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

Vicor Corporation (NASDAQ:VICR) CEO Patrizio Vinciarelli sold 20,000 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $318.65, for a total transaction of $6,373,000.00. Following the transaction, the chief executive officer owned 8,588,090 shares in the company, valued at $2,736,594,878.50. The trade was a 0.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through 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 Friday, June 12th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were sold at an average price of $304.87, for a total transaction of $6,097,400.00.
• 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 transaction 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 value 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 stock was sold at an average price of $342.10, for a total value of $6,842,000.00.
• On Friday, April 24th, Patrizio Vinciarelli sold 4,000 shares of Vicor stock. The stock was sold at an average price of $273.09, for a total value of $1,092,360.00.
• On Thursday, April 16th, Patrizio Vinciarelli sold 40,000 shares of Vicor stock. The stock was sold at an average price of $197.64, for a total value of $7,905,600.00.
• On Wednesday, April 15th, Patrizio Vinciarelli sold 50,000 shares of Vicor stock. The stock was 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 stock was sold at an average price of $189.51, for a total value of $3,748,128.78.

Vicor Price Performance

VICR opened at $320.46 on Wednesday. The stock has a market cap of $14.61 billion, a P/E ratio of 107.18 and a beta of 2.36. The stock’s 50 day simple moving average is $265.57 and its 200 day simple moving average is $188.43. Vicor Corporation has a 1-year low of $41.76 and a 1-year high of $361.89.

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

Institutional Investors Weigh In On Vicor

A number of large investors have recently bought and sold shares of VICR. Royal Bank of Canada grew its holdings in Vicor by 6.0% during the 1st quarter. Royal Bank of Canada now owns 15,167 shares of the electronics maker’s stock valued at $709,000 after buying an additional 857 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Vicor by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,537 shares of the electronics maker’s stock worth $633,000 after purchasing an additional 563 shares during the period. Millennium Management LLC lifted its stake in shares of Vicor by 4,634.5% during the 1st quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock worth $12,379,000 after purchasing an additional 259,022 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Vicor by 38.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 41,541 shares of the electronics maker’s stock worth $1,943,000 after purchasing an additional 11,525 shares during the period. Finally, Acadian Asset Management LLC lifted its stake in shares of Vicor by 56.1% during the 1st quarter. Acadian Asset Management LLC now owns 8,860 shares of the electronics maker’s stock worth $413,000 after purchasing an additional 3,184 shares during the period. Institutional investors and hedge funds own 47.45% of the company’s stock.

Analyst Ratings Changes

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

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.