James F. Schmidt, serving as Chief Financial Officer, Treasurer, and Secretary of Vicor Corporation (NASDAQ: VICR), executed a sale of company stock on June 24, 2026. The transaction involved the disposal of 331 shares of VICOR common stock, generating total proceeds of $110,851. Each share was sold at a price of $334.90.
This divestment was carried out in accordance with a Rule 10b5-1 trading plan, which Schmidt established on December 10, 2025. The sale occurs as VICOR shares are trading near $333.71, marking a substantial 600% gain over the preceding year. Valuation metrics from InvestingPro analysis suggest the stock is currently overvalued relative to its Fair Value, positioning it among companies on the Most Overvalued list with a Price-to-Earnings (P/E) ratio of 108.
Concurrently with the sale, Schmidt acquired 331 shares of VICOR common stock through the exercise of non-qualified stock options. These shares were acquired at an exercise price of $60.37 per share, totaling $19,982. The option exercise and subsequent sale of shares occurred on the same day. Following these transactions, Schmidt directly holds 0 shares of common stock from this particular series of transactions.
In recent financial developments, Vicor Corporation reported strong first-quarter 2026 earnings. The company reported an earnings per share (EPS) of $0.44, surpassing the expected $0.37. Revenue for the quarter reached $112.97 million, exceeding forecasts by 3.59%. Additionally, Vicor raised its second-quarter revenue guidance from $126 million to $142 million due to increased product revenues and royalties from a new patent license agreement. This agreement involves an original equipment manufacturer securing a comprehensive license to Vicor’s patented power system technology.
In other developments, Needham raised its price target for Vicor to $350 from $260, citing the increased second-quarter 2026 revenue guidance. Subsequently, Needham further increased the price target to $400, maintaining a Buy rating, following Vicor’s announcement of a long-term financial model targeting $2.5 billion in revenue. At Vicor’s annual meeting, shareholders elected eleven directors and approved executive compensation. These recent developments highlight Vicor’s strategic growth and positive financial outlook.