Insider Selling: Vicor (NASDAQ:VICR) CEO Sells $7,218,800.00 in Stock

Vicor Corporation (NASDAQ:VICR) CEO Patrizio Vinciarelli sold 20,000 shares of the business’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $360.94, for a total value of $7,218,800.00. Following the sale, the chief executive officer owned 8,488,090 shares in the company, valued at approximately $3,063,691,204.60. The trade was a 0.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Wednesday, June 24th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were sold at an average price of $326.44, for a total value of $6,528,800.00.
• 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 value of $6,591,400.00.
• On Monday, June 15th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was 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 stock was 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 transaction of $5,418,600.00.
• 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 stock was sold at an average price of $327.08, for a total transaction 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 transaction 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 transaction of $1,092,360.00.

Vicor Stock Performance

NASDAQ:VICR opened at $326.93 on Friday. The firm’s fifty day moving average is $290.25 and its two-hundred day moving average is $201.28. The firm has a market cap of $14.90 billion, a price-to-earnings ratio of 109.34 and a beta of 2.36. Vicor Corporation has a one year low of $41.76 and a one year high of $369.40.

Vicor (NASDAQ:VICR) last issued its quarterly earnings data on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.04. Vicor had a return on equity of 20.21% and a net margin of 28.98%.The business had revenue of $112.97 million during the quarter, compared to analysts’ expectations of $109.05 million. During the same quarter in the previous year, the firm posted $0.06 EPS. The company’s revenue for the quarter was up 20.2% on a year-over-year basis. As a group, equities research analysts predict that Vicor Corporation will post 2.94 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vicor

A number of large investors have recently added to or reduced their stakes in VICR. Federated Hermes Inc. acquired a new stake in shares of Vicor in the fourth quarter valued at about $27,000. Harbour Investments Inc. acquired a new position in shares of Vicor during the 4th quarter worth about $32,000. Allworth Financial LP lifted its stake in 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 buying an additional 288 shares in the last quarter. NBC Securities Inc. purchased a new position in Vicor in the 4th quarter valued at about $36,000. Finally, SBI Securities Co. Ltd. boosted its holdings in Vicor by 32,400.0% in the 4th quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker’s stock worth $36,000 after buying an additional 324 shares during the last quarter. 47.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on VICR shares. Wall Street Zen downgraded Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Craig Hallum raised their price objective on shares of Vicor to $450.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Vicor in a report on Monday, June 1st. Needham & Company LLC boosted their target price on shares of Vicor to $400.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Finally, Roth Mkm increased their price target on shares of Vicor from $285.00 to $375.00 and gave the stock a “buy” rating in a report on Monday. 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, the company currently has an average rating of “Buy” and an average price target of $408.33.

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.