Key Points
- Vicor director Andrew D’amico sold 800 shares on May 14 at an average price of $315.35, bringing in about $252,280 and cutting his position by 50%.
- The director has been actively selling recently, including multiple transactions in the prior week, which may be viewed by investors as a cautionary insider signal.
- Vicor’s underlying business results were strong: the company recently beat earnings and revenue estimates, with quarterly revenue up 20.2% year over year, and analysts still hold a generally positive view of the stock.
Vicor Corporation (NASDAQ:VICR - Get Free Report) Director Andrew D'amico sold 800 shares of the firm's stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $315.35, for a total value of $252,280.00. Following the transaction, the director owned 800 shares in the company, valued at approximately $252,280. This represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Andrew D'amico also recently made the following trade(s):
- On Wednesday, May 13th, Andrew D'amico sold 1,200 shares of Vicor stock. The shares were sold at an average price of $312.31, for a total value of $374,772.00.
- On Tuesday, May 12th, Andrew D'amico sold 565 shares of Vicor stock. The shares were sold at an average price of $303.03, for a total value of $171,211.95.
- On Monday, May 4th, Andrew D'amico sold 7,512 shares of Vicor stock. The shares were sold at an average price of $252.89, for a total value of $1,899,709.68.
- On Monday, April 27th, Andrew D'amico sold 800 shares of Vicor stock. The shares were sold at an average price of $277.00, for a total value of $221,600.00.
Vicor Price Performance
Shares of VICR stock opened at $273.67 on Friday. Vicor Corporation has a 1-year low of $40.54 and a 1-year high of $316.82. The stock's 50-day moving average is $209.50 and its 200 day moving average is $155.56. The company has a market cap of $12.47 billion, a P/E ratio of 91.53 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 for the quarter, beating analysts' consensus estimates 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 return on equity of 20.21% and a net margin of 28.98%.The firm's revenue for the quarter was up 20.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.06 earnings per share. On average, analysts anticipate that Vicor Corporation will post 2.71 EPS for the current year.
Vicor News Summary
Here are the key news stories impacting Vicor this week:
- Positive Sentiment: Vicor’s recent earnings report was strong, with EPS of $0.44 beating estimates and revenue of $112.97 million topping forecasts, while revenue grew 20.2% year over year. That kind of results-driven strength has helped support investor enthusiasm for the stock. Jim Cramer on Vicor: “If You Don’t Own It, Please Be Patient”
- Positive Sentiment: Analysts have remained generally constructive, with recent price-target increases and multiple Buy/Strong Buy ratings suggesting expectations for continued growth in Vicor’s power-systems business. Read Our Latest Analysis on VICR
- Neutral Sentiment: Vicor remains a popular stock with institutional investors, and hedge-fund ownership has been expanding, which can help reinforce confidence in the long-term story. Vicor company profile and institutional trading
- Negative Sentiment: Multiple recent insider sales by Director Andrew D’Amico, including several transactions over the past few days, may be weighing on shares because investors often view heavy insider selling as a caution signal. Andrew D’amico insider trades
Analyst Upgrades and Downgrades
VICR has been the subject of several recent analyst reports. Roth Mkm reissued a "buy" rating and issued a $245.00 price target on shares of Vicor in a report on Monday, April 20th. Needham & Company LLC raised their price target on Vicor from $180.00 to $260.00 and gave the stock a "buy" rating in a report on Tuesday, April 21st. Weiss Ratings reissued a "hold (c)" rating on shares of Vicor in a report on Wednesday, January 21st. Zacks Research raised Vicor from a "hold" rating to a "strong-buy" rating in a report on Monday, February 23rd. Finally, Wall Street Zen downgraded Vicor from a "buy" rating to a "hold" rating in a report on Saturday, April 25th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $198.33.
Get Our Latest Stock Report on Vicor
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the stock. Weiss Asset Management LP purchased a new position in Vicor during the first quarter valued at approximately $4,588,000. Entropy Technologies LP purchased a new position in Vicor during the first quarter valued at approximately $1,003,000. Renaissance Technologies LLC raised its position in Vicor by 363.7% during the first quarter. Renaissance Technologies LLC now owns 47,300 shares of the electronics maker's stock valued at $7,615,000 after acquiring an additional 37,100 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in Vicor by 43.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 536,274 shares of the electronics maker's stock valued at $86,340,000 after acquiring an additional 162,186 shares in the last quarter. Finally, Sei Investments Co. raised its position in Vicor by 50.3% during the first quarter. Sei Investments Co. now owns 26,673 shares of the electronics maker's stock valued at $4,294,000 after acquiring an additional 8,924 shares in the last quarter. 47.45% of the stock is currently owned by hedge funds and other institutional investors.
About Vicor
(
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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