Insider Selling: Vicor (NASDAQ:VICR) Director Sells $1,899,709.68 in Stock

Vicor Corporation (NASDAQ:VICR) Director Andrew D’amico sold 7,512 shares of the business’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $252.89, for a total transaction of $1,899,709.68. Following the completion of the sale, the director owned 4,596 shares of the company’s stock, valued at $1,162,282.44. The trade was a 62.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 transaction of $221,600.00.

Vicor Trading Down 6.8%

Shares of Vicor stock opened at $261.34 on Friday. The stock has a market capitalization of $11.86 billion, a price-to-earnings ratio of 87.40 and a beta of 2.33. Vicor Corporation has a 1-year low of $40.54 and a 1-year high of $293.95. The firm has a fifty day simple moving average of $199.16 and a 200-day simple moving average of $147.20.

Vicor (NASDAQ:VICR) last released its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 EPS for the quarter, beating the consensus estimate of $0.40 by $0.04. The firm had revenue of $112.97 million during the quarter, compared to analysts’ expectations of $109.05 million. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The business’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.06 EPS. As a group, research analysts predict that Vicor Corporation will post 2.71 earnings per share for the current year.

Hedge Funds Weigh In On Vicor

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Vicor by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 2,534,534 shares of the electronics maker’s stock valued at $277,785,000 after buying an additional 60,963 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Vicor by 4.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 578,515 shares of the electronics maker’s stock valued at $28,759,000 after buying an additional 25,393 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Vicor by 1,542.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 439,820 shares of the electronics maker’s stock valued at $48,205,000 after buying an additional 413,038 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Vicor by 3,918.9% in the 4th quarter. The Manufacturers Life Insurance Company now owns 432,189 shares of the electronics maker’s stock valued at $47,368,000 after buying an additional 421,435 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Vicor by 39.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 374,088 shares of the electronics maker’s stock valued at $41,000,000 after buying an additional 106,206 shares in the last quarter. Institutional investors and hedge funds own 47.45% of the company’s stock.

Analysts Set New Price Targets

VICR has been the subject of several research analyst reports. Wall Street Zen cut shares of Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Needham & Company LLC upped their target price on shares of Vicor from $180.00 to $260.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Zacks Research upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Vicor in a research note on Wednesday, January 21st. Finally, Roth Mkm restated a “buy” rating and issued a $245.00 price objective on shares of Vicor in a research note on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Vicor presently has an average rating of “Buy” and a consensus target price of $198.33.

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.