ANDOVER, MA—Andrew D'Amico, a director at Vicor Corp (NASDAQ:VICR), a $2.25 billion market cap power component manufacturer with impressive gross profit margins of 50.9%, recently sold 2,000 shares of the company's common stock. According to InvestingPro analysis, the stock is currently trading near its Fair Value. The transactions, which took place on January 6, were executed at prices ranging from $51.83 to $52.0 per share, amounting to a total of $103,830. The sales were conducted under a pre-established Rule 10b5-1 trading plan, adopted by D'Amico in September 2024. The stock has shown strong momentum, gaining over 56% in the past six months.
In addition to the sales, D'Amico exercised options to acquire 2,000 shares at a price of $10.07 per share, with the total transaction value for these option exercises amounting to $20,140. Following these transactions, D'Amico does not own any shares directly. For deeper insights into insider trading patterns and comprehensive analysis, access the full Vicor Pro Research Report on InvestingPro.
In other recent news, Vicor Corporation reported mixed financial results for the third quarter, with an 8.5% sequential increase in revenue to $93.2 million, but a year-over-year decline of 13.6%. The company's gross profit margin slightly decreased to 49.1%, and the net income stood at $11.6 million. The launch of the much-anticipated Gen 5 chipset has been delayed due to a PCB issue, but initial shipments are expected to begin soon. Despite these challenges, Vicor remains focused on its strategic goals in advanced technology markets, including the AI and automotive sectors, and continues to enforce its intellectual property rights through ongoing legal proceedings. These are among the recent developments at Vicor, as the company navigates a complex landscape of robust sequential growth tempered by year-over-year declines.
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