James Schmidt, the Chief Financial Officer of Vicor Corporation (NASDAQ:VICR), sold 7,453 shares of the company’s stock on October 23, 2023, in a transaction valued at $683,812.75. The shares were sold at an average price of $91.75 each. Following this sale, Schmidt holds just 875 shares of Vicor, reflecting a significant 89.49% decrease in his stock position.
The transaction was officially disclosed in a filing with the Securities and Exchange Commission (SEC), which can be accessed on the SEC’s website. This move has raised interest among investors, particularly given the recent performance of Vicor’s stock.
Current Performance and Market Overview
As of Wednesday, Vicor Corporation’s stock opened at $89.65, showing a slight decline of 0.4%. Over the past year, the stock has experienced a range, with a low of $38.92 and a high of $96.58. The company currently has a market capitalization of $4.03 billion, a price-to-earnings ratio of 48.99, and a beta of 1.73. Its moving averages stand at $55.69 for the past 50 days and $49.00 for the last 200 days.
Vicor recently reported its earnings on October 21, 2023, posting an earnings per share (EPS) of $0.63, surpassing analysts’ expectations of $0.20 by $0.43. The company’s net margin was 18.63%, with a return on equity of 13.77%. Quarterly revenue reached $110.42 million, exceeding projections of $95.40 million and marking an increase of 18.5% compared to the same quarter the previous year.
Institutional Investor Activity
Vicor has also seen activity from institutional investors recently. For instance, Optimum Investment Advisors acquired a new stake in the company worth $26,000 in the first quarter. Manchester Capital Management LLC increased its holdings by 76.8%, now owning 610 shares valued at $29,000 after acquiring an additional 265 shares.
Other notable changes include Nisa Investment Advisors LLC, which raised its stake by 53.4% in the third quarter, now holding 603 shares worth $30,000. Similarly, Strs Ohio and KBC Group NV entered new positions valued at $56,000 and $57,000, respectively. Collectively, institutional investors and hedge funds own approximately 47.45% of Vicor Corporation’s stock.
Vicor Corporation, through its subsidiaries, specializes in designing and manufacturing modular power components and systems for converting electrical power across various markets, including the United States, Europe, and Asia Pacific. The company offers a wide array of solutions, including brick-format DC-DC converters and complementary components for various power applications.
As the market reacts to these developments, analysts and investors will be closely monitoring Vicor’s performance and any further insider trading activity.
