In a recent filing with the Securities and Exchange Commission, Sean Crilly, Corporate Vice President of Engineering for Power Systems at Vicor Corp (NASDAQ:VICR), reported selling a portion of his company shares. On May 14, 2024, Crilly sold 446 shares of Vicor Corp at an average price of $33.27, totaling approximately $14,838 in value. This sale followed the acquisition of shares through the exercise of options on the same day.
The transactions were part of Crilly's trading activities involving both non-derivative and derivative securities. In addition to the sale, he also acquired a total of 3,402 shares through the exercise of options, with each share priced at $6.77, amounting to a total transaction value of $23,031. These options were exercisable in full, as indicated by a footnote in the SEC filing.
Following the reported transactions, Crilly's direct ownership in Vicor Corp's common stock adjusted to a total of 26,942 shares. It's important to note that the reported transactions do not necessarily indicate a change in the executive's view of the company's potential or performance. Shareholders and potential investors often monitor such filings to gain insight into the trading behavior of a company's insiders.
Vicor Corp, headquartered in Andover, Massachusetts, specializes in the manufacture of electronic components. The company's stock is traded on the NASDAQ under the ticker symbol VICR.
InvestingPro Insights
As investors digest the recent insider trading activities at Vicor Corp (NASDAQ:VICR), it's crucial to consider the company's financial health and market performance to understand the broader context. According to InvestingPro, Vicor holds a notable cash position, with more cash than debt on its balance sheet. This could provide the company with a buffer against market volatility and economic downturns. Additionally, Vicor boasts impressive gross profit margins, which, as of the last twelve months ending in Q1 2024, stood at an impressive 52.04%. This indicates the company's ability to maintain profitability despite costs.
However, it's worth noting that Vicor is currently trading at a high earnings multiple, with a P/E ratio of 53.93 and an adjusted P/E ratio for the last twelve months as of Q1 2024 at 35.48. This suggests that the market has high expectations for the company's future earnings growth. Analysts have also predicted a decline in sales and net income for the current year, which is reflected in a -4.28% revenue growth over the last twelve months. The stock has experienced significant price volatility, with a -27.56% price total return over the last three months.
In light of these insights, investors may want to consider the additional 13 InvestingPro Tips available for Vicor Corp to make more informed decisions. These tips, along with real-time metrics, could offer a deeper analysis of the company's performance and potential. Interested investors can use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, providing access to these valuable insights.
Understanding the full picture of Vicor Corp's financial health and market performance is essential, especially when considering the insider trading activities of its executives. With the InvestingPro insights and additional tips, investors can navigate the complexities of the stock market with greater confidence.
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