James Schmidt Sells 2,124 Shares of Vicor (NASDAQ:VICR) Stock

Vicor Corporation (NASDAQ:VICR) CFO James Schmidt sold 2,124 shares of the firm’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $360.60, for a total value of $765,914.40. Following the sale, the chief financial officer directly owned 1,216 shares in the company, valued at approximately $438,489.60. This trade represents a 63.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Vicor Stock Down 4.1%

Shares of VICR stock opened at $322.28 on Thursday. Vicor Corporation has a twelve month low of $41.76 and a twelve month high of $369.40. The stock’s fifty day simple moving average is $284.76 and its 200 day simple moving average is $198.75. The firm has a market capitalization of $14.69 billion, a P/E ratio of 107.79 and a beta of 2.36.

Vicor (NASDAQ:VICR) last posted 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 firm had revenue of $112.97 million during the quarter, compared to the consensus estimate of $109.05 million. During the same period last year, the company earned $0.06 earnings per share. The business’s quarterly revenue was up 20.2% on a year-over-year basis. As a group, equities research analysts expect that Vicor Corporation will post 2.94 EPS for the current fiscal year.

More Vicor News

Here are the key news stories impacting Vicor this week:

• Neutral Sentiment: Vicor reported several insider sales over the past two days, including CEO Patrizio Vinciarelli selling 20,000 shares and CFO James F. Schmidt and Director Andrew D’Amico each selling shares as well. Insider sales can weigh on investor sentiment, though they do not necessarily signal a change in the company’s fundamentals. Article Title
• Positive Sentiment: Recent analyst commentary remains constructive, with multiple firms raising price targets and maintaining buy ratings, and Vicor still carrying a consensus “Buy” rating. That suggests Wall Street continues to view the company’s growth and profitability prospects favorably. Article Title
• Positive Sentiment: Vicor’s prior quarter showed strong fundamentals, with earnings and revenue both beating estimates and revenue up 20.2% year over year. Those results help explain why the stock has run up significantly before this latest pullback.
• Negative Sentiment: The shares have also been volatile recently, including a notable one-day decline after a strong multi-month rally, which may be prompting profit-taking by investors. Article Title

Hedge Funds Weigh In On Vicor

Hedge funds have recently made changes to their positions in the stock. Dynamic Technology Lab Private Ltd acquired a new stake in Vicor during the 3rd quarter valued at approximately $352,000. Intech Investment Management LLC lifted its position in shares of Vicor by 36.6% in the 3rd quarter. Intech Investment Management LLC now owns 29,786 shares of the electronics maker’s stock worth $1,481,000 after purchasing an additional 7,985 shares during the period. Range Financial Group LLC acquired a new position in shares of Vicor in the 4th quarter worth approximately $1,537,000. Convergence Investment Partners LLC bought a new stake in shares of Vicor in the 4th quarter valued at $1,631,000. Finally, Chicago Capital LLC bought a new stake in shares of Vicor in the 4th quarter valued at $771,000. 47.45% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

VICR has been the topic of several recent research reports. Needham & Company LLC lifted their target price on shares of Vicor to $400.00 and gave the stock a “buy” rating in a research report on Monday. Roth Mkm upped their price target on shares of Vicor from $285.00 to $375.00 and gave the company a “buy” rating in a research report on Monday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Vicor in a research note on Monday, June 1st. Wall Street Zen downgraded shares of Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Finally, Craig Hallum lifted their price target on shares of Vicor to $450.00 and gave the stock a “buy” rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $408.33.

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.