Vicor (NASDAQ:VICR) CFO Sells $1,609,150.00 in Stock

Vicor Corporation (NASDAQ:VICR) CFO James Schmidt sold 5,000 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $321.83, for a total transaction of $1,609,150.00. Following the completion of the transaction, the chief financial officer directly owned 5,000 shares in the company, valued at $1,609,150. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Vicor Stock Performance

VICR traded down $2.63 during trading on Tuesday, hitting $326.22. The stock had a trading volume of 620,809 shares, compared to its average volume of 885,352. Vicor Corporation has a twelve month low of $41.76 and a twelve month high of $361.89. The firm has a market capitalization of $14.87 billion, a P/E ratio of 110.65 and a beta of 2.36. The company’s 50-day moving average price is $234.94 and its 200 day moving average price is $171.83.

Vicor (NASDAQ:VICR) last posted its quarterly earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $109.05 million. During the same period in the prior year, the company posted $0.06 EPS. The business’s revenue for the quarter was up 20.2% on a year-over-year basis. As a group, equities analysts expect that Vicor Corporation will post 2.71 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vicor

Large investors have recently added to or reduced their stakes in the company. Federated Hermes Inc. bought a new position in Vicor during the fourth quarter worth $27,000. Blue Trust Inc. lifted its stake in Vicor by 1,814.3% during the first quarter. Blue Trust Inc. now owns 268 shares of the electronics maker’s stock worth $43,000 after purchasing an additional 254 shares during the last quarter. ROSS JOHNSON & Associates LLC lifted its stake in Vicor by 13,750.0% during the first quarter. ROSS JOHNSON & Associates LLC now owns 277 shares of the electronics maker’s stock worth $45,000 after purchasing an additional 275 shares during the last quarter. Harbour Investments Inc. bought a new position in Vicor during the fourth quarter worth $32,000. Finally, Meeder Asset Management Inc. lifted its stake in Vicor by 189.4% during the first quarter. Meeder Asset Management Inc. now owns 301 shares of the electronics maker’s stock worth $48,000 after purchasing an additional 197 shares during the last quarter. 47.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

VICR has been the topic of several recent research reports. Wall Street Zen lowered shares of Vicor from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Zacks Research upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. Roth Mkm restated a “buy” rating and issued a $245.00 price target on shares of Vicor in a report on Monday, April 20th. Finally, Needham & Company LLC increased their price objective on shares of Vicor from $260.00 to $350.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. 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 company’s stock. According to data from MarketBeat, Vicor presently has a consensus rating of “Buy” and an average price target of $228.33.

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.