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

Vicor Corporation (NASDAQ:VICR) CEO Patrizio Vinciarelli sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $304.87, for a total value of $6,097,400.00. Following the completion of the transaction, the chief executive officer directly owned 8,608,090 shares in the company, valued at approximately $2,624,348,398.30. The trade was a 0.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 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 shares were sold at an average price of $270.93, for a total value of $5,418,600.00.
• On Thursday, June 4th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were sold at an average price of $311.85, for a total value of $6,237,000.00.
• On Tuesday, June 2nd, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $189.51, for a total value of $3,748,128.78.

Vicor Trading Down 0.6%

NASDAQ:VICR opened at $320.46 on Wednesday. The firm has a market cap of $14.61 billion, a P/E ratio of 107.18 and a beta of 2.36. The stock’s 50 day simple moving average is $265.57 and its 200-day simple moving average is $188.43. Vicor Corporation has a 12-month low of $41.76 and a 12-month high of $361.89.

Vicor (NASDAQ:VICR) last released its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. The business had revenue of $112.97 million for the quarter, compared to analyst estimates of $109.05 million. Vicor had a return on equity of 20.21% and a net margin of 28.98%.The company’s revenue for the quarter was up 20.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 earnings per share. Research analysts forecast that Vicor Corporation will post 2.71 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on VICR. Wall Street Zen lowered Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Roth Mkm reaffirmed a “buy” rating and set a $245.00 price objective on shares of Vicor in a report on Monday, April 20th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Vicor in a report on Monday, June 1st. Zacks Research raised Vicor from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. Finally, Needham & Company LLC upped their price objective on Vicor from $260.00 to $350.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $228.33.

Institutional Trading of Vicor

A number of institutional investors have recently bought and sold shares of VICR. Federated Hermes Inc. purchased a new stake in Vicor during the fourth quarter worth $27,000. Harbour Investments Inc. purchased a new stake in Vicor during the fourth quarter worth $32,000. Allworth Financial LP boosted its position in Vicor by 960.0% during the fourth quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock worth $35,000 after purchasing an additional 288 shares in the last quarter. NBC Securities Inc. purchased a new stake in Vicor during the fourth quarter worth $36,000. Finally, SBI Securities Co. Ltd. boosted its position in Vicor by 32,400.0% during the fourth quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker’s stock worth $36,000 after purchasing an additional 324 shares in the last quarter. 47.45% of the stock is currently owned by hedge funds and other institutional investors.

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.