Insider Selling: Vicor (NASDAQ:VICR) VP Sells $1,508,430.00 in Stock

Vicor Corporation (NASDAQ:VICR) VP Robert Gendron sold 4,571 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $330.00, for a total transaction of $1,508,430.00. Following the completion of the sale, the vice president owned 577 shares of the company’s stock, valued at $190,410. The trade was a 88.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Vicor Trading Down 2.1%

VICR opened at $334.84 on Friday. The stock has a market capitalization of $15.26 billion, a PE ratio of 111.99 and a beta of 2.33. Vicor Corporation has a 1-year low of $41.76 and a 1-year high of $361.89. The firm has a 50-day moving average price of $232.17 and a two-hundred day moving average price of $169.62.

Vicor (NASDAQ:VICR) last posted its quarterly earnings data on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share 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 company’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.06 EPS. On average, research analysts predict that Vicor Corporation will post 2.71 EPS for the current year.

Analysts Set New Price Targets

VICR has been the subject of several research reports. Roth Mkm restated a “buy” rating and issued a $245.00 price objective on shares of Vicor in a research report on Monday, April 20th. Wall Street Zen downgraded shares of Vicor from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Needham & Company LLC upped their target price on shares of Vicor from $260.00 to $350.00 and gave the company a “buy” rating in a research report on Tuesday. 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 issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $228.33.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in VICR. Federated Hermes Inc. acquired a new position in Vicor during the 4th quarter valued at about $27,000. Harbour Investments Inc. acquired a new stake in shares of Vicor in the 4th quarter valued at approximately $32,000. Allworth Financial LP raised its position 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 acquiring an additional 288 shares during the period. NBC Securities Inc. acquired a new stake in shares of Vicor in the 4th quarter valued at approximately $36,000. Finally, SBI Securities Co. Ltd. raised its position in shares of Vicor by 32,400.0% in the 4th quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker’s stock valued at $36,000 after acquiring an additional 324 shares during the period. 47.45% of the stock is currently owned by institutional investors and hedge funds.

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.