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

Vicor Corporation (NASDAQ:VICR) shares fell 8.1% on Friday after an insider sold shares in the company. The stock traded as low as $177.23 and last traded at $174.79. 302,359 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 732,031 shares. The stock had previously closed at $190.13.

Specifically, CEO Patrizio Vinciarelli sold 50,000 shares of the firm’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $196.18, for a total transaction of $9,809,000.00. Following the completion of the sale, the chief executive officer directly owned 9,108,163 shares of the company’s stock, valued at $1,786,839,417.34. This trade represents a 0.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael Mcnamara sold 7,174 shares of Vicor stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $190.07, for a total value of $1,363,562.18. Following the completion of the transaction, the insider owned 18,138 shares in the company, valued at $3,447,489.66. The trade was a 28.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In other news, CEO Patrizio Vinciarelli sold 50,000 shares of the company’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $184.67, for a total transaction of $9,233,500.00. Following the completion of the sale, the chief executive officer directly owned 9,258,163 shares of the company’s stock, valued at $1,709,704,961.21. This represents a 0.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Analyst Ratings Changes

A number of equities analysts recently weighed in on VICR shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Vicor in a research report on Wednesday, January 21st. Roth Mkm reaffirmed a “buy” rating and set a $175.00 price objective on shares of Vicor in a research note on Thursday, January 22nd. Wall Street Zen cut shares of Vicor from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 23rd. Finally, Zacks Research raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Vicor currently has a consensus rating of “Buy” and an average target price of $118.33.

Vicor Price Performance

The firm has a market cap of $7.35 billion, a PE ratio of 63.04 and a beta of 1.84. The business has a fifty day moving average price of $168.52 and a two-hundred day moving average price of $111.96.

Vicor (NASDAQ:VICR) last posted its quarterly earnings results on Thursday, February 19th. The electronics maker reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.63. The firm had revenue of $362.70 million for the quarter, compared to analyst estimates of $107.78 million. Vicor had a return on equity of 18.73% and a net margin of 26.19%.Vicor’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.23 earnings per share.

Hedge Funds Weigh In On Vicor

Several institutional investors and hedge funds have recently bought and sold shares of the business. Federated Hermes Inc. purchased a new stake in shares of Vicor in the fourth quarter worth approximately $27,000. Nisa Investment Advisors LLC grew its position in Vicor by 53.4% during the third quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker’s stock valued at $30,000 after purchasing an additional 210 shares in the last quarter. Harbour Investments Inc. acquired a new position in Vicor in the 4th quarter valued at approximately $32,000. Allworth Financial LP increased its stake in 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 buying an additional 288 shares during the period. Finally, NBC Securities Inc. purchased a new stake in Vicor in the 4th quarter worth approximately $36,000. 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.