James F. Schmidt, who serves as the Chief Financial Officer, Treasurer, and Secretary of Vicor Corp (NASDAQ:VICR), executed a sale of 754 shares of the company's common stock on June 23, 2026. The transaction was reported to have a total value of $248,820, with each share sold at a price of $330.00. This sale took place after Schmidt exercised 754 non-qualified stock options on the same day, allowing him to acquire common stock at a price of $53.07 per share, for a total cost of $40,014. The acquired shares were then immediately disposed of.
The transaction was carried out in accordance with a Rule 10b5-1 trading plan that Schmidt adopted on December 10, 2025. Following this transaction, Schmidt's direct ownership of common stock in Vicor Corp stands at 0 shares. He retains 1,507 derivative shares in the form of options. This insider activity occurs as Vicor's stock has surged 641% over the past year and currently trades at $333.59, near its 52-week high of $369.40. According to InvestingPro analysis, the stock appears overvalued relative to its Fair Value, with shares trading at a P/E ratio of 112.25. InvestingPro offers 22 additional tips and comprehensive metrics for VICR investors.
In other recent developments, Vicor Corporation reported robust Q1 2026 earnings, with an earnings per share (EPS) of $0.44, surpassing the anticipated $0.37. The company's revenue for the quarter reached $112.97 million, exceeding expectations by 3.59%. Additionally, Vicor raised its second-quarter revenue guidance from $126 million to $142 million, attributing this increase to higher product revenues and royalties from a new patent license. This new license agreement with an original equipment manufacturer includes Vicor's patented power system technology.
Furthermore, Needham raised its price target for Vicor to $400, maintaining a Buy rating, following the company's updated long-term financial model that projects revenue of $2.5 billion. This increase follows a prior adjustment when Needham had raised the price target to $350 based on Vicor's improved revenue guidance for the second quarter of 2026. Meanwhile, Vicor shareholders elected eleven directors and approved executive compensation at the company's recent annual meeting. These developments indicate significant activity within Vicor, attracting attention from investors and analysts alike.