Vicor (NASDAQ:VICR) CFO Sells $331,680.00 in Stock

Vicor Corporation (NASDAQ:VICR) CFO James Schmidt sold 1,000 shares of the stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $331.68, for a total value of $331,680.00. Following the transaction, the chief financial officer directly owned 1,000 shares in the company, valued at approximately $331,680. This represents a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Vicor Trading Down 7.8%

Shares of NASDAQ VICR opened at $350.21 on Thursday. The company has a market capitalization of $15.96 billion, a price-to-earnings ratio of 117.13 and a beta of 2.32. Vicor Corporation has a twelve month low of $41.76 and a twelve month high of $382.65. The business has a 50 day simple moving average of $299.26 and a 200-day simple moving average of $207.61.

Vicor (NASDAQ:VICR) last announced its quarterly earnings data on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $109.05 million. During the same period last year, the business posted $0.06 earnings per share. The firm’s revenue for the quarter was up 20.2% on a year-over-year basis. As a group, equities analysts predict that Vicor Corporation will post 2.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on VICR. Needham & Company LLC boosted their price objective on shares of Vicor to $400.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Wall Street Zen cut shares of Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Weiss Ratings reissued a “hold (c+)” rating on shares of Vicor in a report on Monday, June 1st. Roth Mkm upped their price objective on Vicor from $285.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Finally, Craig Hallum increased their target price on Vicor to $450.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $408.33.

Trending Headlines about Vicor

Here are the key news stories impacting Vicor this week:

• Neutral Sentiment: CEO Patrizio Vinciarelli sold 20,000 shares on June 30, following earlier June sales, adding to investor focus on persistent insider selling. Patrizio Vinciarelli insider trade details
• Positive Sentiment: Vicor recently lifted second-quarter revenue guidance, citing stronger product revenue and additional royalty income, which supports the company’s growth outlook. Vicor slides as investors digest insider selling despite strong recent guidance
• Positive Sentiment: The company’s Q1 results were solid, with revenue of $113.0 million, EPS of $0.44, and backlog up 75% year over year, reinforcing the idea that the business itself remains healthy. Vicor slides as investors digest insider selling despite strong recent guidance
• Negative Sentiment: Recent SEC filings show continued CEO share sales under a Rule 10b5-1 plan, which may be weighing on sentiment as traders interpret the activity as ongoing supply overhang. Vicor insider selling and guidance article

Institutional Investors Weigh In On Vicor

Hedge funds have recently made changes to their positions in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Vicor by 1.2% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,692 shares of the electronics maker’s stock worth $916,000 after buying an additional 68 shares in the last quarter. ProShare Advisors LLC lifted its holdings in Vicor by 1.7% in the fourth quarter. ProShare Advisors LLC now owns 4,469 shares of the electronics maker’s stock worth $490,000 after purchasing an additional 74 shares during the period. Bouvel Investment Partners LLC lifted its holdings in Vicor by 0.4% in the fourth quarter. Bouvel Investment Partners LLC now owns 24,183 shares of the electronics maker’s stock worth $2,650,000 after purchasing an additional 85 shares during the period. Oregon Public Employees Retirement Fund grew its position in Vicor by 1.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,238 shares of the electronics maker’s stock valued at $574,000 after buying an additional 90 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in Vicor by 28.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 465 shares of the electronics maker’s stock valued at $75,000 after buying an additional 103 shares in the last quarter. 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.