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

Vicor Corporation (NASDAQ:VICR) CEO Patrizio Vinciarelli sold 20,000 shares of the stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $270.93, for a total value of $5,418,600.00. Following the transaction, the chief executive officer owned 8,688,090 shares of the company’s stock, valued at approximately $2,353,864,223.70. The trade was a 0.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 value 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 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.
• On Thursday, April 9th, Patrizio Vinciarelli sold 24,943 shares of Vicor stock. The shares were sold at an average price of $187.23, for a total value of $4,670,077.89.
• On Wednesday, March 25th, Patrizio Vinciarelli sold 50,000 shares of Vicor stock. The shares were sold at an average price of $183.70, for a total value of $9,185,000.00.
• On Tuesday, March 24th, Patrizio Vinciarelli sold 23,179 shares of Vicor stock. The shares were sold at an average price of $179.93, for a total value of $4,170,597.47.

Vicor Stock Up 3.1%

VICR opened at $283.48 on Wednesday. Vicor Corporation has a 12-month low of $41.76 and a 12-month high of $361.89. The stock has a market cap of $12.92 billion, a price-to-earnings ratio of 94.81 and a beta of 2.36. The business has a 50 day moving average of $250.62 and a 200-day moving average of $180.77.

Vicor (NASDAQ:VICR) last released its quarterly earnings data 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 company had revenue of $112.97 million during 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%.The business’s revenue was up 20.2% on a year-over-year basis. During the same period last year, the firm posted $0.06 earnings per share. As a group, analysts expect that Vicor Corporation will post 2.71 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Needham & Company LLC lifted their price target on Vicor from $260.00 to $350.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Weiss Ratings reissued a “hold (c+)” rating on shares of Vicor in a report on Monday, June 1st. Wall Street Zen cut Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Zacks Research raised Vicor from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. Finally, Roth Mkm reissued a “buy” rating and set a $245.00 price target on shares of Vicor in a report on Monday, April 20th. One 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’s stock. Based on data from MarketBeat.com, Vicor has a consensus rating of “Buy” and an average target price of $228.33.

Hedge Funds Weigh In On Vicor

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VICR. The Manufacturers Life Insurance Company raised its holdings in Vicor by 3,918.9% in the 4th quarter. The Manufacturers Life Insurance Company now owns 432,189 shares of the electronics maker’s stock valued at $47,368,000 after acquiring an additional 421,435 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in 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 valued at $48,205,000 after acquiring an additional 413,038 shares in the last quarter. Millennium Management LLC raised its holdings in Vicor by 4,634.5% in the 1st quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock valued at $12,379,000 after acquiring an additional 259,022 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Vicor by 1,921.4% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 267,882 shares of the electronics maker’s stock valued at $13,319,000 after acquiring an additional 254,630 shares in the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new position in Vicor in the 3rd quarter valued at $12,625,000. 47.45% of the stock is owned by institutional investors and hedge funds.

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.