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

Vicor Corporation (NASDAQ:VICR) CEO Patrizio Vinciarelli sold 20,000 shares of the stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $311.85, for a total transaction of $6,237,000.00. Following the sale, the chief executive officer owned 8,728,090 shares of the company’s stock, valued at approximately $2,721,854,866.50. This represents a 0.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available 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 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $4,670,077.89.
• On Wednesday, March 25th, Patrizio Vinciarelli sold 50,000 shares of Vicor stock. The stock was sold at an average price of $183.70, for a total transaction of $9,185,000.00.
• On Tuesday, March 24th, Patrizio Vinciarelli sold 23,179 shares of Vicor stock. The stock was sold at an average price of $179.93, for a total transaction of $4,170,597.47.
• On Friday, March 20th, Patrizio Vinciarelli sold 44,076 shares of Vicor stock. The stock was sold at an average price of $179.88, for a total transaction of $7,928,390.88.

Vicor Stock Down 10.2%

Shares of NASDAQ:VICR traded down $31.26 on Friday, hitting $274.86. The company had a trading volume of 537,739 shares, compared to its average volume of 826,710. The firm’s 50-day simple moving average is $243.97 and its two-hundred day simple moving average is $176.74. Vicor Corporation has a 1 year low of $41.76 and a 1 year high of $361.89. The firm has a market capitalization of $12.53 billion, a price-to-earnings ratio of 92.01 and a beta of 2.36.

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on VICR shares. Roth Mkm reissued a “buy” rating and set a $245.00 price target on shares of Vicor in a research report on Monday, April 20th. 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 research report on Monday. Needham & Company LLC lifted their price target on shares of Vicor from $260.00 to $350.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Finally, Zacks Research raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $228.33.

Institutional Trading of Vicor

A number of institutional investors and hedge funds have recently bought and sold shares of VICR. Royal Bank of Canada increased its stake 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 purchasing an additional 857 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in 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 valued at $633,000 after purchasing an additional 563 shares in the last quarter. Millennium Management LLC increased its stake in Vicor by 4,634.5% during the 1st quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock valued at $12,379,000 after purchasing an additional 259,022 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in 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 valued at $1,943,000 after purchasing an additional 11,525 shares in the last quarter. Finally, Acadian Asset Management LLC increased its stake in Vicor by 56.1% during the 1st quarter. Acadian Asset Management LLC now owns 8,860 shares of the electronics maker’s stock valued at $413,000 after purchasing an additional 3,184 shares in the last quarter. 47.45% of the stock is currently owned by institutional investors.

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.