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

Vicor Corporation (NASDAQ:VICR) CEO Patrizio Vinciarelli sold 20,000 shares of Vicor stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $316.13, for a total transaction of $6,322,600.00. Following the completion of the transaction, the chief executive officer directly owned 8,307,390 shares of the company’s stock, valued at $2,626,215,200.70. This trade represents a 0.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Vicor Stock Down 1.1%

Shares of NASDAQ:VICR opened at $305.61 on Tuesday. The company has a market cap of $14.09 billion, a PE ratio of 97.95 and a beta of 2.37. Vicor Corporation has a fifty-two week low of $48.53 and a fifty-two week high of $382.65. The firm has a 50-day simple moving average of $221.14 and a 200 day simple moving average of $244.72.

Vicor (NASDAQ:VICR) last issued its earnings results on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.39. Vicor had a net margin of 30.65% and a return on equity of 19.83%. The firm had revenue of $143.35 million for the quarter, compared to analysts’ expectations of $138.37 million. During the same quarter last year, the company posted $0.91 earnings per share. Vicor’s revenue was up 49.3% on a year-over-year basis. As a group, research analysts forecast that Vicor Corporation will post 4.07 EPS for the current fiscal year.

Institutional Investors Weigh In On Vicor

Several institutional investors have recently bought and sold shares of VICR. BlackRock Inc. purchased a new position in Vicor during the 2nd quarter valued at about $934,612,000. Jupiter Topco LLC acquired a new stake in shares of Vicor during the second quarter worth approximately $3,934,000. Maxi Investments CY Ltd acquired a new stake in shares of Vicor during the second quarter worth approximately $2,089,000. Tidal Investments LLC grew its position in Vicor by 87.8% during the second quarter. Tidal Investments LLC now owns 82,874 shares of the electronics maker’s stock valued at $31,474,000 after purchasing an additional 38,756 shares in the last quarter. Finally, Bank of America Corp DE acquired a new position in Vicor in the 2nd quarter valued at approximately $33,515,000. Institutional investors and hedge funds own 47.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Zacks Research upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 1st. Weiss Ratings lowered shares of Vicor from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, September 18th. Needham & Company LLC upped their target price on shares of Vicor from $320.00 to $350.00 and gave the stock a “buy” rating in a research report on Thursday, October 1st. Craig Hallum raised their price target on shares of Vicor to $450.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Finally, Roth Capital reaffirmed a “buy” rating and set a $375.00 price target on shares of Vicor in a report on Tuesday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Vicor presently has an average rating of “Buy” and a consensus price target of $391.67.

Vicor Company Profile

Vicor Corporation (NASDAQ:VICR) designs, develops, manufactures and markets modular power-conversion products and systems. Its technologies are used to convert, regulate and distribute electrical power in electronic equipment, with an emphasis on compact, efficient and scalable power-delivery architectures.

The company’s product portfolio includes AC-to-DC and DC-to-DC converters, power modules, power systems and related components. Vicor’s Factorized Power Architecture and associated products are designed to support power delivery from the source to processors, memory, communications equipment and other demanding loads.

Founded in 1981 and headquartered in Andover, Massachusetts, Vicor serves customers and markets worldwide.