Insider Selling: Vicor (NASDAQ:VICR) Director Sells $67,364.00 in Stock

Vicor Corporation (NASDAQ:VICR) Director Andrew D’amico sold 200 shares of Vicor stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $336.82, for a total value of $67,364.00. Following the transaction, the director owned 200 shares of the company’s stock, valued at $67,364. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Friday, June 26th, Andrew D’amico sold 331 shares of Vicor stock. The stock was sold at an average price of $319.53, for a total value of $105,764.43.
• On Tuesday, June 23rd, Andrew D’amico sold 754 shares of Vicor stock. The shares were sold at an average price of $330.00, for a total transaction of $248,820.00.
• On Monday, June 22nd, Andrew D’amico sold 1,216 shares of Vicor stock. The stock was sold at an average price of $360.77, for a total transaction of $438,696.32.
• On Thursday, May 14th, Andrew D’amico sold 800 shares of Vicor stock. The stock was sold at an average price of $315.35, for a total transaction of $252,280.00.
• 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 shares were sold at an average price of $303.03, for a total value 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 transaction of $221,600.00.

Vicor Stock Up 10.3%

NASDAQ VICR traded up $33.80 during trading hours on Monday, reaching $360.73. 539,022 shares of the company were exchanged, compared to its average volume of 842,791. Vicor Corporation has a 1 year low of $41.76 and a 1 year high of $369.40. The business’s 50 day simple moving average is $290.25 and its 200-day simple moving average is $202.01. The stock has a market capitalization of $16.44 billion, a P/E ratio of 120.00 and a beta of 2.36.

Vicor (NASDAQ:VICR) last announced its quarterly earnings data on Tuesday, April 21st. The electronics maker reported $0.44 EPS for the quarter, topping the consensus estimate of $0.40 by $0.04. The business had revenue of $112.97 million for the quarter, compared to analyst estimates of $109.05 million. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The company’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.06 earnings per share. As a group, sell-side analysts anticipate that Vicor Corporation will post 2.94 earnings per share for the current year.

Institutional Investors Weigh In On Vicor

Institutional investors and hedge funds have recently made changes to their positions in the business. Federated Hermes Inc. bought a new stake in Vicor during the fourth quarter valued at $27,000. Harbour Investments Inc. bought a new position in Vicor in the 4th quarter worth about $32,000. Allworth Financial LP raised 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 acquiring an additional 288 shares in the last quarter. NBC Securities Inc. purchased a new stake in shares of Vicor in the 4th quarter valued at about $36,000. Finally, SBI Securities Co. Ltd. boosted its position in shares of Vicor by 32,400.0% during 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 last quarter. Hedge funds and other institutional investors own 47.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on VICR shares. Wall Street Zen downgraded shares of Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Weiss Ratings reissued a “hold (c+)” rating on shares of Vicor in a research report on Monday, June 1st. Craig Hallum upped their price target on shares of Vicor to $450.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Roth Mkm raised their price objective on shares of Vicor from $285.00 to $375.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Finally, Needham & Company LLC lifted their price objective on shares of Vicor to $400.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. One 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 company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $408.33.

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.