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

Vicor Corporation (NASDAQ:VICR) CEO Patrizio Vinciarelli sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $105.28, for a total value of $2,105,600.00. Following the completion of the sale, the chief executive officer owned 9,768,363 shares of the company’s stock, valued at $1,028,413,256.64. This trade represents a 0.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, December 19th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were sold at an average price of $103.02, for a total value of $2,060,400.00.
• On Thursday, December 11th, Patrizio Vinciarelli sold 6,176 shares of Vicor stock. The stock was sold at an average price of $101.78, for a total value of $628,593.28.
• On Wednesday, December 10th, Patrizio Vinciarelli sold 5,724 shares of Vicor stock. The shares were sold at an average price of $101.10, for a total value of $578,696.40.
• On Wednesday, November 12th, Patrizio Vinciarelli sold 10,000 shares of Vicor stock. The stock was sold at an average price of $100.18, for a total value of $1,001,800.00.

Vicor Trading Down 1.9%

Shares of Vicor stock opened at $108.96 on Wednesday. Vicor Corporation has a 52 week low of $38.92 and a 52 week high of $112.31. The stock has a market cap of $4.87 billion, a PE ratio of 59.54 and a beta of 1.94. The company’s 50-day moving average price is $89.43 and its two-hundred day moving average price is $62.78.

Vicor (NASDAQ:VICR) last posted its quarterly earnings data on Tuesday, October 21st. The electronics maker reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.43. Vicor had a net margin of 18.63% and a return on equity of 13.77%. The company had revenue of $110.42 million during the quarter, compared to analyst estimates of $95.40 million. During the same quarter last year, the firm posted $0.26 EPS. The business’s revenue for the quarter was up 18.5% on a year-over-year basis.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of VICR. PNC Financial Services Group Inc. lifted its holdings in shares of Vicor by 13.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,129 shares of the electronics maker’s stock valued at $56,000 after buying an additional 136 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in Vicor by 53.4% in the third quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker’s stock valued at $30,000 after acquiring an additional 210 shares during the last quarter. Amalgamated Bank grew its position in Vicor by 3.4% in the third quarter. Amalgamated Bank now owns 6,782 shares of the electronics maker’s stock worth $337,000 after acquiring an additional 224 shares in the last quarter. Creative Planning grew its position in Vicor by 5.4% in the third quarter. Creative Planning now owns 5,465 shares of the electronics maker’s stock worth $272,000 after acquiring an additional 281 shares in the last quarter. Finally, Illinois Municipal Retirement Fund increased its stake in shares of Vicor by 3.3% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 12,323 shares of the electronics maker’s stock worth $613,000 after purchasing an additional 394 shares during the last quarter. 47.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Needham & Company LLC set a $90.00 price objective on Vicor and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Wall Street Zen lowered Vicor from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 23rd. Zacks Research upgraded Vicor to a “hold” rating in a research report on Tuesday, December 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vicor in a research note on Wednesday, October 8th. Finally, Roth Capital assumed coverage on Vicor in a research note on Tuesday, December 16th. They set a “buy” rating and a $115.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Vicor has a consensus rating of “Moderate Buy” and a consensus price target of $98.33.

About Vicor

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.