James Schmidt Sells 5,000 Shares of Vicor (NASDAQ:VICR) Stock

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

Vicor Trading Down 0.7%

Shares of VICR opened at $330.48 on Thursday. The business’s fifty day simple moving average is $241.46 and its two-hundred day simple moving average is $175.21. Vicor Corporation has a 12 month low of $41.76 and a 12 month high of $361.89. The company has a market cap of $15.06 billion, a price-to-earnings ratio of 110.53 and a beta of 2.36.

Vicor (NASDAQ:VICR) last issued its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 EPS for the quarter, beating the consensus estimate of $0.40 by $0.04. Vicor had a return on equity of 20.21% and a net margin of 28.98%.The business had revenue of $112.97 million for the quarter, compared to the consensus estimate of $109.05 million. During the same period last year, the business posted $0.06 EPS. The company’s revenue was up 20.2% compared to the same quarter last year. As a group, research analysts forecast that Vicor Corporation will post 2.71 EPS for the current year.

Institutional Investors Weigh In On Vicor

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company raised its position 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 worth $47,368,000 after acquiring an additional 421,435 shares during the period. Price T Rowe Associates Inc. MD raised its position 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 worth $48,205,000 after acquiring an additional 413,038 shares during the period. Millennium Management LLC raised its position in Vicor by 4,634.5% in the first quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock worth $12,379,000 after acquiring an additional 259,022 shares during the period. Arrowstreet Capital Limited Partnership raised its position 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 worth $13,319,000 after acquiring an additional 254,630 shares during the period. Finally, CIBC Bancorp USA Inc. bought a new position in Vicor in the third quarter worth approximately $12,625,000. Hedge funds and other institutional investors own 47.45% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on VICR shares. Zacks Research upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. Weiss Ratings restated a “hold (c+)” rating on shares of Vicor in a report on Monday. Wall Street Zen cut shares of Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Needham & Company LLC raised their target price on shares of Vicor from $260.00 to $350.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Finally, Roth Mkm restated a “buy” rating and issued a $245.00 target price on shares of Vicor in a report on Monday, April 20th. One equities 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 stock. According to MarketBeat.com, the company presently has an average 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.