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

Vicor Corporation (NASDAQ:VICR) CEO Patrizio Vinciarelli sold 20,000 shares of the business’s 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 in the company, valued at $2,721,854,866.50. This trade represents a 0.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 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 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.
• 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.
• 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 value of $9,185,000.00.
• On Tuesday, March 24th, Patrizio Vinciarelli sold 23,179 shares of Vicor stock. The shares were sold at an average price of $179.93, for a total value 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 Trading Down 11.5%

Shares of NASDAQ VICR opened at $271.04 on Friday. Vicor Corporation has a twelve month low of $41.76 and a twelve month high of $361.89. The company has a market capitalization of $12.35 billion, a price-to-earnings ratio of 90.65 and a beta of 2.36. The firm has a 50-day moving average of $245.67 and a two-hundred day moving average of $177.40.

Vicor (NASDAQ:VICR) last announced its quarterly earnings data on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share (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 company had revenue of $112.97 million for the quarter, compared to analysts’ expectations of $109.05 million. During the same quarter in the previous year, the company posted $0.06 EPS. The business’s revenue was up 20.2% compared to the same quarter last year. As a group, research analysts predict that Vicor Corporation will post 2.71 earnings per share for the current year.

Hedge Funds Weigh In On Vicor

A number of hedge funds and other institutional investors have recently modified their holdings of VICR. Federated Hermes Inc. acquired a new position in shares of Vicor in the 4th quarter valued at $27,000. Harbour Investments Inc. acquired a new position in shares of Vicor in the 4th quarter valued at $32,000. Allworth Financial LP boosted its position 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 during the period. NBC Securities Inc. acquired a new position in shares of Vicor in the 4th quarter valued at $36,000. Finally, SBI Securities Co. Ltd. boosted its position 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 during the period. Institutional investors and hedge funds own 47.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on VICR shares. Roth Mkm reissued a “buy” rating and set a $245.00 target price on shares of Vicor in a research note on Monday, April 20th. Zacks Research raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Vicor in a research note on Monday. Wall Street Zen lowered shares of Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Finally, Needham & Company LLC increased their target price on shares of Vicor from $260.00 to $350.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price 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.