Vicor (NASDAQ:VICR) Trading Down 7.4% on Insider Selling

Vicor Corporation (NASDAQ:VICR) dropped 7.4% during trading on Thursday after an insider sold shares in the company. The company traded as low as $170.56 and last traded at $172.3270. Approximately 172,676 shares traded hands during mid-day trading, a decline of 78% from the average daily volume of 784,565 shares. The stock had previously closed at $186.00.

Specifically, CEO Patrizio Vinciarelli sold 23,179 shares of the stock in a transaction that occurred on Tuesday, March 24th. The shares were sold at an average price of $179.93, for a total transaction of $4,170,597.47. Following the transaction, the chief executive officer directly owned 9,034,984 shares in the company, valued at $1,625,664,671.12. This trade represents a 0.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Patrizio Vinciarelli sold 44,076 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $179.88, for a total transaction of $7,928,390.88. Following the completion of the sale, the chief executive officer owned 9,064,087 shares of the company’s stock, valued at approximately $1,630,447,969.56. The trade was a 0.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information.

Wall Street Analysts Forecast Growth

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

Vicor Trading Down 3.1%

The company has a market capitalization of $6.94 billion, a P/E ratio of 58.63 and a beta of 1.84. The stock’s fifty day moving average is $171.16 and its 200 day moving average is $115.67.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Federated Hermes Inc. bought a new stake in shares of Vicor in the 4th quarter worth approximately $27,000. Harbour Investments Inc. bought a new position in shares of Vicor during the fourth quarter valued at approximately $32,000. Allworth Financial LP lifted its stake in Vicor by 960.0% in the fourth quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock worth $35,000 after acquiring an additional 288 shares during the period. SBI Securities Co. Ltd. lifted its stake in Vicor by 32,400.0% in the fourth quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker’s stock worth $36,000 after acquiring an additional 324 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in Vicor in the fourth quarter valued at $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.