Vicor (NASDAQ:VICR) CFO James Schmidt Sells 15,500 Shares

Key Points

• CFO James Schmidt sold 15,500 shares on March 11 at an average price of $177.19,** totaling $2,746,445**, according to an SEC filing.
• Vicor reported a strong quarter with $1.01 EPS versus a $0.38 consensus and revenue of $362.7 million versus $107.8 million expected, driving a 26.2% net margin and 18.7% ROE.
• Shares fell about 6.4% to $167.45 on heavy trading (567,921 shares); the stock has a 52-week range of $38.92–$209.53, a $7.48 billion market cap, and an average analyst rating of "Buy" (consensus target $118.33).

Vicor Corporation (NASDAQ:VICR - Get Free Report) CFO James Schmidt sold 15,500 shares of the company's stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $177.19, for a total transaction of $2,746,445.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Vicor Trading Down 6.4%

NASDAQ VICR traded down $11.38 during trading hours on Thursday, hitting $167.45. 567,921 shares of the company's stock traded hands, compared to its average volume of 729,065. Vicor Corporation has a 52 week low of $38.92 and a 52 week high of $209.53. The firm has a market capitalization of $7.48 billion, a P/E ratio of 64.16 and a beta of 1.84. The business's fifty day moving average price is $161.48 and its two-hundred day moving average price is $105.59.

Vicor (NASDAQ:VICR - Get Free Report) last issued its quarterly earnings results on Thursday, February 19th. The electronics maker reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.63. Vicor had a net margin of 26.19% and a return on equity of 18.73%. The business had revenue of $362.70 million for the quarter, compared to analysts' expectations of $107.78 million. During the same quarter last year, the company posted $0.23 EPS. The company's revenue was up 11.5% compared to the same quarter last year.

Hedge Funds Weigh In On Vicor

Hedge funds have recently made changes to their positions in the business. Royal Bank of Canada raised its stake in Vicor by 6.0% during the 1st quarter. Royal Bank of Canada now owns 15,167 shares of the electronics maker's stock valued at $709,000 after purchasing an additional 857 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Vicor by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,537 shares of the electronics maker's stock worth $633,000 after purchasing an additional 563 shares during the period. Millennium Management LLC grew its holdings in Vicor by 4,634.5% during the 1st quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker's stock valued at $12,379,000 after buying an additional 259,022 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Vicor by 38.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 41,541 shares of the electronics maker's stock valued at $1,943,000 after buying an additional 11,525 shares in the last quarter. Finally, Acadian Asset Management LLC raised its position in shares of Vicor by 56.1% during the first quarter. Acadian Asset Management LLC now owns 8,860 shares of the electronics maker's stock valued at $413,000 after buying an additional 3,184 shares during the last quarter. Institutional investors own 47.45% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on VICR. Wall Street Zen cut Vicor from a "strong-buy" rating to a "buy" rating in a research report on Sunday, November 23rd. Weiss Ratings reiterated a "hold (c)" rating on shares of Vicor in a research note on Wednesday, January 21st. Roth Mkm reissued a "buy" rating and issued a $175.00 target price on shares of Vicor in a report on Thursday, January 22nd. Finally, Zacks Research raised shares of Vicor from a "hold" rating to a "strong-buy" rating in a report on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, Vicor presently has an average rating of "Buy" and a consensus target price of $118.33.

Vicor Company Profile

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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