maker reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.63. Vicor had a net margin of 26.19% and a return on equity of 18.73%. The company had revenue of $107.26 million during the quarter, compared to analysts’ expectations of $107.78 million. During the same quarter in the previous year, the business posted $0.23 earnings per share. Vicor’s quarterly revenue was up 11.5% on a year-over-year basis.

Insider Buying and Selling

In related news, CEO Patrizio Vinciarelli sold 20,000 shares of the stock in a transaction on Friday, December 19th. The shares were sold at an average price of $103.02, for a total transaction of $2,060,400.00. Following the completion of the transaction, the chief executive officer owned 9,808,363 shares in the company, valued at approximately $1,010,457,556.26. This represents a 0.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO James F. Schmidt sold 5,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief financial officer directly owned 875 shares of the company’s stock, valued at approximately $96,250. This trade represents a 85.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 126,735 shares of company stock worth $13,607,975. 31.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Vicor

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Federated Hermes Inc. acquired a new stake in Vicor during the fourth quarter worth approximately $27,000. Nisa Investment Advisors LLC grew its holdings in shares of Vicor by 53.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker’s stock worth $30,000 after purchasing an additional 210 shares in the last quarter. Harbour Investments Inc. bought a new position in shares of Vicor in the fourth quarter worth $32,000. Allworth Financial LP increased its position in shares of Vicor by 960.0% in the fourth quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock worth $35,000 after purchasing an additional 288 shares during the period. Finally, NBC Securities Inc. acquired a new position in Vicor in the fourth quarter valued at about $36,000. 47.45% of the stock is currently owned by institutional investors and hedge funds.

About Vicor

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.