Key Points
- CEO Patrizio Vinciarelli sold 20,000 shares on Dec. 22 at an average price of $105.28 for $2,105,600, leaving him with 9,768,363 shares valued at about $1.028 billion (a 0.20% reduction).
- The Dec. 22 sale is part of a string of insider disposals in Nov–Dec — including multiple transactions on Dec. 19, Dec. 11, Dec. 10 and Nov. 12 — totaling roughly $6.38 million in proceeds.
- Vicor trades near its 12‑month high ($112.31) with a $4.87B market cap and a high P/E (59.54); the company recently beat quarterly EPS and revenue estimates and carries an average analyst rating of Moderate Buy with a $98.33 average price target.
Vicor Corporation (NASDAQ:VICR - Get Free Report) CFO James Schmidt sold 5,000 shares of Vicor stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $110.00, for a total transaction of $550,000.00. Following the completion of the sale, the chief financial officer directly owned 875 shares in the company, valued at approximately $96,250. This represents a 85.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Vicor Stock Down 1.9%
Vicor stock opened at $108.96 on Wednesday. The firm has a 50 day moving average price of $89.43 and a 200-day moving average price of $62.78. Vicor Corporation has a twelve month low of $38.92 and a twelve month high of $112.31. The company has a market capitalization of $4.87 billion, a P/E ratio of 59.54 and a beta of 1.94.
Vicor (NASDAQ:VICR - Get Free Report) last posted its quarterly earnings data on Tuesday, October 21st. The electronics maker reported $0.63 EPS for the quarter, beating the consensus estimate of $0.20 by $0.43. Vicor had a return on equity of 13.77% and a net margin of 18.63%.The business had revenue of $110.42 million for the quarter, compared to the consensus estimate of $95.40 million. During the same quarter in the prior year, the business earned $0.26 earnings per share. Vicor's revenue for the quarter was up 18.5% on a year-over-year basis.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on the company. Zacks Research upgraded Vicor to a "hold" rating in a research note on Tuesday, December 16th. Craig Hallum upgraded shares of Vicor from a "hold" rating to a "buy" rating and set a $90.00 price target on the stock in a research note on Wednesday, October 22nd. Needham & Company LLC set a $90.00 price objective on shares of Vicor and gave the company a "buy" rating in a research note on Wednesday, October 22nd. Roth Capital began coverage on Vicor in a research report on Tuesday, December 16th. They set a "buy" rating and a $115.00 target price on the stock. Finally, Wall Street Zen cut Vicor from a "strong-buy" rating to a "buy" rating in a research report on Sunday, November 23rd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Vicor presently has an average rating of "Moderate Buy" and an average price target of $98.33.
View Our Latest Analysis on Vicor
Hedge Funds Weigh In On Vicor
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CIBC Bancorp USA Inc. purchased a new stake in shares of Vicor in the 3rd quarter valued at about $12,625,000. Jacobs Levy Equity Management Inc. raised its stake in Vicor by 188.1% in the third quarter. Jacobs Levy Equity Management Inc. now owns 85,725 shares of the electronics maker's stock valued at $4,262,000 after purchasing an additional 55,971 shares in the last quarter. Kestra Private Wealth Services LLC bought a new stake in Vicor during the third quarter valued at approximately $375,000. Dark Forest Capital Management LP grew its stake in Vicor by 108.0% in the 3rd quarter. Dark Forest Capital Management LP now owns 80,185 shares of the electronics maker's stock worth $3,987,000 after buying an additional 41,641 shares in the last quarter. Finally, Verition Fund Management LLC bought a new position in shares of Vicor in the 3rd quarter worth $218,000. 47.45% of the stock is currently owned by hedge funds and other institutional investors.
Vicor Company Profile
(
Get Free Report)
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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