Insider Selling: Vicor (NASDAQ:VICR) VP Sells 5,412 Shares of Stock

Key Points

• Vicor VP Nancy Grava sold 5,412 shares on May 5 at an average price of $265, totaling ~$1.43 million and leaving her with 508 shares (a 91.42% reduction), according to an SEC filing.
• The company recently beat quarterly estimates with $0.44 EPS vs. $0.40 expected and revenue of $112.97M (up 20.2% year-over-year), reporting strong margins (ROE 20.21%, net margin 28.98%).
• Shares traded at $261.78 (down $18.56) with a market cap of $11.88B and a PE of 87.43; analysts hold a consensus Buy but the average price target is $198.33, below current levels.

Vicor Corporation (NASDAQ:VICR - Get Free Report) VP Nancy Grava sold 5,412 shares of Vicor stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $265.00, for a total transaction of $1,434,180.00. Following the sale, the vice president owned 508 shares in the company, valued at $134,620. This represents a 91.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Vicor Price Performance

Shares of Vicor stock traded down $18.56 during trading on Thursday, hitting $261.78. 522,333 shares of the company's stock traded hands, compared to its average volume of 809,888. Vicor Corporation has a twelve month low of $40.54 and a twelve month high of $293.95. The company has a market cap of $11.88 billion, a PE ratio of 87.43 and a beta of 2.33. The firm's fifty day moving average price is $197.74 and its 200 day moving average price is $145.77.

Vicor (NASDAQ:VICR - Get Free Report) last released its quarterly earnings data on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.04. The company had revenue of $112.97 million for the quarter, compared to analyst estimates of $109.05 million. Vicor had a return on equity of 20.21% and a net margin of 28.98%.The company's revenue was up 20.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.06 EPS. As a group, equities research analysts anticipate that Vicor Corporation will post 2.71 earnings per share for the current year.

Institutional Trading of Vicor

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Federated Hermes Inc. bought a new stake in Vicor in the fourth quarter worth about $27,000. Nisa Investment Advisors LLC increased its stake in shares of Vicor by 53.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker's stock worth $30,000 after purchasing an additional 210 shares during the last quarter. Harbour Investments Inc. purchased a new stake in shares of Vicor during the 4th quarter worth approximately $32,000. Allworth Financial LP raised its holdings in shares of Vicor by 960.0% in the 4th quarter. Allworth Financial LP now owns 318 shares of the electronics maker's stock worth $35,000 after purchasing an additional 288 shares during the period. Finally, NBC Securities Inc. purchased a new position in Vicor in the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 47.45% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on VICR. Zacks Research upgraded Vicor from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 23rd. Roth Mkm reissued a "buy" rating and issued a $245.00 price objective on shares of Vicor in a research report on Monday, April 20th. Wall Street Zen cut shares of Vicor from a "buy" rating to a "hold" rating in a report on Saturday, April 25th. Weiss Ratings restated a "hold (c)" rating on shares of Vicor in a research report on Wednesday, January 21st. Finally, Needham & Company LLC increased their target price on Vicor from $180.00 to $260.00 and gave the stock a "buy" rating in a report on Tuesday, April 21st. 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 company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $198.33.

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.

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