Vicor (NASDAQ:VICR) Insider Sells $5,752,962.00 in Stock

Vicor Corporation (NASDAQ:VICR) insider Michael Mcnamara sold 18,618 shares of the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $309.00, for a total value of $5,752,962.00. Following the sale, the insider owned 18,185 shares of the company’s stock, valued at approximately $5,619,165. The trade was a 50.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Michael Mcnamara also recently made the following trade(s):

• On Tuesday, March 17th, Michael Mcnamara sold 7,174 shares of Vicor stock. The stock was sold at an average price of $190.07, for a total value of $1,363,562.18.

Vicor Price Performance

Shares of VICR stock traded down $25.52 on Tuesday, reaching $287.44. 1,111,654 shares of the stock were exchanged, compared to its average volume of 824,394. The stock has a market cap of $13.10 billion, a PE ratio of 96.67 and a beta of 2.33. Vicor Corporation has a one year low of $40.54 and a one year high of $313.52. The stock has a 50 day moving average price of $202.49 and a 200 day moving average price of $150.34.

Vicor (NASDAQ:VICR) last released its 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. The company had revenue of $112.97 million during 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 firm’s quarterly revenue was up 20.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.06 earnings per share. On average, research analysts expect that Vicor Corporation will post 2.71 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VICR. The Manufacturers Life Insurance Company grew its stake in Vicor by 3,918.9% in the fourth quarter. The Manufacturers Life Insurance Company now owns 432,189 shares of the electronics maker’s stock valued at $47,368,000 after acquiring an additional 421,435 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Vicor by 1,542.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 439,820 shares of the electronics maker’s stock valued at $48,205,000 after acquiring an additional 413,038 shares during the period. Millennium Management LLC grew its stake in Vicor by 4,634.5% in the first quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock valued at $12,379,000 after acquiring an additional 259,022 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in Vicor by 1,921.4% in the third quarter. Arrowstreet Capital Limited Partnership now owns 267,882 shares of the electronics maker’s stock valued at $13,319,000 after acquiring an additional 254,630 shares during the period. Finally, CIBC Bancorp USA Inc. acquired a new position in Vicor in the third quarter valued at about $12,625,000. 47.45% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Vicor

Here are the key news stories impacting Vicor this week:

• Positive Sentiment: Media coverage highlighted Vicor as a “stock of the day” after it jumped on record data-center demand, reinforcing the view that demand for the company’s power modules is strong. IBD stock of the day Vicor jumps 20% in a day on record data-center demand
• Positive Sentiment: Another article argued Vicor is “selling everything they can make,” suggesting production is sold out or near capacity, which can signal strong near-term revenue momentum. Vicor Is Selling Everything They Can Make!
• Positive Sentiment: Options activity spiked, with traders buying far more call options than usual, a sign of elevated bullish speculation in VICR.
• Positive Sentiment: A commentary piece described Vicor as an “IP compounder,” which may be supporting the market’s view that the company has valuable long-term technology assets. Vicor: An IP Compounder Hiding Inside An Old Semiconductor Stock
• Neutral Sentiment: Jim Cramer’s recent comments were cautionary, advising investors to wait for the stock to cool off, which may temper enthusiasm but does not change the underlying business outlook. If you don’t own Vicor yet, be patient and wait for the stock to cool off, says Jim Cramer
• Neutral Sentiment: Cramer also featured Vicor in a “stop trading” segment, which adds visibility but is not a clear fundamental positive or negative. Cramer’s Stop Trading: Vicor
• Negative Sentiment: Vicor’s CAO Quentin A. Fendelet sold more than 5,000 shares at about $297 per share, trimming ownership by roughly half, which can be viewed as a mild insider-confidence concern. SEC insider filing

Analysts Set New Price Targets

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

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.