Insider Selling: Vicor (NASDAQ:VICR) VP Sells 2,500 Shares of Stock

Vicor Corporation (NASDAQ:VICR) VP Sean Crilly sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $282.52, for a total value of $706,300.00. Following the completion of the sale, the vice president directly owned 7,229 shares in the company, valued at approximately $2,042,337.08. The trade was a 25.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Vicor Stock Performance

VICR stock traded up $3.93 on Monday, reaching $274.97. The company had a trading volume of 725,779 shares, compared to its average volume of 829,686. Vicor Corporation has a 1 year low of $41.76 and a 1 year high of $361.89. The company’s fifty day moving average is $245.67 and its 200 day moving average is $178.04. The company has a market cap of $12.53 billion, a P/E ratio of 91.96 and a beta of 2.36.

Vicor (NASDAQ:VICR) last posted its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share (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 firm had revenue of $112.97 million for the quarter, compared to analyst estimates of $109.05 million. During the same quarter in the prior year, the company earned $0.06 EPS. Vicor’s revenue was up 20.2% on a year-over-year basis. On average, sell-side analysts predict that Vicor Corporation will post 2.71 earnings per share for the current year.

Institutional Trading of Vicor

Institutional investors and hedge funds have recently made changes to their positions in the company. Federated Hermes Inc. acquired a new stake in shares of Vicor during the 4th quarter worth $27,000. Blue Trust Inc. increased its holdings in Vicor by 1,814.3% in the 1st quarter. Blue Trust Inc. now owns 268 shares of the electronics maker’s stock valued at $43,000 after purchasing an additional 254 shares in the last quarter. ROSS JOHNSON & Associates LLC increased its holdings in Vicor by 13,750.0% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 277 shares of the electronics maker’s stock valued at $45,000 after purchasing an additional 275 shares in the last quarter. Harbour Investments Inc. acquired a new stake in Vicor in the 4th quarter valued at $32,000. Finally, Meeder Asset Management Inc. increased its holdings in Vicor by 189.4% in the 1st quarter. Meeder Asset Management Inc. now owns 301 shares of the electronics maker’s stock valued at $48,000 after purchasing an additional 197 shares in the last quarter. 47.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on VICR shares. Zacks Research raised Vicor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Needham & Company LLC increased their price target on Vicor from $260.00 to $350.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Wall Street Zen lowered Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Weiss Ratings reissued a “hold (c+)” rating on shares of Vicor in a research note on Monday, June 1st. Finally, Roth Mkm reissued a “buy” rating and set a $245.00 price target 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 issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $228.33.

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.