Vicor (NASDAQ:VICR) CEO Sells $5,590,000.00 in Stock

Vicor Corporation (NASDAQ:VICR) CEO Patrizio Vinciarelli sold 20,000 shares of the company’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $279.50, for a total value of $5,590,000.00. Following the completion of the transaction, the chief executive officer directly owned 8,648,090 shares in the company, valued at approximately $2,417,141,155. The trade was a 0.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 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.
• 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $183.70, for a total value of $9,185,000.00.

Vicor Trading Up 8.2%

VICR stock traded up $22.55 during mid-day trading on Thursday, hitting $298.06. The stock had a trading volume of 533,486 shares, compared to its average volume of 827,925. The company has a fifty day moving average of $253.29 and a 200 day moving average of $182.13. The stock has a market capitalization of $13.59 billion, a price-to-earnings ratio of 99.69 and a beta of 2.36. Vicor Corporation has a 1-year low of $41.76 and a 1-year high of $361.89.

Vicor (NASDAQ:VICR) last posted its quarterly earnings results on Tuesday, April 21st. The electronics maker reported $0.44 EPS for the quarter, beating the consensus estimate of $0.40 by $0.04. The firm 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 company’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.06 EPS. As a group, sell-side analysts expect that Vicor Corporation will post 2.71 earnings per share for the current fiscal year.

Institutional Trading of Vicor

Several hedge funds and other institutional investors have recently modified their holdings of VICR. The Manufacturers Life Insurance Company raised its stake in shares of 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 purchasing an additional 421,435 shares during the period. Price T Rowe Associates Inc. MD raised its stake 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 valued at $48,205,000 after purchasing an additional 413,038 shares during the period. Millennium Management LLC raised its stake in shares of 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 purchasing an additional 259,022 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of 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 purchasing an additional 254,630 shares during the period. Finally, CIBC Bancorp USA Inc. acquired a new stake in shares of Vicor in the 3rd quarter valued at about $12,625,000. Institutional investors and hedge funds own 47.45% of the company’s stock.

Wall Street Analysts Forecast Growth

VICR has been the subject of a number of recent analyst reports. Roth Mkm reaffirmed a “buy” rating and set a $245.00 price target on shares of Vicor in a report on Monday, April 20th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Vicor in a research report on Monday, June 1st. Zacks Research upgraded Vicor from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Wall Street Zen lowered Vicor from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Finally, Needham & Company LLC increased their price objective on Vicor from $260.00 to $350.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. One 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’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $228.33.

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.