James Schmidt Sells 875 Shares of Vicor (NASDAQ:VICR) Stock

Vicor Corporation (NASDAQ:VICR) CFO James Schmidt sold 875 shares of the firm’s stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $91.92, for a total transaction of $80,430.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Vicor Stock Down 6.2%

NASDAQ:VICR opened at $167.81 on Friday. The company’s 50 day moving average is $162.65 and its 200-day moving average is $106.03. The firm has a market cap of $7.49 billion, a price-to-earnings ratio of 64.30 and a beta of 1.84. Vicor Corporation has a 12 month low of $38.92 and a 12 month high of $209.53.

Vicor (NASDAQ:VICR) last posted its quarterly earnings results on Thursday, February 19th. The electronics maker reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.63. Vicor had a net margin of 26.19% and a return on equity of 18.73%. The firm had revenue of $362.70 million for the quarter, compared to analysts’ expectations of $107.78 million. During the same period in the prior year, the business posted $0.23 earnings per share. The business’s revenue for the quarter was up 11.5% on a year-over-year basis.

Analyst Upgrades and Downgrades

VICR has been the topic of several research reports. Roth Mkm reissued a “buy” rating and set a $175.00 price objective on shares of Vicor in a research note on Thursday, January 22nd. Zacks Research raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Vicor in a report on Wednesday, January 21st. Finally, Wall Street Zen cut Vicor from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 23rd. 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. According to data from MarketBeat, Vicor presently has a consensus rating of “Buy” and an average target price of $118.33.

Hedge Funds Weigh In On Vicor

Several hedge funds and other institutional investors have recently modified their holdings of VICR. Federated Hermes Inc. acquired a new stake in Vicor in the fourth quarter valued at $27,000. Nisa Investment Advisors LLC grew its stake in shares of Vicor by 53.4% in the third quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker’s stock worth $30,000 after acquiring an additional 210 shares during the last quarter. Harbour Investments Inc. bought a new position in shares of Vicor in the fourth quarter valued at about $32,000. Allworth Financial LP boosted its stake in Vicor by 960.0% in the 4th 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 period. Finally, NBC Securities Inc. purchased a new stake in Vicor in the 4th quarter worth approximately $36,000. 47.45% of the stock is owned by institutional investors and hedge funds.

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.