Vicor (NASDAQ:VICR) CEO Patrizio Vinciarelli Sells 20,000 Shares

Vicor Corporation (NASDAQ:VICR) CEO Patrizio Vinciarelli sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $304.87, for a total value of $6,097,400.00. Following the transaction, the chief executive officer owned 8,608,090 shares of the company’s stock, valued at $2,624,348,398.30. This trade represents a 0.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, June 10th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were sold at an average price of $279.50, for a total value of $5,590,000.00.
• On Monday, June 8th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were sold at an average price of $270.93, for a total transaction of $5,418,600.00.
• On Thursday, June 4th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was sold at an average price of $311.85, for a total transaction of $6,237,000.00.
• On Tuesday, June 2nd, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was sold at an average price of $327.08, for a total value of $6,541,600.00.
• On Thursday, May 28th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were sold at an average price of $342.10, for a total transaction of $6,842,000.00.
• On Friday, April 24th, Patrizio Vinciarelli sold 4,000 shares of Vicor stock. The shares were sold at an average price of $273.09, for a total transaction of $1,092,360.00.
• On Thursday, April 16th, Patrizio Vinciarelli sold 40,000 shares of Vicor stock. The shares were sold at an average price of $197.64, for a total transaction of $7,905,600.00.
• On Wednesday, April 15th, Patrizio Vinciarelli sold 50,000 shares of Vicor stock. The shares were sold at an average price of $193.21, for a total value of $9,660,500.00.
• On Tuesday, April 14th, Patrizio Vinciarelli sold 19,778 shares of Vicor stock. The shares were sold at an average price of $189.51, for a total value of $3,748,128.78.
• On Thursday, April 9th, Patrizio Vinciarelli sold 24,943 shares of Vicor stock. The stock was sold at an average price of $187.23, for a total value of $4,670,077.89.

Vicor Stock Performance

VICR stock traded up $2.51 during trading on Tuesday, reaching $324.92. The company had a trading volume of 365,968 shares, compared to its average volume of 819,400. The firm has a 50-day simple moving average of $262.28 and a 200-day simple moving average of $186.80. The company has a market cap of $14.81 billion, a price-to-earnings ratio of 108.96 and a beta of 2.36. Vicor Corporation has a twelve month low of $41.76 and a twelve month high of $361.89.

Vicor (NASDAQ:VICR) last posted its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The company had revenue of $112.97 million during the quarter, compared to the consensus estimate of $109.05 million. During the same period in the previous year, the firm posted $0.06 earnings per share. The firm’s quarterly revenue was up 20.2% on a year-over-year basis. Sell-side analysts expect that Vicor Corporation will post 2.71 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on VICR. Zacks Research upgraded Vicor from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Wall Street Zen cut shares of Vicor from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Weiss Ratings reissued a “hold (c+)” rating on shares of Vicor in a report on Monday, June 1st. Roth Mkm restated a “buy” rating and set a $245.00 price target on shares of Vicor in a research note on Monday, April 20th. Finally, Needham & Company LLC upped their price target on Vicor from $260.00 to $350.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Vicor has a consensus rating of “Buy” and an average target price of $228.33.

Institutional Investors Weigh In On Vicor

A number of institutional investors have recently added to or reduced their stakes in VICR. Federated Hermes Inc. purchased a new stake in Vicor in the 4th quarter valued at approximately $27,000. Harbour Investments Inc. purchased a new position in shares of Vicor in the 4th quarter valued at about $32,000. Allworth Financial LP increased its holdings in shares of Vicor by 960.0% in the 4th quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock valued at $35,000 after purchasing an additional 288 shares in the last quarter. NBC Securities Inc. purchased a new position in shares of Vicor in the 4th quarter valued at about $36,000. Finally, SBI Securities Co. Ltd. increased its holdings in shares of Vicor by 32,400.0% in the 4th quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker’s stock valued at $36,000 after purchasing an additional 324 shares in the last quarter. Hedge funds and other institutional investors own 47.45% of the company’s stock.

Vicor Company Profile

Vicor Corporation is a designer and manufacturer of modular power components and systems, serving a wide range of industries that demand high performance and efficiency. Headquartered in Andover, Massachusetts, the company develops power conversion solutions that help customers optimize energy delivery in applications from telecommunications and data centers to industrial and automotive systems.

The company’s product portfolio includes high-density DC-DC converters, AC-DC front-end modules, point-of-load regulators and complete power systems that combine multiple conversion stages in a single package.