Andrew D’amico Sells 800 Shares of Vicor (NASDAQ:VICR) Stock

Vicor Corporation (NASDAQ:VICR) Director Andrew D’amico sold 800 shares of Vicor stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $315.35, for a total transaction of $252,280.00. Following the transaction, the director owned 800 shares of the company’s stock, valued at approximately $252,280. The trade was a 50.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Andrew D’amico also recently made the following trade(s):

• On Wednesday, May 13th, Andrew D’amico sold 1,200 shares of Vicor stock. The shares were sold at an average price of $312.31, for a total transaction of $374,772.00.
• On Tuesday, May 12th, Andrew D’amico sold 565 shares of Vicor stock. The stock was sold at an average price of $303.03, for a total transaction of $171,211.95.
• On Monday, May 4th, Andrew D’amico sold 7,512 shares of Vicor stock. The stock was sold at an average price of $252.89, for a total value of $1,899,709.68.
• On Monday, April 27th, Andrew D’amico sold 800 shares of Vicor stock. The shares were sold at an average price of $277.00, for a total value of $221,600.00.

Vicor Stock Performance

Shares of NASDAQ:VICR opened at $273.67 on Friday. The business’s fifty day moving average price is $209.50 and its two-hundred day moving average price is $155.56. The stock has a market cap of $12.47 billion, a PE ratio of 91.53 and a beta of 2.33. Vicor Corporation has a one year low of $40.54 and a one year high of $316.82.

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

Vicor News Roundup

Here are the key news stories impacting Vicor this week:

• Positive Sentiment: Vicor’s recent earnings report was strong, with EPS of $0.44 beating estimates and revenue of $112.97 million topping forecasts, while revenue grew 20.2% year over year. That kind of results-driven strength has helped support investor enthusiasm for the stock. Jim Cramer on Vicor: “If You Don’t Own It, Please Be Patient”
• Positive Sentiment: Analysts have remained generally constructive, with recent price-target increases and multiple Buy/Strong Buy ratings suggesting expectations for continued growth in Vicor’s power-systems business.
• Neutral Sentiment: Vicor remains a popular stock with institutional investors, and hedge-fund ownership has been expanding, which can help reinforce confidence in the long-term story.
• Negative Sentiment: Multiple recent insider sales by Director Andrew D’Amico, including several transactions over the past few days, may be weighing on shares because investors often view heavy insider selling as a caution signal. Andrew D’amico insider trades

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Vicor

A number of large investors have recently modified their holdings of VICR. Federated Hermes Inc. purchased a new position in shares of Vicor in the 4th quarter worth about $27,000. Nisa Investment Advisors LLC raised its stake in shares of Vicor by 53.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker’s stock valued at $30,000 after acquiring an additional 210 shares during the period. Harbour Investments Inc. acquired a new position in shares of Vicor during the 4th quarter valued at $32,000. Allworth Financial LP lifted its holdings in shares of Vicor by 960.0% during 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 in the last quarter. Finally, NBC Securities Inc. acquired a new position in shares of Vicor during the 4th quarter valued at $36,000. 47.45% of the stock is currently owned by hedge funds and other institutional investors.

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.