Vicor (NASDAQ:VICR) Insider Michael Mcnamara Sells 18,618 Shares

Key Points

• Vicor insider Michael McNamara sold 18,618 shares on May 11 at an average price of $309, for a total of about $5.75 million. The sale cut his direct stake by roughly 50.6%.
• Vicor shares have been volatile but strong, recently trading at $287.44 after hitting a 52-week high of $313.52, with the company now valued at about $13.1 billion. The stock is well above its 50-day and 200-day moving averages.
• The company reported better-than-expected quarterly results, posting $0.44 EPS on revenue of $112.97 million, both ahead of estimates. Revenue rose 20.2% year over year, and analysts currently rate the stock a consensus Buy.

Vicor Corporation (NASDAQ:VICR - Get Free Report) insider Michael Mcnamara sold 18,618 shares of Vicor stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $309.00, for a total value of $5,752,962.00. Following the sale, the insider directly owned 18,185 shares in the company, valued at $5,619,165. The trade was a 50.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Michael Mcnamara also recently made the following trade(s):

• On Tuesday, March 17th, Michael Mcnamara sold 7,174 shares of Vicor stock. The stock was sold at an average price of $190.07, for a total value of $1,363,562.18.

Vicor Price Performance

Shares of Vicor stock traded down $25.52 during midday trading on Tuesday, hitting $287.44. 1,111,654 shares of the company were exchanged, compared to its average volume of 824,394. The firm has a market cap of $13.10 billion, a P/E ratio of 96.67 and a beta of 2.33. Vicor Corporation has a 52 week low of $40.54 and a 52 week high of $313.52. The firm has a 50 day simple moving average of $202.49 and a 200-day simple moving average of $150.34.

Vicor (NASDAQ:VICR - Get Free Report) last posted its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 EPS for the quarter, topping the consensus estimate of $0.40 by $0.04. The business had revenue of $112.97 million during the quarter, compared to the consensus estimate of $109.05 million. Vicor had a return on equity of 20.21% and a net margin of 28.98%.Vicor's revenue was up 20.2% on a year-over-year basis. During the same quarter last year, the company earned $0.06 EPS. Equities research analysts expect that Vicor Corporation will post 2.71 earnings per share for the current year.

Analyst Upgrades and Downgrades

VICR has been the subject of several analyst reports. Roth Mkm restated a "buy" rating and set a $245.00 target price on shares of Vicor in a research report on Monday, April 20th. Wall Street Zen downgraded Vicor from a "buy" rating to a "hold" rating in a research report on Saturday, April 25th. Needham & Company LLC raised their target price on Vicor from $180.00 to $260.00 and gave the stock a "buy" rating in a research report on Tuesday, April 21st. Weiss Ratings reiterated a "hold (c)" rating on shares of Vicor in a research report on Wednesday, January 21st. Finally, Zacks Research upgraded Vicor from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Vicor currently has a consensus rating of "Buy" and an average target price of $198.33.

Hedge Funds Weigh In On Vicor

Several institutional investors have recently bought and sold shares of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Vicor by 1.2% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,692 shares of the electronics maker's stock valued at $916,000 after purchasing an additional 68 shares during the last quarter. ProShare Advisors LLC raised its position in Vicor by 1.7% in the 4th quarter. ProShare Advisors LLC now owns 4,469 shares of the electronics maker's stock valued at $490,000 after purchasing an additional 74 shares during the last quarter. Bouvel Investment Partners LLC raised its position in shares of Vicor by 0.4% during the fourth quarter. Bouvel Investment Partners LLC now owns 24,183 shares of the electronics maker's stock worth $2,650,000 after acquiring an additional 85 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Vicor by 1.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,238 shares of the electronics maker's stock worth $574,000 after acquiring an additional 90 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of Vicor by 13.7% during the third quarter. PNC Financial Services Group Inc. now owns 1,129 shares of the electronics maker's stock worth $56,000 after acquiring an additional 136 shares during the last quarter. Institutional investors own 47.45% of the company's stock.

Vicor News Roundup

Here are the key news stories impacting Vicor this week:

• Positive Sentiment: Media coverage highlighted Vicor as a “stock of the day” after it jumped on record data-center demand, reinforcing the view that demand for the company’s power modules is strong. IBD stock of the day Vicor jumps 20% in a day on record data-center demand
• Positive Sentiment: Another article argued Vicor is “selling everything they can make,” suggesting production is sold out or near capacity, which can signal strong near-term revenue momentum. Vicor Is Selling Everything They Can Make!
• Positive Sentiment: Options activity spiked, with traders buying far more call options than usual, a sign of elevated bullish speculation in VICR.
• Positive Sentiment: A commentary piece described Vicor as an “IP compounder,” which may be supporting the market’s view that the company has valuable long-term technology assets. Vicor: An IP Compounder Hiding Inside An Old Semiconductor Stock
• Neutral Sentiment: Jim Cramer’s recent comments were cautionary, advising investors to wait for the stock to cool off, which may temper enthusiasm but does not change the underlying business outlook. If you don't own Vicor yet, be patient and wait for the stock to cool off, says Jim Cramer
• Neutral Sentiment: Cramer also featured Vicor in a “stop trading” segment, which adds visibility but is not a clear fundamental positive or negative. Cramer’s Stop Trading: Vicor
• Negative Sentiment: Vicor’s CAO Quentin A. Fendelet sold more than 5,000 shares at about $297 per share, trimming ownership by roughly half, which can be viewed as a mild insider-confidence concern. SEC insider filing

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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