Insider Selling: Vicor Co. (NASDAQ:VICR) CEO Sells 10,000 Shares of Stock

Vicor Co. (NASDAQ:VICR) CEO Patrizio Vinciarelli sold 10,000 shares of Vicor stock in a transaction dated Friday, September 17th. The stock was sold at an average price of $130.00, for a total value of $1,300,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Patrizio Vinciarelli also recently made the following trade(s):

  • On Tuesday, September 7th, Patrizio Vinciarelli sold 5,342 shares of Vicor stock. The stock was sold at an average price of $129.00, for a total value of $689,118.00.
  • On Friday, September 3rd, Patrizio Vinciarelli sold 14,372 shares of Vicor stock. The stock was sold at an average price of $128.32, for a total value of $1,844,215.04.
  • On Wednesday, September 1st, Patrizio Vinciarelli sold 227 shares of Vicor stock. The stock was sold at an average price of $125.00, for a total value of $28,375.00.
  • On Monday, August 23rd, Patrizio Vinciarelli sold 10,000 shares of Vicor stock. The stock was sold at an average price of $122.00, for a total value of $1,220,000.00.
  • On Thursday, August 5th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was sold at an average price of $120.50, for a total value of $2,410,000.00.
  • On Monday, August 2nd, Patrizio Vinciarelli sold 26,469 shares of Vicor stock. The stock was sold at an average price of $117.14, for a total value of $3,100,578.66.
  • On Thursday, July 29th, Patrizio Vinciarelli sold 25,349 shares of Vicor stock. The stock was sold at an average price of $113.82, for a total value of $2,885,223.18.
  • On Monday, July 26th, Patrizio Vinciarelli sold 19,732 shares of Vicor stock. The shares were sold at an average price of $111.51, for a total value of $2,200,315.32.
  • On Wednesday, July 21st, Patrizio Vinciarelli sold 10,268 shares of Vicor stock. The shares were sold at an average price of $110.03, for a total value of $1,129,788.04.
  • On Wednesday, July 14th, Patrizio Vinciarelli sold 10,000 shares of Vicor stock. The shares were sold at an average price of $109.00, for a total value of $1,090,000.00.

Shares of NASDAQ VICR opened at $125.43 on Tuesday. Vicor Co. has a 12-month low of $73.71 and a 12-month high of $131.73. The company has a market cap of $5.47 billion, a PE ratio of 109.07 and a beta of 0.68. The stock has a 50 day simple moving average of $118.96 and a 200-day simple moving average of $100.65.

Vicor (NASDAQ:VICR) last announced its earnings results on Thursday, July 22nd. The electronics maker reported $0.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.10. Vicor had a return on equity of 14.18% and a net margin of 14.85%. The firm had revenue of $95.38 million for the quarter, compared to analysts’ expectations of $93.98 million. During the same quarter in the previous year, the company earned $0.06 earnings per share. The firm’s quarterly revenue was up 34.8% compared to the same quarter last year. As a group, equities research analysts forecast that Vicor Co. will post 1.64 earnings per share for the current year.

A number of brokerages have commented on VICR. Northland Securities began coverage on Vicor in a research note on Friday, July 23rd. They issued a “hold” rating and a $100.00 target price for the company. Needham & Company LLC boosted their price objective on Vicor from $110.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, July 23rd. Finally, Zacks Investment Research upgraded Vicor from a “hold” rating to a “buy” rating and set a $121.00 price objective for the company in a research report on Tuesday, July 27th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $117.20.

Large investors have recently made changes to their positions in the stock. Oak Ridge Investments LLC raised its holdings in Vicor by 31.2% during the second quarter. Oak Ridge Investments LLC now owns 100,921 shares of the electronics maker’s stock worth $10,671,000 after purchasing an additional 23,986 shares in the last quarter. Geode Capital Management LLC raised its holdings in Vicor by 7.8% during the first quarter. Geode Capital Management LLC now owns 347,551 shares of the electronics maker’s stock worth $29,552,000 after purchasing an additional 25,057 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Vicor by 278.1% in the first quarter. JPMorgan Chase & Co. now owns 62,161 shares of the electronics maker’s stock valued at $5,286,000 after buying an additional 45,722 shares in the last quarter. Alpha Paradigm Partners LLC bought a new position in shares of Vicor in the first quarter valued at $1,659,000. Finally, Rhumbline Advisers increased its holdings in shares of Vicor by 1.0% in the first quarter. Rhumbline Advisers now owns 58,789 shares of the electronics maker’s stock valued at $4,999,000 after buying an additional 555 shares in the last quarter. 38.31% of the stock is currently owned by hedge funds and other institutional investors.

About Vicor

Vicor Corp. engages in the design, development, manufacture, and marketing of modular power components. The firm provides complete power systems based upon a portfolio of patented technologies. Its products include AC-DC converters, power systems, and accessories. The company was founded by Patrizio Vinciarelli in 1981 and is headquartered in Andover, MA.

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Insider Buying and Selling by Quarter for Vicor (NASDAQ:VICR)

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