Insider Selling: Vicor (NASDAQ:VICR) CFO Sells 5,241 Shares of Stock

Key Points

• Vicor Corporation's CFO James Schmidt sold 5,241 shares of the company's stock for approximately $429,237.90, which represents an 85.69% decrease in his stake.
• Following the sale, Schmidt retained only 875 shares valued at around $71,662.50, indicating a significant reduction in his ownership.
• Vicor reported strong growth in earnings, with $0.63 EPS for the quarter, exceeding expectations and reflecting an 18.5% year-over-year revenue increase.

Vicor Corporation (NASDAQ:VICR - Get Free Report) CFO James Schmidt sold 5,241 shares of the firm's stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $81.90, for a total value of $429,237.90. Following the sale, the chief financial officer owned 875 shares of the company's stock, valued at approximately $71,662.50. This trade represents a 85.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Vicor Trading Up 8.4%

NASDAQ VICR traded up $7.22 during mid-day trading on Thursday, reaching $92.98. 1,772,835 shares of the company's stock traded hands, compared to its average volume of 327,506. The company has a market cap of $4.18 billion, a price-to-earnings ratio of 50.81 and a beta of 1.73. The company has a fifty day simple moving average of $52.23 and a 200-day simple moving average of $47.71. Vicor Corporation has a 1-year low of $38.92 and a 1-year high of $93.40.

Vicor (NASDAQ:VICR - Get Free Report) last issued its earnings results on Tuesday, October 21st. The electronics maker reported $0.63 EPS for the quarter, topping the consensus estimate of $0.20 by $0.43. The company had revenue of $110.42 million during the quarter, compared to analyst estimates of $95.40 million. Vicor had a return on equity of 14.02% and a net margin of 18.63%.The business's revenue was up 18.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.26 EPS.

Institutional Trading of Vicor

Several hedge funds have recently added to or reduced their stakes in VICR. Illinois Municipal Retirement Fund raised its stake in Vicor by 13.4% during the 1st quarter. Illinois Municipal Retirement Fund now owns 13,769 shares of the electronics maker's stock valued at $644,000 after acquiring an additional 1,631 shares in the last quarter. KBC Group NV bought a new stake in shares of Vicor in the 1st quarter worth $57,000. Principal Financial Group Inc. raised its stake in shares of Vicor by 2.5% in the 1st quarter. Principal Financial Group Inc. now owns 114,891 shares of the electronics maker's stock worth $5,375,000 after buying an additional 2,766 shares in the last quarter. Optimum Investment Advisors bought a new stake in shares of Vicor in the 1st quarter worth $26,000. Finally, CWM LLC raised its stake in shares of Vicor by 33.3% in the 1st quarter. CWM LLC now owns 3,211 shares of the electronics maker's stock worth $150,000 after buying an additional 802 shares in the last quarter. Institutional investors own 47.45% of the company's stock.

Analyst Ratings Changes

VICR has been the subject of several research reports. Needham & Company LLC set a $90.00 target price on Vicor and gave the stock a "buy" rating in a research report on Wednesday. Weiss Ratings reissued a "hold (c)" rating on shares of Vicor in a report on Wednesday, October 8th. Craig Hallum raised Vicor from a "hold" rating to a "buy" rating and set a $90.00 price target on the stock in a report on Wednesday. Finally, Wall Street Zen raised Vicor from a "hold" rating to a "buy" rating in a report on Friday, September 5th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $90.00.

Vicor Company Profile

Vicor Corporation, together with its subsidiaries, designs, develops, manufactures, and markets modular power components and power systems for converting electrical power in the United States, Europe, the Asia Pacific, and internationally. The company offers a range of brick-format DC-DC converters; complementary components provide AC line rectification, input filtering, power factor correction, and transient protection; and input and output voltage, and output power products, as well as electrical and mechanical accessories.

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