Vicor (NASDAQ:VICR) CEO Patrizio Vinciarelli Sells 5,917 Shares

Vicor Corporation (NASDAQ:VICR) CEO Patrizio Vinciarelli sold 5,917 shares of the company’s stock in a transaction that occurred on Monday, December 29th. The stock was sold at an average price of $111.20, for a total value of $657,970.40. Following the completion of the sale, the chief executive officer owned 9,730,046 shares in the company, valued at approximately $1,081,981,115.20. This represents a 0.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Friday, December 26th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were sold at an average price of $110.12, for a total transaction of $2,202,400.00.
• On Wednesday, December 24th, Patrizio Vinciarelli sold 12,400 shares of Vicor stock. The shares were sold at an average price of $108.87, for a total transaction of $1,349,988.00.
• On Monday, December 22nd, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were sold at an average price of $105.28, for a total transaction of $2,105,600.00.
• On Friday, December 19th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were sold at an average price of $103.02, for a total transaction of $2,060,400.00.
• On Thursday, December 11th, Patrizio Vinciarelli sold 6,176 shares of Vicor stock. The stock was sold at an average price of $101.78, for a total transaction of $628,593.28.
• On Wednesday, December 10th, Patrizio Vinciarelli sold 5,724 shares of Vicor stock. The stock was sold at an average price of $101.10, for a total transaction of $578,696.40.
• On Wednesday, November 12th, Patrizio Vinciarelli sold 10,000 shares of Vicor stock. The shares were sold at an average price of $100.18, for a total value of $1,001,800.00.

Vicor Price Performance

NASDAQ VICR traded up $3.93 during trading hours on Tuesday, reaching $115.93. The company’s stock had a trading volume of 195,784 shares, compared to its average volume of 337,919. The firm has a market capitalization of $5.18 billion, a price-to-earnings ratio of 63.53 and a beta of 1.94. The company’s 50-day moving average is $93.54 and its two-hundred day moving average is $64.59. Vicor Corporation has a 1-year low of $38.92 and a 1-year high of $115.63.

Vicor (NASDAQ:VICR) last issued its quarterly earnings data on Tuesday, October 21st. The electronics maker reported $0.63 EPS for the quarter, beating the consensus estimate of $0.20 by $0.43. The company had revenue of $110.42 million for the quarter, compared to analyst estimates of $95.40 million. Vicor had a return on equity of 13.77% and a net margin of 18.63%.Vicor’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same period last year, the company earned $0.26 earnings per share.

Institutional Trading of Vicor

Large investors have recently bought and sold shares of the business. Millennium Management LLC raised its position in Vicor by 4,634.5% in the first 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 during the period. Arrowstreet Capital Limited Partnership raised its holdings in Vicor by 1,921.4% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 267,882 shares of the electronics maker’s stock valued at $13,319,000 after buying an additional 254,630 shares during the period. CIBC Bancorp USA Inc. acquired a new position in Vicor in the third quarter valued at about $12,625,000. UBS Group AG lifted its position in Vicor by 643.6% in the third quarter. UBS Group AG now owns 104,076 shares of the electronics maker’s stock valued at $5,175,000 after buying an additional 90,079 shares during the last quarter. Finally, Qube Research & Technologies Ltd boosted its stake in Vicor by 172.2% during the third quarter. Qube Research & Technologies Ltd now owns 98,366 shares of the electronics maker’s stock worth $4,891,000 after buying an additional 62,233 shares during the period. Hedge funds and other institutional investors own 47.45% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on VICR. Weiss Ratings restated a “hold (c)” rating on shares of Vicor in a research report on Wednesday, October 8th. Roth Capital assumed coverage on shares of Vicor in a research report on Tuesday, December 16th. They set a “buy” rating and a $115.00 price target for the company. Wall Street Zen lowered shares of Vicor from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 23rd. Zacks Research upgraded Vicor to a “hold” rating in a research note on Tuesday, December 16th. Finally, Craig Hallum raised Vicor from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a report on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $98.33.

About Vicor

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.