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 that occurred on Wednesday, June 17th. The stock was sold at an average price of $329.57, for a total value of $6,591,400.00. Following the sale, the chief executive officer directly owned 8,548,090 shares in the company, valued at $2,817,194,021.30. This represents a 0.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 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 Friday, June 12th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were 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 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 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 stock was sold at an average price of $273.09, for a total transaction 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 transaction 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 transaction of $9,660,500.00.

Vicor Trading Up 1.9%

Shares of NASDAQ:VICR opened at $331.37 on Friday. The firm has a 50 day moving average of $272.39 and a 200-day moving average of $191.79. Vicor Corporation has a 12 month low of $41.76 and a 12 month high of $361.89. The stock has a market capitalization of $15.10 billion, a PE ratio of 110.83 and a beta of 2.36.

Vicor (NASDAQ:VICR) last posted its quarterly earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 28.98% and a return on equity of 20.21%. The firm’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same quarter last year, the business posted $0.06 EPS. On average, research analysts predict that Vicor Corporation will post 2.71 EPS for the current fiscal year.

Institutional Trading of Vicor

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Vicor by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 2,534,534 shares of the electronics maker’s stock worth $277,785,000 after purchasing an additional 60,963 shares during the period. The Manufacturers Life Insurance Company raised its stake in Vicor by 39.6% in the 1st quarter. The Manufacturers Life Insurance Company now owns 603,364 shares of the electronics maker’s stock valued at $97,142,000 after acquiring an additional 171,175 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Vicor by 4.6% during the third quarter. Dimensional Fund Advisors LP now owns 578,515 shares of the electronics maker’s stock valued at $28,759,000 after purchasing an additional 25,393 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Vicor by 43.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 536,274 shares of the electronics maker’s stock worth $86,340,000 after purchasing an additional 162,186 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Vicor by 1,542.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 439,820 shares of the electronics maker’s stock worth $48,205,000 after purchasing an additional 413,038 shares in the last quarter. 47.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on VICR shares. Needham & Company LLC boosted 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. Wall Street Zen downgraded shares of Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Zacks Research upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Roth Mkm reaffirmed a “buy” rating and set a $245.00 target price on shares of Vicor in a research note on Monday, April 20th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Vicor in a report on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently 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.