Insider Selling: Vicor (NASDAQ:VICR) CAO Sells $1,502,674.77 in Stock

Vicor Corporation (NASDAQ:VICR) CAO Quentin Fendelet sold 5,059 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $297.03, for a total transaction of $1,502,674.77. Following the transaction, the chief accounting officer directly owned 4,963 shares of the company’s stock, valued at approximately $1,474,159.89. This trade represents a 50.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Vicor Price Performance

Shares of VICR opened at $290.54 on Friday. The firm has a 50 day simple moving average of $208.09 and a 200-day simple moving average of $154.73. Vicor Corporation has a 1-year low of $40.54 and a 1-year high of $316.82. The stock has a market cap of $13.24 billion, a price-to-earnings ratio of 97.17 and a beta of 2.33.

Vicor (NASDAQ:VICR) last issued its quarterly earnings data on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The business had revenue of $112.97 million during the quarter, compared to analysts’ expectations of $109.05 million. During the same period last year, the company posted $0.06 EPS. The company’s revenue was up 20.2% on a year-over-year basis. On average, equities analysts expect that Vicor Corporation will post 2.71 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on VICR shares. Needham & Company LLC raised their price objective on shares of Vicor from $180.00 to $260.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Weiss Ratings restated a “hold (c)” rating on shares of Vicor in a research report on Wednesday, January 21st. 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. Wall Street Zen lowered shares of Vicor from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Finally, Zacks Research upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. One research 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 company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $198.33.

Institutional Trading of Vicor

A number of hedge funds have recently bought and sold shares of VICR. Federated Hermes Inc. acquired a new stake in Vicor during the fourth quarter worth approximately $27,000. Nisa Investment Advisors LLC boosted its position in Vicor by 53.4% during 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. acquired a new position in shares of Vicor in the 4th quarter valued at $32,000. Allworth Financial LP boosted its holdings in shares of Vicor by 960.0% in the 4th quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock valued at $35,000 after purchasing an additional 288 shares during the last quarter. Finally, NBC Securities Inc. acquired a new position in shares of Vicor in the 4th quarter valued at $36,000. Institutional investors and hedge funds own 47.45% of the company’s stock.

Key Stories Impacting Vicor

Here are the key news stories impacting Vicor this week:

• Positive Sentiment: Vicor’s latest earnings report beat expectations, with EPS of $0.44 versus $0.40 expected and revenue of $112.97 million topping estimates, while sales rose 20.2% year over year. Vicor earnings and stock overview
• Positive Sentiment: Recent coverage highlighted record AI data-center demand as a key growth driver for Vicor, supporting the rally and keeping investors focused on upside tied to power-efficient computing hardware. Vicor record data-center demand article
• Neutral Sentiment: Jim Cramer commented on Vicor, saying investors who do not already own it should be patient, adding to the stock’s visibility but not changing the fundamental picture. Jim Cramer on Vicor
• Negative Sentiment: Several insiders sold shares over the past few days, including Director Andrew D’amico and VP Kemble Morrison, which can create near-term caution after a sharp run-up. Vicor insider selling

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.