Vicor (NASDAQ:VICR) Shares Gap Down Following Insider Selling

Vicor Corporation (NASDAQ:VICR) gapped down prior to trading on Friday after an insider sold shares in the company. The stock had previously closed at $290.54, but opened at $266.66. Vicor shares last traded at $272.1840, with a volume of 177,547 shares changing hands.

Specifically, Director Andrew D’amico sold 1,200 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $312.31, for a total transaction of $374,772.00. Following the sale, the director owned 1,200 shares of the company’s stock, valued at $374,772. The trade was a 50.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Alvaro Doyle sold 4,041 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $286.91, for a total value of $1,159,403.31. Following the completion of the transaction, the vice president directly owned 42 shares of the company’s stock, valued at $12,050.22. The trade was a 98.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In related news, Director Andrew D’amico sold 565 shares of Vicor stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $303.03, for a total transaction of $171,211.95. Following the completion of the transaction, the director directly owned 565 shares of the company’s stock, valued at approximately $171,211.95. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analyst Ratings Changes

Several research firms have weighed in on VICR. Weiss Ratings reissued a “hold (c)” rating on shares of Vicor in a report on Wednesday, January 21st. Wall Street Zen downgraded Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Needham & Company LLC increased their price objective 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 report on Monday, February 23rd. Finally, Roth Mkm restated a “buy” rating and set a $245.00 target price on shares of Vicor in a research report on Monday, April 20th. 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 stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $198.33.

Vicor Trading Down 4.8%

The business has a 50 day simple moving average of $208.09 and a two-hundred day simple moving average of $154.73. The company has a market cap of $12.60 billion, a PE ratio of 93.04 and a beta of 2.33.

Vicor (NASDAQ:VICR) last announced its quarterly earnings data on Tuesday, April 21st. The electronics maker reported $0.44 EPS for the quarter, beating analysts’ consensus estimates 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 business earned $0.06 earnings per share. The business’s revenue for the quarter was up 20.2% on a year-over-year basis. On average, equities research analysts expect that Vicor Corporation will post 2.71 earnings per share for the current fiscal year.

Institutional Trading of Vicor

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Federated Hermes Inc. purchased a new position in shares of Vicor during the 4th quarter worth about $27,000. Nisa Investment Advisors LLC grew its holdings in Vicor by 53.4% in 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. Harbour Investments Inc. purchased a new stake in Vicor in the fourth quarter valued at approximately $32,000. Allworth Financial LP increased its position in Vicor by 960.0% during 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 last quarter. Finally, NBC Securities Inc. purchased a new position in Vicor during the fourth quarter worth approximately $36,000. Hedge funds and other institutional investors own 47.45% of the company’s stock.

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.