Vicor (NASDAQ:VICR) CEO Sells $5,418,600.00 in Stock

Vicor Corporation (NASDAQ:VICR) CEO Patrizio Vinciarelli sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $270.93, for a total transaction of $5,418,600.00. Following the completion of the sale, the chief executive officer owned 8,688,090 shares in the company, valued at approximately $2,353,864,223.70. The trade was a 0.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 shares were 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 value 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 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 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.

Vicor Price Performance

Shares of NASDAQ VICR traded up $8.18 during trading on Tuesday, hitting $283.15. The stock had a trading volume of 769,531 shares, compared to its average volume of 828,699. The company has a market capitalization of $12.91 billion, a PE ratio of 94.90 and a beta of 2.36. The firm has a fifty day moving average of $248.01 and a two-hundred day moving average of $179.38. Vicor Corporation has a 12 month low of $41.76 and a 12 month high of $361.89.

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

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Parallel Advisors LLC raised its stake in shares of Vicor by 167.8% during the first quarter. Parallel Advisors LLC now owns 490 shares of the electronics maker’s stock worth $79,000 after acquiring an additional 307 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of Vicor by 1,493.1% in the first quarter. NewEdge Advisors LLC now owns 2,071 shares of the electronics maker’s stock worth $333,000 after buying an additional 1,941 shares during the period. Axiom Investment Management LLC purchased a new position in shares of Vicor in the first quarter worth $209,000. Vestor Capital LLC purchased a new position in shares of Vicor in the first quarter worth $7,110,000. Finally, Bank of America Corp DE increased its stake in shares of Vicor by 44.4% in the first quarter. Bank of America Corp DE now owns 102,107 shares of the electronics maker’s stock worth $16,439,000 after buying an additional 31,399 shares during the period. 47.45% of the stock is owned by hedge funds and other 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.