Insider Selling: Vicor Co. (NASDAQ:VICR) Director Sells 8,000 Shares of Stock

Vicor Co. (NASDAQ:VICR) Director Estia J. Eichten sold 8,000 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $55.51, for a total transaction of $444,080.00. Following the completion of the sale, the director now directly owns 230,267 shares of the company’s stock, valued at approximately $12,782,121.17. The trade was a 3.36 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Vicor Price Performance

VICR traded down $2.03 on Tuesday, reaching $55.66. 44,808 shares of the company’s stock were exchanged, compared to its average volume of 231,055. The stock’s fifty day moving average price is $47.97 and its 200-day moving average price is $40.20. Vicor Co. has a twelve month low of $30.90 and a twelve month high of $61.05. The stock has a market cap of $2.51 billion, a PE ratio of 116.96 and a beta of 1.49.

Vicor (NASDAQ:VICR) last announced its quarterly earnings data on Tuesday, October 22nd. The electronics maker reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.13. Vicor had a return on equity of 4.00% and a net margin of 6.08%. The firm had revenue of $93.17 million for the quarter, compared to the consensus estimate of $85.23 million. During the same quarter last year, the business posted $0.37 earnings per share. The firm’s revenue was down 13.6% compared to the same quarter last year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on VICR shares. Craig Hallum lifted their price objective on Vicor from $35.00 to $43.00 and gave the stock a “hold” rating in a report on Wednesday, October 23rd. Needham & Company LLC reiterated a “hold” rating on shares of Vicor in a research report on Wednesday, October 23rd.

Institutional Investors Weigh In On Vicor

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Vicor by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 2,495,769 shares of the electronics maker’s stock worth $95,438,000 after purchasing an additional 18,331 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Vicor by 15.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 19,229 shares of the electronics maker’s stock valued at $736,000 after acquiring an additional 2,535 shares during the period. SG Americas Securities LLC acquired a new position in shares of Vicor in the 2nd quarter worth approximately $115,000. Bank of New York Mellon Corp increased its holdings in Vicor by 4.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 172,819 shares of the electronics maker’s stock valued at $5,731,000 after purchasing an additional 7,083 shares during the last quarter. Finally, Rhumbline Advisers increased its holdings in Vicor by 3.9% in the 2nd quarter. Rhumbline Advisers now owns 68,380 shares of the electronics maker’s stock valued at $2,267,000 after purchasing an additional 2,544 shares during the last quarter. 47.45% of the stock is currently owned by institutional investors and hedge funds.

About Vicor

Vicor Corporation, together with its subsidiaries, designs, develops, manufactures, and markets modular power components and power systems for converting electrical power in the United States, Europe, the Asia Pacific, and internationally. The company offers a range of brick-format DC-DC converters; complementary components provide AC line rectification, input filtering, power factor correction, and transient protection; and input and output voltage, and output power products, as well as electrical and mechanical accessories.