Vicor (NASDAQ:VICR) Shares Down 7.7% After Insider Selling

Key Points

• Insider selling drove a pullback: Vicor shares fell 7.7% after CEO Patrizio Vinciarelli sold a total of 100,000 shares across March trades (about $17.18M combined) and CFO James F. Schmidt sold 875 shares, reducing the CEO's stake by ~0.52%.
• Trading was light: intraday volume was 207,026 shares (down ~71% from the average) and the stock hit a low of $163.23; the company has a market cap of $7.41 billion and a P/E of 63.04.
• Fundamentals and analyst view remain positive — Vicor reported an EPS beat ($1.01 vs. $0.38 est.) and revenue well above estimates, and analysts hold a consensus "Buy" rating with an average target of $118.33.

Vicor Corporation (NASDAQ:VICR - Get Free Report) fell 7.7% on Thursday after an insider sold shares in the company. The stock traded as low as $163.23 and last traded at $165.0670. 207,026 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 721,989 shares. The stock had previously closed at $178.83.

Specifically, CFO James F. Schmidt sold 875 shares of the firm's stock in a transaction on Thursday, October 23rd. The stock was sold at an average price of $91.92, for a total value of $80,430.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Patrizio Vinciarelli sold 50,000 shares of the business's stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $177.25, for a total transaction of $8,862,500.00. Following the completion of the sale, the chief executive officer owned 9,508,163 shares in the company, valued at $1,685,321,891.75. This represents a 0.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In other Vicor news, CEO Patrizio Vinciarelli sold 50,000 shares of the firm's stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $166.30, for a total transaction of $8,315,000.00. Following the completion of the transaction, the chief executive officer directly owned 9,558,163 shares in the company, valued at approximately $1,589,522,506.90. This trade represents a 0.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Wall Street Analysts Forecast Growth

VICR has been the topic of several recent research reports. Roth Mkm reaffirmed a "buy" rating and issued a $175.00 price target on shares of Vicor in a report on Thursday, January 22nd. Zacks Research raised Vicor from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 23rd. Weiss Ratings reissued a "hold (c)" rating on shares of Vicor in a report on Wednesday, January 21st. Finally, Wall Street Zen downgraded Vicor from a "strong-buy" rating to a "buy" rating in a research report on Sunday, November 23rd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $118.33.

Vicor Stock Down 7.3%

The firm has a market cap of $7.41 billion, a price-to-earnings ratio of 63.04 and a beta of 1.84. The firm has a fifty day moving average price of $161.48 and a 200-day moving average price of $105.59.

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

Hedge Funds Weigh In On Vicor

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of Vicor by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 2,534,534 shares of the electronics maker's stock valued at $277,785,000 after buying an additional 60,963 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Vicor by 4.6% in the third quarter. Dimensional Fund Advisors LP now owns 578,515 shares of the electronics maker's stock valued at $28,759,000 after acquiring an additional 25,393 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Vicor by 1,542.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 439,820 shares of the electronics maker's stock valued at $48,205,000 after acquiring an additional 413,038 shares during the period. The Manufacturers Life Insurance Company increased its stake in Vicor by 3,918.9% during the fourth quarter. The Manufacturers Life Insurance Company now owns 432,189 shares of the electronics maker's stock worth $47,368,000 after acquiring an additional 421,435 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in Vicor by 39.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 374,088 shares of the electronics maker's stock worth $41,000,000 after acquiring an additional 106,206 shares during the last quarter. Institutional investors and hedge funds own 47.45% of the company's stock.

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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