Vicor (NASDAQ:VICR) Shares Down 9.5% Following Insider Selling

Vicor Corporation (NASDAQ:VICR) shares fell 9.5% during trading on Monday following insider selling activity. The stock traded as low as $248.60 and last traded at $247.7980. 336,359 shares traded hands during trading, a decline of 59% from the average session volume of 829,989 shares. The stock had previously closed at $273.67.

Specifically, Director Andrew D’amico sold 800 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $315.35, for a total transaction of $252,280.00. Following the transaction, the director directly owned 800 shares of the company’s stock, valued at approximately $252,280. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Andrew D’amico sold 1,200 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $312.31, for a total transaction of $374,772.00. Following the completion of the sale, the director directly owned 1,200 shares of the company’s stock, valued at $374,772. This represents a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In other Vicor news, VP Alvaro Doyle sold 4,041 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $286.91, for a total value of $1,159,403.31. Following the completion of the sale, the vice president directly owned 42 shares of the company’s stock, valued at $12,050.22. The trade was a 98.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Analysts Set New Price Targets

Several research firms have commented on VICR. Needham & Company LLC boosted their target price on shares of Vicor from $180.00 to $260.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Zacks Research raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Wall Street Zen downgraded shares of Vicor from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Weiss Ratings reissued a “hold (c)” rating on shares of Vicor in a research report on Wednesday, January 21st. Finally, Roth Mkm reissued a “buy” rating and set a $245.00 target price on shares of Vicor in a research report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $198.33.

Vicor Trading Down 9.1%

The company’s fifty day moving average is $209.50 and its 200-day moving average is $156.02. The firm has a market capitalization of $11.33 billion, a P/E ratio of 82.82 and a beta of 2.33.

Vicor (NASDAQ:VICR) last released its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 EPS for the quarter, beating the consensus estimate of $0.40 by $0.04. The firm had revenue of $112.97 million during the quarter, compared to analysts’ expectations of $109.05 million. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The business’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.06 EPS. On average, equities research analysts anticipate that Vicor Corporation will post 2.71 EPS for the current year.

Hedge Funds Weigh In On Vicor

Large investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company lifted its stake in shares of Vicor by 3,918.9% in the fourth quarter. The Manufacturers Life Insurance Company now owns 432,189 shares of the electronics maker’s stock valued at $47,368,000 after buying an additional 421,435 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Vicor by 1,542.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 439,820 shares of the electronics maker’s stock valued at $48,205,000 after buying an additional 413,038 shares during the period. Millennium Management LLC lifted its stake in shares of Vicor by 4,634.5% in the first quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock valued at $12,379,000 after buying an additional 259,022 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of Vicor by 1,921.4% in the third quarter. Arrowstreet Capital Limited Partnership now owns 267,882 shares of the electronics maker’s stock valued at $13,319,000 after buying an additional 254,630 shares during the period. Finally, CIBC Bancorp USA Inc. bought a new stake in shares of Vicor in the third quarter valued at about $12,625,000. 47.45% of the stock is currently 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.