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

Vicor Corporation (NASDAQ:VICR) CEO Patrizio Vinciarelli sold 20,000 shares of Vicor stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $375.04, for a total value of $7,500,800.00. Following the sale, the chief executive officer directly owned 8,388,090 shares of the company’s stock, valued at $3,145,869,273.60. This represents a 0.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Monday, June 29th, Patrizio Vinciarelli sold 11,240 shares of Vicor stock. The shares were sold at an average price of $345.04, for a total value of $3,878,249.60.
• On Monday, June 29th, Patrizio Vinciarelli sold 8,760 shares of Vicor stock. The shares were sold at an average price of $366.98, for a total value of $3,214,744.80.
• On Friday, June 26th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was sold at an average price of $323.05, for a total value of $6,461,000.00.
• On Wednesday, June 24th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was sold at an average price of $326.44, for a total transaction of $6,528,800.00.
• On Monday, June 22nd, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was sold at an average price of $360.94, for a total transaction of $7,218,800.00.
• On Wednesday, June 17th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was sold at an average price of $329.57, for a total transaction of $6,591,400.00.
• On Monday, June 15th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were sold at an average price of $318.65, for a total value of $6,373,000.00.
• On Friday, June 12th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were sold at an average price of $304.87, for a total value of $6,097,400.00.
• On Wednesday, June 10th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were sold at an average price of $279.50, for a total value of $5,590,000.00.
• On Monday, June 8th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was sold at an average price of $270.93, for a total value of $5,418,600.00.

Vicor Trading Down 6.7%

Shares of VICR traded down $25.55 during midday trading on Wednesday, reaching $354.23. The stock had a trading volume of 181,582 shares, compared to its average volume of 840,685. The company has a market capitalization of $16.15 billion, a price-to-earnings ratio of 117.20 and a beta of 2.36. The company’s 50-day moving average is $296.76 and its 200 day moving average is $205.85. Vicor Corporation has a 12-month low of $41.76 and a 12-month high of $382.65.

Vicor (NASDAQ:VICR) last announced its quarterly earnings data on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. The company had revenue of $112.97 million for the quarter, compared to analysts’ expectations of $109.05 million. Vicor had a return on equity of 20.21% and a net margin of 28.98%.Vicor’s revenue for the quarter was up 20.2% compared to the same quarter last year. During the same period last year, the firm posted $0.06 EPS. Research analysts forecast that Vicor Corporation will post 2.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

VICR has been the subject of a number of recent research reports. Craig Hallum boosted their price objective on shares of Vicor to $450.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Vicor in a report on Monday, June 1st. Roth Mkm lifted their target price on shares of Vicor from $285.00 to $375.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Needham & Company LLC upped their price target on shares of Vicor to $400.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Finally, Wall Street Zen cut Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $408.33.

Institutional Investors Weigh In On Vicor

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Vicor by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 2,534,534 shares of the electronics maker’s stock valued at $277,785,000 after acquiring an additional 60,963 shares during the period. The Manufacturers Life Insurance Company raised its position in Vicor by 39.6% during the 1st quarter. The Manufacturers Life Insurance Company now owns 603,364 shares of the electronics maker’s stock valued at $97,142,000 after purchasing an additional 171,175 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Vicor by 4.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 578,515 shares of the electronics maker’s stock valued at $28,759,000 after purchasing an additional 25,393 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Vicor by 43.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 536,274 shares of the electronics maker’s stock worth $86,340,000 after buying an additional 162,186 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Vicor by 1,542.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 439,820 shares of the electronics maker’s stock worth $48,205,000 after buying an additional 413,038 shares during the last quarter. Hedge funds and other institutional investors own 47.45% of the company’s stock.

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.