James Schmidt Sells 1,000 Shares of Vicor (NASDAQ:VICR) Stock

Vicor Corporation (NASDAQ:VICR) CFO James Schmidt sold 1,000 shares of Vicor stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $331.68, for a total transaction of $331,680.00. Following the transaction, the chief financial officer directly owned 1,000 shares of the company’s stock, valued at approximately $331,680. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Vicor Trading Up 12.5%

VICR traded up $40.76 during midday trading on Monday, reaching $367.69. The company’s stock had a trading volume of 737,413 shares, compared to its average volume of 844,283. The firm has a market capitalization of $16.76 billion, a price-to-earnings ratio of 123.28 and a beta of 2.36. Vicor Corporation has a 1 year low of $41.76 and a 1 year high of $370.00. The stock’s 50-day moving average is $290.25 and its 200-day moving average is $202.01.

Vicor (NASDAQ:VICR) last announced its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The business had revenue of $112.97 million during the quarter, compared to the consensus estimate of $109.05 million. During the same quarter last year, the firm earned $0.06 earnings per share. The business’s revenue for the quarter was up 20.2% on a year-over-year basis. As a group, equities research analysts forecast that Vicor Corporation will post 2.94 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Vicor

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Vicor by 1.2% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,692 shares of the electronics maker’s stock worth $916,000 after purchasing an additional 68 shares during the period. ProShare Advisors LLC grew its holdings in shares of Vicor by 1.7% in the fourth quarter. ProShare Advisors LLC now owns 4,469 shares of the electronics maker’s stock worth $490,000 after acquiring an additional 74 shares during the period. Bouvel Investment Partners LLC increased its position in Vicor by 0.4% during the fourth quarter. Bouvel Investment Partners LLC now owns 24,183 shares of the electronics maker’s stock valued at $2,650,000 after acquiring an additional 85 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in Vicor by 1.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,238 shares of the electronics maker’s stock valued at $574,000 after acquiring an additional 90 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in Vicor by 28.5% in the first quarter. EverSource Wealth Advisors LLC now owns 465 shares of the electronics maker’s stock worth $75,000 after purchasing an additional 103 shares during the last quarter. Hedge funds and other institutional investors own 47.45% of the company’s stock.

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.