Vicor (NASDAQ:VICR) Shares Down 9.6% Following Insider Selling

Key Points

• Vicor shares fell 9.6% after insider selling, with the stock dropping to an intraday low of $284.34 and trading well below the prior close of $312.96.
• Chief Accounting Officer Quentin A. Fendelet sold more than 5,000 shares in two recent transactions, and Vice President Nancy L. Grava also sold 5,412 shares, reducing their ownership stakes significantly.
• Despite the selloff, analysts remain generally constructive on Vicor, with several recent buy ratings and a consensus price target of $198.33, while the company also posted stronger-than-expected quarterly earnings and revenue growth.

Vicor Corporation (NASDAQ:VICR - Get Free Report)'s stock price traded down 9.6% during trading on Tuesday after an insider sold shares in the company. The stock traded as low as $284.34 and last traded at $283.00. 535,026 shares traded hands during trading, a decline of 35% from the average session volume of 816,884 shares. The stock had previously closed at $312.96.

Specifically, CAO Quentin A. Fendelet sold 5,059 shares of Vicor stock in a transaction on Monday, May 11th. The shares were sold at an average price of $297.03, for a total transaction of $1,502,674.77. Following the completion of the sale, the chief accounting officer directly owned 4,963 shares of the company's stock, valued at approximately $1,474,159.89. The trade was a 50.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Quentin A. Fendelet sold 5,060 shares of the business's stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $277.07, for a total transaction of $1,401,974.20. Following the transaction, the chief accounting officer owned 2,434 shares of the company's stock, valued at approximately $674,388.38. The trade was a 67.52% decrease in their position. The disclosure for this sale is available in the SEC filing. In related news, VP Nancy L. Grava sold 5,412 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $265.00, for a total value of $1,434,180.00. Following the transaction, the vice president owned 508 shares of the company's stock, valued at $134,620. This represents a 91.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Wall Street Analysts Forecast Growth

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

Vicor News Summary

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 Price Performance

The business's 50-day moving average price is $202.49 and its 200-day moving average price is $150.34. The firm has a market capitalization of $12.82 billion, a PE ratio of 94.04 and a beta of 2.33.

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

Hedge Funds Weigh In On Vicor

Several institutional investors have recently added to or reduced their stakes in VICR. Vanguard Group Inc. lifted its position in Vicor by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 2,534,534 shares of the electronics maker's stock worth $277,785,000 after acquiring an additional 60,963 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Vicor by 4.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 578,515 shares of the electronics maker's stock valued at $28,759,000 after purchasing an additional 25,393 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Vicor by 1,542.2% in 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 purchasing an additional 413,038 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of 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 purchasing an additional 421,435 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of 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 purchasing an additional 106,206 shares during the last quarter. Institutional investors and hedge funds own 47.45% of the company's stock.

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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