Insider Selling: Vicor Corp (NASDAQ:VICR) Insider Sells 2,389 Shares of Stock

Vicor Corp (NASDAQ:VICR) insider Michael Mcnamara sold 2,389 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $41.50, for a total value of $99,143.50. Following the completion of the transaction, the insider now directly owns 1,113 shares in the company, valued at approximately $46,189.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of VICR traded up $0.95 during mid-day trading on Friday, reaching $43.40. The company had a trading volume of 3,408 shares, compared to its average volume of 170,997. The stock has a market capitalization of $1.67 billion, a P/E ratio of 55.52 and a beta of 0.74. Vicor Corp has a 52-week low of $26.50 and a 52-week high of $49.27. The stock has a 50 day moving average of $38.84 and a two-hundred day moving average of $32.80.

Vicor (NASDAQ:VICR) last announced its earnings results on Thursday, October 17th. The electronics maker reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). Vicor had a net margin of 7.20% and a return on equity of 10.21%. The firm had revenue of $70.77 million for the quarter, compared to analyst estimates of $71.00 million. Analysts anticipate that Vicor Corp will post 0.45 earnings per share for the current year.

Several large investors have recently bought and sold shares of VICR. US Bancorp DE increased its holdings in shares of Vicor by 56.0% in the second quarter. US Bancorp DE now owns 986 shares of the electronics maker’s stock valued at $31,000 after purchasing an additional 354 shares during the last quarter. Aperio Group LLC purchased a new position in shares of Vicor during the second quarter worth $54,000. Bank of Montreal Can raised its stake in shares of Vicor by 178.6% in the second quarter. Bank of Montreal Can now owns 2,329 shares of the electronics maker’s stock valued at $72,000 after acquiring an additional 1,493 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its stake in shares of Vicor by 13.0% in the third quarter. Municipal Employees Retirement System of Michigan now owns 5,480 shares of the electronics maker’s stock valued at $162,000 after acquiring an additional 630 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in shares of Vicor by 315.0% in the second quarter. Royal Bank of Canada now owns 5,270 shares of the electronics maker’s stock valued at $164,000 after acquiring an additional 4,000 shares in the last quarter. 28.33% of the stock is owned by hedge funds and other institutional investors.

Several brokerages recently issued reports on VICR. ValuEngine downgraded Vicor from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Northland Securities set a $39.00 target price on Vicor and gave the stock a “buy” rating in a report on Friday, October 18th. Needham & Company LLC lifted their target price on Vicor from $42.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. BidaskClub upgraded Vicor from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 30th. Finally, Zacks Investment Research cut Vicor from a “hold” rating to a “sell” rating in a report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $40.60.

About Vicor

Vicor Corporation designs, develops, manufactures, and markets modular power components and power systems for converting electrical power worldwide. It operates through Brick Business Unit, VI Chip, and Picor segments. The company offers a range of brick-format DC-DC converters and configurable products; complementary components; and input and output voltage, and output power products, as well as electrical and mechanical accessories.

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Insider Buying and Selling by Quarter for Vicor (NASDAQ:VICR)

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