Insider Selling: Vicor (NASDAQ:VICR) Director Sells 1,000 Shares of Stock

Key Points

• Vicor Corporation's Director, Andrew D'amico, sold 1,000 shares at an average price of $68.00, totaling $68,000 in a transaction on October 21st.
• The company reported a strong quarterly performance with earnings per share of $0.63, exceeding estimates significantly, alongside a 15.44% net margin and an 18.5% year-over-year revenue growth.
• Analysts have a consensus rating of "Moderate Buy" for Vicor's stock, with a target price of $90.00, following upgrades from several research firms.

Vicor Corporation (NASDAQ:VICR - Get Free Report) Director Andrew D'amico sold 1,000 shares of the firm's stock in a transaction dated Tuesday, October 21st. The shares were sold at an average price of $68.00, for a total value of $68,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Vicor Stock Performance

Shares of NASDAQ:VICR traded up $17.05 during midday trading on Wednesday, hitting $82.85. The company's stock had a trading volume of 2,639,399 shares, compared to its average volume of 316,924. The stock has a market capitalization of $3.72 billion, a price-to-earnings ratio of 56.89 and a beta of 1.73. The stock's 50 day simple moving average is $51.51 and its 200 day simple moving average is $47.45. Vicor Corporation has a fifty-two week low of $38.92 and a fifty-two week high of $89.89.

Vicor (NASDAQ:VICR - Get Free Report) last released its earnings results on Tuesday, October 21st. The electronics maker reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.43. Vicor had a net margin of 15.44% and a return on equity of 11.32%. The business had revenue of $110.42 million during the quarter, compared to analysts' expectations of $95.40 million. During the same quarter last year, the company earned $0.26 earnings per share. The firm's revenue was up 18.5% on a year-over-year basis.

Institutional Trading of Vicor

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Bouvel Investment Partners LLC increased its holdings in shares of Vicor by 3.4% in the third quarter. Bouvel Investment Partners LLC now owns 24,098 shares of the electronics maker's stock valued at $1,198,000 after purchasing an additional 796 shares in the last quarter. Voya Investment Management LLC grew its holdings in Vicor by 5.2% during the 3rd quarter. Voya Investment Management LLC now owns 16,654 shares of the electronics maker's stock worth $828,000 after acquiring an additional 830 shares during the period. Chapin Davis Inc. grew its holdings in Vicor by 1.8% during the 3rd quarter. Chapin Davis Inc. now owns 45,700 shares of the electronics maker's stock worth $2,272,000 after acquiring an additional 800 shares during the period. Texas Permanent School Fund Corp grew its holdings in Vicor by 30.6% during the 2nd quarter. Texas Permanent School Fund Corp now owns 14,765 shares of the electronics maker's stock worth $670,000 after acquiring an additional 3,457 shares during the period. Finally, Public Sector Pension Investment Board grew its holdings in Vicor by 7.8% during the 2nd quarter. Public Sector Pension Investment Board now owns 78,780 shares of the electronics maker's stock worth $3,573,000 after acquiring an additional 5,694 shares during the period. Institutional investors and hedge funds own 47.45% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Weiss Ratings restated a "hold (c)" rating on shares of Vicor in a research note on Wednesday, October 8th. Needham & Company LLC set a $90.00 price target on shares of Vicor and gave the stock a "buy" rating in a research note on Wednesday. Wall Street Zen upgraded shares of Vicor from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. Finally, Craig Hallum upgraded shares of Vicor from a "hold" rating to a "buy" rating and set a $90.00 target price for the company in a research note on Wednesday. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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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