Vicor (NASDAQ:VICR) CFO Sells $765,914.40 in Stock

Vicor Corporation (NASDAQ:VICR) CFO James Schmidt sold 2,124 shares of the stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $360.60, for a total value of $765,914.40. Following the completion of the transaction, the chief financial officer owned 1,216 shares in the company, valued at $438,489.60. The trade was a 63.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Vicor Trading Up 2.9%

Shares of NASDAQ VICR opened at $331.59 on Friday. Vicor Corporation has a 1 year low of $41.76 and a 1 year high of $369.40. The firm’s 50-day moving average is $287.59 and its 200-day moving average is $200.40. The firm has a market capitalization of $15.11 billion, a PE ratio of 110.90 and a beta of 2.36.

Vicor (NASDAQ:VICR) last released 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. The business had revenue of $112.97 million during the quarter, compared to the consensus estimate of $109.05 million. Vicor had a return on equity of 20.21% and a net margin of 28.98%.The firm’s revenue was up 20.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.06 earnings per share. As a group, equities research analysts anticipate that Vicor Corporation will post 2.94 earnings per share for the current fiscal year.

Institutional Trading of Vicor

A number of institutional investors have recently made changes to their positions in VICR. Federated Hermes Inc. acquired a new position in Vicor during the fourth quarter worth $27,000. Harbour Investments Inc. acquired a new stake in Vicor in the 4th quarter valued at $32,000. Allworth Financial LP lifted its position in Vicor by 960.0% during the 4th quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock worth $35,000 after buying an additional 288 shares in the last quarter. NBC Securities Inc. bought a new stake in Vicor during the 4th quarter worth about $36,000. Finally, SBI Securities Co. Ltd. lifted its position in Vicor by 32,400.0% during the 4th quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker’s stock worth $36,000 after buying an additional 324 shares in the last quarter. Institutional investors own 47.45% of the company’s stock.

Trending Headlines about Vicor

Here are the key news stories impacting Vicor this week:

• Positive Sentiment: Analysts remain constructive on Vicor, with Craig Hallum, Needham, and Roth Mkm all raising price targets and keeping buy ratings. The stock still carries a consensus Buy rating, which supports the recent strength in shares.
• Positive Sentiment: Vicor’s last quarterly report showed solid execution, with EPS and revenue both beating expectations and revenue rising 20.2% year over year. That strong operating trend helps explain why the stock has been trading near its high end. Article Title
• Neutral Sentiment: Short-interest data showed no material change, with reported short interest still at 0 shares. This appears to be a non-event for investors. Article Title

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Vicor in a research report on Monday, June 1st. Craig Hallum increased their target price on Vicor to $450.00 and gave the stock a “buy” rating in a report on Monday. Wall Street Zen downgraded Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Roth Mkm boosted their price target on Vicor from $285.00 to $375.00 and gave the company a “buy” rating in a report on Monday. Finally, Needham & Company LLC boosted their price target on Vicor to $400.00 and gave the company a “buy” rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $408.33.

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.