Vicor (NASDAQ:VICR) Stock Price Down 8.1% After Insider Selling

Vicor Corporation (NASDAQ:VICR) shares were down 8.1% during mid-day trading on Wednesday after an insider sold shares in the company. The company traded as low as $226.92 and last traded at $222.6870. Approximately 221,183 shares were traded during mid-day trading, a decline of 74% from the average session volume of 843,286 shares. The stock had previously closed at $242.41.

Specifically, Director Zmira Lavie sold 908 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $250.00, for a total value of $227,000.00. Following the sale, the director owned 908 shares of the company’s stock, valued at approximately $227,000. This trade represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Wall Street Analyst Weigh In

VICR has been the topic of several research analyst reports. Roth Capital raised their price objective on Vicor from $285.00 to $375.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Craig Hallum increased their target price on shares of Vicor to $450.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Wall Street Zen downgraded shares of Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Needham & Company LLC decreased their price target on shares of Vicor from $400.00 to $320.00 and set a “buy” rating on the stock in a report on Tuesday, July 21st. Finally, Zacks Research downgraded shares of Vicor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 2nd. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $381.67.

Vicor Stock Down 11.2%

The stock has a 50 day moving average price of $265.13 and a 200 day moving average price of $232.87. The stock has a market capitalization of $9.93 billion, a price-to-earnings ratio of 69.02 and a beta of 2.37.

Vicor (NASDAQ:VICR) last released its quarterly earnings results on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.39. The company had revenue of $143.35 million for the quarter, compared to analysts’ expectations of $138.37 million. Vicor had a return on equity of 19.83% and a net margin of 30.65%.The business’s quarterly revenue was up 49.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.91 earnings per share. Sell-side analysts forecast that Vicor Corporation will post 3.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vicor

Several institutional investors and hedge funds have recently added to or reduced their stakes in VICR. Beacon Pointe Advisors LLC bought a new position in shares of Vicor during the second quarter valued at $1,312,000. Bank OZK bought a new stake in shares of Vicor in the second quarter worth $287,000. Equitable Holdings Inc. bought a new stake in shares of Vicor in the second quarter worth $410,000. Centaurus Financial Inc. acquired a new stake in Vicor in the second quarter valued at $422,000. Finally, Jefferies Financial Group Inc. acquired a new stake in Vicor in the second quarter valued at $1,390,000. 47.45% of the stock is currently owned by institutional investors and hedge funds.

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.