Key Points
- Vicor CEO Patrizio Vinciarelli sold 20,000 shares on June 22 at an average price of $360.94, generating about $7.22 million. His ownership declined by just 0.23%, but the filing adds to a recent pattern of insider selling.
- Vinciarelli has been actively trimming his stake with multiple similar sales in June, including several 20,000-share transactions at rising prices. Earlier in April, he also sold 4,000 shares and a larger 40,000-share block.
- Despite the insider sales, Vicor’s fundamentals and analyst outlook remain strong: the company beat quarterly earnings and revenue estimates, posted 20.2% year-over-year revenue growth, and holds a consensus “Buy” rating with a price target of $408.33.
Vicor Corporation (NASDAQ:VICR - Get Free Report) Director Andrew D'amico sold 754 shares of Vicor stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $330.00, for a total value of $248,820.00. Following the transaction, the director owned 754 shares of the company's stock, valued at $248,820. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Andrew D'amico also recently made the following trade(s):
- On Monday, June 22nd, Andrew D'amico sold 1,216 shares of Vicor stock. The shares were sold at an average price of $360.77, for a total value of $438,696.32.
- On Thursday, May 14th, Andrew D'amico sold 800 shares of Vicor stock. The shares were sold at an average price of $315.35, for a total value of $252,280.00.
- On Wednesday, May 13th, Andrew D'amico sold 1,200 shares of Vicor stock. The stock was 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 stock was 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 Trading Down 4.1%
Vicor stock opened at $322.28 on Thursday. The stock has a 50-day moving average price of $284.76 and a 200 day moving average price of $198.75. Vicor Corporation has a 52 week low of $41.76 and a 52 week high of $369.40. The stock has a market cap of $14.69 billion, a PE ratio of 107.79 and a beta of 2.36.
Vicor (NASDAQ:VICR - Get Free Report) last released its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.04. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The company had revenue of $112.97 million for the quarter, compared to analyst estimates of $109.05 million. During the same period in the prior year, the firm earned $0.06 EPS. The firm's quarterly revenue was up 20.2% on a year-over-year basis. On average, equities analysts predict that Vicor Corporation will post 2.94 EPS for the current year.
Analyst Upgrades and Downgrades
VICR has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Vicor in a research note on Monday, June 1st. Craig Hallum raised their price objective on Vicor to $450.00 and gave the stock a "buy" rating in a report on Monday. Roth Mkm lifted their price objective on Vicor from $285.00 to $375.00 and gave the company a "buy" rating in a research report on Monday. Wall Street Zen lowered Vicor from a "buy" rating to a "hold" rating in a research note on Saturday, April 25th. Finally, Needham & Company LLC increased their target price on Vicor to $400.00 and gave the stock a "buy" rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $408.33.
View Our Latest Stock Report on Vicor
Trending Headlines about Vicor
Here are the key news stories impacting Vicor this week:
- Neutral Sentiment: Vicor reported several insider sales over the past two days, including CEO Patrizio Vinciarelli selling 20,000 shares and CFO James F. Schmidt and Director Andrew D’Amico each selling shares as well. Insider sales can weigh on investor sentiment, though they do not necessarily signal a change in the company’s fundamentals. Article Title
- Positive Sentiment: Recent analyst commentary remains constructive, with multiple firms raising price targets and maintaining buy ratings, and Vicor still carrying a consensus “Buy” rating. That suggests Wall Street continues to view the company’s growth and profitability prospects favorably. Article Title
- Positive Sentiment: Vicor’s prior quarter showed strong fundamentals, with earnings and revenue both beating estimates and revenue up 20.2% year over year. Those results help explain why the stock has run up significantly before this latest pullback. Article Title
- Negative Sentiment: The shares have also been volatile recently, including a notable one-day decline after a strong multi-month rally, which may be prompting profit-taking by investors. Article Title
Institutional Investors Weigh In On Vicor
A number of institutional investors have recently bought and sold shares of VICR. Federated Hermes Inc. acquired a new position in Vicor during the fourth quarter worth approximately $27,000. Harbour Investments Inc. acquired a new position in shares of Vicor in the 4th quarter valued at $32,000. Allworth Financial LP grew its stake in shares of Vicor by 960.0% during the 4th quarter. Allworth Financial LP now owns 318 shares of the electronics maker's stock valued at $35,000 after buying an additional 288 shares during the period. NBC Securities Inc. purchased a new stake in shares of Vicor during the 4th quarter valued at $36,000. Finally, SBI Securities Co. Ltd. increased its holdings in shares of Vicor by 32,400.0% during the 4th quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker's stock worth $36,000 after buying an additional 324 shares during 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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