Vicor (NASDAQ:VICR) CFO James Schmidt Sells 7,453 Shares

Vicor Corporation (NASDAQ:VICR) CFO James Schmidt sold 7,453 shares of Vicor stock in a transaction that occurred on Thursday, October 23rd. The shares were sold at an average price of $91.75, for a total transaction of $683,812.75. Following the transaction, the chief financial officer directly owned 875 shares in the company, valued at $80,281.25. This represents a 89.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Vicor Price Performance

Shares of NASDAQ:VICR opened at $90.00 on Tuesday. Vicor Corporation has a 1-year low of $38.92 and a 1-year high of $96.58. The firm’s 50 day simple moving average is $54.84 and its two-hundred day simple moving average is $48.70. The company has a market capitalization of $4.04 billion, a P/E ratio of 49.18 and a beta of 1.73.

Vicor (NASDAQ:VICR) last released its earnings results on Tuesday, October 21st. The electronics maker reported $0.63 EPS for the quarter, topping the consensus estimate of $0.20 by $0.43. Vicor had a net margin of 18.63% and a return on equity of 13.77%. The firm had revenue of $110.42 million for the quarter, compared to the consensus estimate of $95.40 million. During the same quarter in the previous year, the firm earned $0.26 earnings per share. The company’s quarterly revenue was up 18.5% compared to the same quarter last year.

Institutional Trading of Vicor

Large investors have recently made changes to their positions in the business. Cubist Systematic Strategies LLC bought a new stake in shares of Vicor in the 1st quarter worth about $1,160,000. Principal Financial Group Inc. increased its holdings in shares of Vicor by 2.5% in the 1st quarter. Principal Financial Group Inc. now owns 114,891 shares of the electronics maker’s stock worth $5,375,000 after buying an additional 2,766 shares during the last quarter. Nuveen LLC bought a new stake in shares of Vicor in the 1st quarter worth about $8,024,000. Jacobs Levy Equity Management Inc. increased its holdings in shares of Vicor by 19.8% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 32,706 shares of the electronics maker’s stock worth $1,530,000 after buying an additional 5,408 shares during the last quarter. Finally, KBC Group NV bought a new position in Vicor during the first quarter valued at $57,000. 47.45% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Wall Street Zen raised shares of Vicor from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Needham & Company LLC set a $90.00 target price on shares of Vicor and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Vicor in a report on Wednesday, October 8th. Finally, Craig Hallum raised shares of Vicor from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a report on Wednesday, October 22nd. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $90.00.

Vicor Company Profile

Vicor Corporation, together with its subsidiaries, designs, develops, manufactures, and markets modular power components and power systems for converting electrical power in the United States, Europe, the Asia Pacific, and internationally. The company offers a range of brick-format DC-DC converters; complementary components provide AC line rectification, input filtering, power factor correction, and transient protection; and input and output voltage, and output power products, as well as electrical and mechanical accessories.