Vicor (NASDAQ:VICR) CEO Sells $7,500,800.00 in Stock

Vicor Corporation (NASDAQ:VICR) CEO Patrizio Vinciarelli sold 20,000 shares of the stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $375.04, for a total value of $7,500,800.00. Following the transaction, the chief executive officer owned 8,388,090 shares in the company, valued at $3,145,869,273.60. This trade represents a 0.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Monday, June 29th, Patrizio Vinciarelli sold 11,240 shares of Vicor stock. The shares were sold at an average price of $345.04, for a total value of $3,878,249.60.
• On Monday, June 29th, Patrizio Vinciarelli sold 8,760 shares of Vicor stock. The shares were sold at an average price of $366.98, for a total transaction of $3,214,744.80.
• On Friday, June 26th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was sold at an average price of $323.05, for a total transaction of $6,461,000.00.
• On Wednesday, June 24th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was sold at an average price of $326.44, for a total transaction of $6,528,800.00.
• On Monday, June 22nd, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was sold at an average price of $360.94, for a total transaction of $7,218,800.00.
• On Wednesday, June 17th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The shares were sold at an average price of $329.57, for a total transaction of $6,591,400.00.
• 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 transaction of $6,373,000.00.
• On Friday, June 12th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was sold at an average price of $304.87, for a total transaction of $6,097,400.00.
• On Wednesday, June 10th, Patrizio Vinciarelli sold 20,000 shares of Vicor stock. The stock was sold at an average price of $279.50, for a total transaction 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 transaction of $5,418,600.00.

Vicor Price Performance

Shares of VICR opened at $282.95 on Friday. The firm has a market cap of $12.90 billion, a PE ratio of 94.63 and a beta of 2.33. The company’s fifty day moving average is $300.36 and its two-hundred day moving average is $209.43. Vicor Corporation has a fifty-two week low of $41.76 and a fifty-two week high of $382.65.

Vicor (NASDAQ:VICR) last announced its quarterly earnings data on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 28.98% and a return on equity of 20.21%. The business’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.06 EPS. As a group, equities research analysts anticipate that Vicor Corporation will post 2.94 earnings per share for the current year.

Hedge Funds Weigh In On Vicor

Several hedge funds and other institutional investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company boosted its position in Vicor by 3,918.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 432,189 shares of the electronics maker’s stock worth $47,368,000 after purchasing an additional 421,435 shares during the period. Price T Rowe Associates Inc. MD raised its position in 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 valued at $48,205,000 after purchasing an additional 413,038 shares during the period. Millennium Management LLC raised its position in Vicor by 4,634.5% in the first 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 lifted its stake in shares of Vicor by 1,921.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 267,882 shares of the electronics maker’s stock worth $13,319,000 after purchasing an additional 254,630 shares in the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new position in shares of Vicor during the third quarter worth about $12,625,000. Institutional investors and hedge funds own 47.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Craig Hallum boosted their price target on Vicor to $450.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Needham & Company LLC raised their price objective on Vicor to $400.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Roth Mkm lifted their price objective on Vicor from $285.00 to $375.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Vicor in a report on Monday, June 1st. Finally, Wall Street Zen cut Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Vicor currently has an average rating of “Buy” and an average price target of $408.33.

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.